All sellers are required to provide a maximum day rate (including GST) for each digital service that they offer.
You can use the Skills Framework for the Information Age (SFIA) level 5 for help working out maximum daily rates. You can also view the category rates sellers have bit for specialist roles.
There are no strict limits on day rates. However, your maximum daily rate will be evaluated along with your technical and commercial capabilities. This determines your value for money.
Value for money (VFM)
Value for money is a comprehensive assessment conducted by the Marketplace on all sellers. It takes into account cost — represented by your maximum daily rate, and value — represented by your technical and commercial capabilities.
If you’ve been approved
Sellers who have been assessed and are approved as offering value for money, can offer services in that category on the Digital Marketplace Panel (SON3413842).
If you haven’t been approved
Sellers who have been assessed as not offering value for money, cannot offer services in that category. In this case, to be approved you’ll need to:
- revise your maximum day rate and re-submit, or
- update your case study to show how your technical or commercial skills justifies your maximum day rate
Sellers who joined the Marketplace before 18 June 2018
If you joined before this date, you will only be able to apply for Marketplace opportunities if you have listed your maximum daily rate for each category. You must also have been assessed by the Marketplace team as representing value for money.
If you prefer to offer digital outcomes to buyers, rather than offer individual specialists, you must still provide pricing in your profile for assessment purposes at this stage. This does not commit you to provide outcomes on this basis. If you also offer recruitment services, you will still need to provide your mark-up and margin.