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Excel Consultancy Rate Cost Calculator Template

This document provides a template for calculating costs and billing rates for a consulting business. It includes calculations for billable days in a year, yearly running costs, daily overhead rate, target salary, daily labour rate, profit margin, daily profit, daily billable rate, and hourly billable rate. Values for costs, salaries, and percentages can be customized for an individual business. The document is intended to help consultants determine realistic pricing.

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Hamid Mansouri
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as XLS, PDF, TXT or read online on Scribd
633 views

Excel Consultancy Rate Cost Calculator Template

This document provides a template for calculating costs and billing rates for a consulting business. It includes calculations for billable days in a year, yearly running costs, daily overhead rate, target salary, daily labour rate, profit margin, daily profit, daily billable rate, and hourly billable rate. Values for costs, salaries, and percentages can be customized for an individual business. The document is intended to help consultants determine realistic pricing.

Uploaded by

Hamid Mansouri
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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Page 1 file:///conversion/tmp/scratch/477358700.

xls

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
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

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Document updated: 2007/10/12

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8 days bank holidays: www.dti.gov.uk/employment/employment-legislation/employment-guidance/page28979.html#paid_annual

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28979.html#paid_annual

file:///conversion/tmp/scratch/477358700.xls Consulting rate 4

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