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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:
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2,000 |
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Approximate
hours worked per year |
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X |
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$20 |
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($28
- $8) Hourly
amount saved using TransAmerica |
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$40,000 |
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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.
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| TransAmerica’s
Clear Report® |
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| (Comprehensive
List of Expenses
And Rates) |
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A Sample
Clear Report® for Clients & Consultants |
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$89 Hourly Invoice Rate Three
Month Contract-for-Hire |
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| Recurring
Consultant Expenses: |
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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:.......................................................................................... |
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$60.00
$3.72
$0.87
$0.21
$0.90
$1.15
$66.85 |
| Operational
Expenses: |
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General and Administrative Expenses:............................................................................................. |
$8.00 |
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General
Liability Insurance Coverage Expenses:
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$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 |
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Total Operational Expenses - Minimum:
..................................................................................... |
$7.00 |
| TransAmerica's
Hourly Margin Calculation: |
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Margin
calculation ($89.00 less $66.85 less $15.00) |
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TransAmerica's
Hourly Margin........................................................................................................ |
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$7.15 |
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| Itemization of
TransAmerica Consultant Semi-Monthly Paycheck: * |
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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 |
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*Assuming
80-hour Semi-Monthly pay, 3-month contract-for-hire basis, Married - Zero
Withholding Allowances |
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