In 1999 a customer approached us and asked us a simple question.  "How much of a rate margin will you charge us for a particular Project Manager?".  

Our answer, "$8/hour".  

Our customer had been paying a $28/hour margin.  

Over the course of the next two years our customer saved:

 

2,000 

 

Approximate hours worked per year 

   

     $20 

  ($28 - $8) Hourly amount saved using TransAmerica

$40,000 

  Amount our Customer Saved! 

 

That one question inspired our Clear Report® program.  "Clear" is an acronym for Comprehensive List of Expenses And Rates.  

Clear Report® is simply a break down of our line item costs.  

Below is a Sample Clear Report.

Also, with TransAmerica, you can rely on excellence.  Our Consultants are industry recognized,  World Class professionals.

 

TransAmerica’s Clear Report®
(Comprehensive List of Expenses And Rates)

A Sample Clear Report® for Clients & Consultants

$89 Hourly Invoice Rate Three Month Contract-for-Hire

Recurring Consultant Expenses:

TransAmerica Consultant Hourly Rate.......................................................................................

Matching Social Security Tax ($60 x 6.2%........................................................................................

Matching Medicare Tax ($60 x 1.45%)..............................................................................................

State Worker’s Compensation Insurance ($9,600 x 0.35 ¸ 100 ¸ 160)...................................................

Federal Unemployment Tax ($7,000 x 6.2% ¸ 480 Hours)...................................................................

Aggregate Cash Flow Costs [($26,280 x 0.02329% x 75 Days) ¸ 400 Hours Worked]............................

Total Recurring Consultant Expenses:..........................................................................................

$60.00

$3.72

$0.87

$0.21

$0.90

$1.15

$66.85

Operational Expenses:

           General and Administrative Expenses:.............................................................................................

$8.00

 

General Liability Insurance Coverage Expenses:

$1,000,000 - Bodily Injury/Property Damage Liability - Per Occurrence

$2,000,000 - Products - Completed Operations

$1,000,000 - Personal and Advertising Limit

$1,000,000 - Fire Damage Limit

Occupational Disease Insurance

Naming Customer as an additional insured

 

 

 

 

 

 

 

 

         

            Total Operational Expenses - Minimum:  .....................................................................................

$7.00

TransAmerica's Hourly Margin Calculation:

Margin calculation ($89.00 less $66.85 less $15.00)

 

TransAmerica's Hourly Margin........................................................................................................

$7.15

Itemization of TransAmerica Consultant Semi-Monthly Paycheck: *

Gross Pay

Federal Income Tax Withheld ($911.06 + (30% x ($4,800 - $4,571))

Social Security Tax Withheld ($4,800 x 6.2%)

Medicare Tax Withheld ($4,800 x 1.45%)

State Income Tax Withheld ($125.54 + 6% x ($4,800 - $2,245))

Net Pay

$4,800.00

$979.76

$297.60

$69.60

$278.84

$3,174.20

 

*Assuming 80-hour Semi-Monthly pay, 3-month contract-for-hire basis, Married - Zero Withholding Allowances