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by csdvrx 1679 days ago
> “HR says they never seen such high rates”

The company isn't desperate enough! When SHTF, other concerns take precedence. Like if they have a deadline they can't hold, or a problem that has been messed up before.

> so how can you increase your rate as a software engineering contractor?

Increase steadily every year, to select companies that value your rare skillset. If you are asked at inconvenient times, practice surge pricing like Uber. It will also help you realize how acceptable such prices here.

In finance, rates >$1000/hr do exist. If I'm on vacation, there's an automatic multiplier to that, minimum of *2 in the US, more if I'm abroad.

But competent people that deliver on time (and are always available when you need them) are so rare that it isn't much of a problem.

And to protect regular clients from sticker price shock, I have a "full refund no question asked clause". But I can (and will) fire them if I think they abuse it.

2 comments

You can get higher rates, but not for extended periods of time, or as a reliable income. Only for a short time as you advise/solve an emergency issue. The highest hourly rate I've ever seen was in London for a very specific banking tax issue that only existed briefly. It was the equivalent of $7500 an hour.
thanks. when I was thinking of higher rates, I meant 400-500/hr, sustained, basically working full time for a client or half time for 2 clients each. your full refund clause sounds interesting. has that helped win clients over who would otherwise not have brought you in?