Posted by Myles on Thu Sep 10 5:08:46 1998
In Reply to: Change of standard rate posted by TimJ on September 03, 1998 at 21:18:38:
| Distribution: | paneris@i-way.co.uk | lurker@paneris.co.uk |
|---|
>Chippy,>>I'm not sure what this is about (missing hours?).
>There are less hours logged in the Time Recording system then are invoiced for.
>>
>>On the vein of re-doing the invoicing, I feel duty-bound to point out
>>that your maths is a bit askew. If the Basic Rate (originally 41.49)
>>is 100% of the cost and 20% goes to the manager and finder (TimJ in
>>both cases) then to get the developer's hourly rate you should multiply
>>by 80%. Dividing by 1.2 is equivalent to multiplying by 5/6, i.e.
>>reserving 16.66% for the manager/finder.>Well 80% would give the developer £28.80 from a standard rate of £36 which is wrong.
>So I figured that the developer rate is _marked-up_ by 20%, therefor working the other
>way (to establish the developer rate) you would expect to divide by 1.2.OK. that sounds fine.
>Of course we could change this, when we discussed a £40 rate we figured on the developer
>getting £32 (80%), whereas following our existing system would mean the developer getting
>£33.33 per hour.Nice such a nice number, but nicer than £32 :-)
>I personally don't care which way we do it, but perhaps we should decide?
Ditto. Shall we say that there is a developer's rate, plus 10% for management
plus 10% for finder's fee, i.e. the full rate is 120% of developers rate?Myles
>Cheers
>Tim Joyce
>Chief Enthusiast
>HOOP Ltd
>tim@hoop.co.uk
>http://www.hoop.co.uk
>+44 1202 251 816>>
>>Doh! Had to do it, though, didn't I Colin ;-)
>>
>>Myles
>>
>>
>>At 14:12 03/09/98 +0100, Tim Joyce wrote:
>>>Colin,
>>>
>>>I only have 11 hours booked in the time recording system, but don't panic:
>>>
>>>If you are happy with £25 per hour, it doesn't effect the calculation much.
>>>
>>>Should I recalculate based on 15.75 hours, you can change your invoice and
>>>on we go, or shall we just leave it as it stands (i'm happy both ways).
>>>Chippy thoughts?
>>>
>>>Cheers
>>>
>>>Tim Joyce
>>>Chief Enthusiast
>>>HOOP Ltd
>>>tim@hoop.co.uk
>>>http://www.hoop.co.uk
>>>+44 1202 251 816
>>>
>>>
>>>
>>>
>>
>>______________________________________________________
>>
>>Myles Chippendale - mylesc@i-way.co.uk
>>Net Worker
>> MJ Chippendale Solutions
>> 77 Hurst Street - 01865 791078
>> Oxford OX4 1HA
>>
>> http://www.paneris.co.uk/mylesc.html
>>______________________________________________________