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Hello NIshit thank you for your message, your 500 is 210 more that company has offered you,
i think you should have gone for that as planning had more tasks on Communication Tool project after PHP 8 upgrade.
As per experience some time developers take an offer but at the end of the day still getting more funds on other jobs across the project.
This is why company calculate their expenses as when planning budgeting some jobs they plan more funds to spend on other tasks that are not yet released.
Any way i will send your message to the team will see what they say.
Cheers