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As D1 alluded to, the project is likely looking at your fully burdened rate, not your direct labor rate. The burden is significantly higher for traditional track practitioners.
For traditional there are more benefits like pension, paternal leaves, more bonuses etc etc. although I think salary offers for traditional are more than PDM.
Agree with both D1 and D2. Salary is just a fraction of how much you cost Deloitte. And the money they put into traditional people is far more than they do PDM. In addition to benefits already mentioned, traditional also gets more PTO, currently PTO that counts towards utilization, higher bonuses, more training and growth opportunities, and much more.
PDM salary is lower than traditional no doubt