Rukh, Inc. lives!!! Setting prices?

[Rukh O'Rorke]

So fabulous opportunity may be coming my way to do some side work with a top tier client from oldcompany. This was not a former client of mine but former coworker is giving my name to them for a relatively small job, which may be occurring every year.

So oldco used to change 250/hr for my work, I charged 125/hr for previous freelancing, but that was lower tier work and I think that was a good price for both parties.

For this work, it is the higher level. Meanwhile, in my current position We use a lot of consultants in addition to inhouse staff, and oldco was really quite a bargain! These other venues are 2-5 times the price!


So, I was planning on pricing this out using 250/hour. Thoughts?

Noting I super want to do this!!! I want the prestige of working with this group. I could price it lower. But I can't see a cheaper option available for them, project is likely too small for most companies to want to take on, and the 250 seems underpriced as it is.

Thanks for any input!!

[Pants]

Do it! Just present it as: My hourly rate is $250/hr. I think this project will take X hours. When I have approached 75% of billed hours, I will contact you with an update on where we stand vs. estimate. I will provide 1 round of free revisions, to total no more than Y hours. Further revisions are negotiable at regularly hourly rate. 

[oped]

Does your current contract allow you to freelance?

[Rukh O'Rorke]

Looks like they decided on a larger company for this, I never heard from them  .

I'm ok with that, just a wee bit disappointed.