I’m not from London, but i’m sure you will soon discover every editor has their own rate.
You’ve pretty much answered your own question. You have your rate…around 150 a day.
They have expressed their budget…around 120 a day.
How badly do you want the job?
Are you willing to drop your rate for a longer term project? (not unheard of to have a lower rate after a booking reaches a certain number of days)
I personally don’t have different rates for whether or not my equipment is used. I have a rate, and that is what I quote people. From there, like many business transactions, the negotiation can begin.
[Tonhito De Poi] “I heard that some people charge around £230 per day but I don’t know if that is because they edit in their own suite.”
Are you on par with those editors? Most cities have A-list editors and B-list editors and so on.
This doesn’t necessarily make them better editors, but in this world, reputation can drive a lot of business decisions as well.
Glenn