CONTRACT RENEWAL

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oliver14
IJCSA Full Member

[M:50]

Posts: 30

CONTRACT RENEWAL Feb 27, 2008 10:38:42 GMT -5

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Post by oliver14 on Feb 27, 2008 10:38:42 GMT -5

Hi there,

i am about to renew my yearly contract with my commercial client in about 2 months. I am thinking that i should rise the price a little with the inflation (gas, insurance and everything else is going up...........)

How much should i go up ? about 5 % u think is reasonable ?

thanx.

smax
IJCSA Full Member

[M:50]

Posts: 9

CONTRACT RENEWAL Feb 27, 2008 22:44:56 GMT -5

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Post by smax on Feb 27, 2008 22:44:56 GMT -5

You have to figure out what it is costing you (Payroll, payroll tax, Insurance etc.) I have about 50 accounts and i just did a price increase on half of them and nobody left. 5% is very reasonable. Make sure it is enough to cover your expenses. If your expenses are more than your sales then something is not right.