Excel Consultancy Rate Cost Calculator Template - Free Download
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25E39668707A40A746B5A1.xls
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Consulting rate 1
Based on www.stc.org/confproceed/2002/PDFs/STC49-00051.pdf
Overwrite the demonstration data with realistic values for your business
Blue=enter your numbers Yellow=calculated
Billable days calculation
A 261 Weekdays
20 Holidays. Minimum is 24 days as of 2007/10/01, but that includes 8 days bank holidays: www.dti.gov.uk/employment/employment-legislation/employment-guidance/page28979.html#paid_annual
8 Bank holidays (see 'Holidays')
5 Sick (average UK worker's days off)
24 General admin (2 days a month)
36 Marketing and business development (3 days a month)
B 93 Non working days
C (billable days) = A -B = 168
Costs of running the business
cost item
100.00 advertising / publicity
100.00
hardware and software
100.00 training
100.00 professional bodies / conferences
100.00 site visits
100.00 business insurances
100.00 pension/healthcare/
100.00 phone & office costs
D 800.00 Yearly running costs
E 4.76 Daily overhead = D/C
Labour rate
F 5000.00
Target salary (drawings) before tax
G 29.76 Daily labour rate (=target salary/billable days =F/C)
H 16.00 Daily overhead as % of labour (=(E/F)*100 [not part of Juillet's formula])
Profit margin calculation
Profit margin (www.freelanceuk.com/running_business/price_for_profit.shtml suggests 20%)
I 0.2 Profit margin
J 6.90 Daily profit = (overhead+labour [=E+G]) x profit margin
Billing rate
K 41.43 Daily billable rate = overhead+labour+profit [=E+G+J])
L 5.52 Hourly billable rate = daily / 7.5
Document updated: 2007/10/12
source: techscribe.co.uk
