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You’re only route here is to request that they match the salary. Trust me if the can they will
You should tell them regarding another offer. I should match and give you offer letter ASAP if they want you there
It depends how you convey be kind and thankful and make it clear that you want to stay but you have options. If a company let's you go because you asked for what's your worth there is no long term growth there anyway
Pro
If the permanent position comes with benefits and the contract to hire has no benefits, then you are getting more than 18% with the new job.
Do you want to stay because it is familiar ? That is a common feeling. But you need to be selfish and pick what is important to you.
If your current organization matched the offer would you stay ? Would you be afraid that you missed an opportunity to grow and learn at the new organization?
Thank you both! Would I seem like a “flight risk” (as my partner put it) to my current company if I do accept any counter offer they have and stay?
Not necessarily a bad thing to be viewed as a flight risk to some extent. That will definitely come up in discussions among leadership as a factor in deciding who to promote. If you’re high performing and add a lot of value to the company, they’ll want to keep you happy through promotion and salary increases.