Daily rates and hourly rates Daily rates and hourly rates
Page 1 of 2 12 LastLast
Posts 1 to 10 of 18
  1. #1

    Ddraig Goch

    psychocandy - scorchio!


    Join Date
    Apr 2011
    Location
    Cymru
    Posts
    10,407

    Default Daily rates and hourly rates

    Going back to contracting after 10 years away. One thing I notice is that it all mostly seems to be daily rates rather than hourly rates these days?

    In the past, it was a case of work more hours in a week, get paid more. Do clients now expect overtime as part of the daily rate for free? Or do you still consider a 'day' to be 7.5 hours or so?

    Just a bit concerned that I'm going to bump into a client who expects 12 hour days for his 'daily' rate !!!!

  2. #2

    Faqqed Off

    TheFaQQer is a fount of knowledge

    TheFaQQer's Avatar
    Join Date
    Oct 2006
    Posts
    36,488

    Default

    Ensure that the contract defines a professional working day, if you are worried about it.

    Simples.
    Best Forum Advisor 2014
    Work in the public sector? You can read my FAQ here
    Click here to get 15% off your first year's IPSE membership

  3. #3

    Contractor Among Contractors

    Ignis Fatuus has no reputation


    Join Date
    Aug 2010
    Posts
    1,318

    Default

    Quote Originally Posted by psychocandy View Post
    Just a bit concerned that I'm going to bump into a client who expects 12 hour days for his 'daily' rate !!!!
    You will. That's why they do it.

    There is always a risk that more work will be needed than has been planned for. With an hourly rate, the client is taking that risk. The "professional day" is a way of transferring the risk from the client to the contractor. IMHO that risk is higher when the party creating the risk (the client) is not the party taking the risk (the contractor).

    Your rate should take this risk into account, if it doesn't then contracting is not a good deal.
    Job motivation: how the powerful steal from the stupid.

  4. #4

    Ddraig Goch

    psychocandy - scorchio!


    Join Date
    Apr 2011
    Location
    Cymru
    Posts
    10,407

    Default

    Quote Originally Posted by Ignis Fatuus View Post
    You will. That's why they do it.

    There is always a risk that more work will be needed than has been planned for. With an hourly rate, the client is taking that risk. The "professional day" is a way of transferring the risk from the client to the contractor. IMHO that risk is higher when the party creating the risk (the client) is not the party taking the risk (the contractor).

    Your rate should take this risk into account, if it doesn't then contracting is not a good deal.
    Rate per hour changes dramatically if your paid a daily rate and expect to work 12 hours as opposed to 7.5 !!!!!!!!

  5. #5

    Ddraig Goch

    psychocandy - scorchio!


    Join Date
    Apr 2011
    Location
    Cymru
    Posts
    10,407

    Default

    Quote Originally Posted by TheFaQQer View Post
    Ensure that the contract defines a professional working day, if you are worried about it.

    Simples.
    Is it normal to insist on this?

  6. #6

    Faqqed Off

    TheFaQQer is a fount of knowledge

    TheFaQQer's Avatar
    Join Date
    Oct 2006
    Posts
    36,488

    Default

    Quote Originally Posted by psychocandy View Post
    Is it normal to insist on this?
    It's called negotiation.

    If you want something in the contract, then negotiate and get it in the contract. If you want a red carpet welcome on day one, it's not normal to insist on it, but if it's something that you want then that is what you need to do - no-one else is going to wipe your nose for you and get you what you want.

    You seem to worry too much about what other people think and want - you are in business for yourself and no-one else, so start acting like a business.
    Best Forum Advisor 2014
    Work in the public sector? You can read my FAQ here
    Click here to get 15% off your first year's IPSE membership

  7. #7

    Should post faster

    StopTheEarthIwantToGetOff has no reputation

    StopTheEarthIwantToGetOff's Avatar
    Join Date
    Sep 2010
    Location
    North West
    Posts
    115

    Default

    Its very simple if the contract states a professional working day then work a minimum of 7.5 hours (not including lunch). I don't believe that contractors should hang around every evening until the cleaners have even left. No one will think better of you for it, in fact it will more than likely piss off all the permies.

  8. #8

    Contractor Among Contractors

    b0redom has more data than eek

    b0redom's Avatar
    Join Date
    Jun 2007
    Posts
    1,339

    Default

    I usually have the conversation very early on in the contract:

    There are times you will want me to work longer than 8 hours (or whatever you're signed up to). Do you want me to:

    a) Down tools and leave
    b) Pay overtime
    c) Have a gentleman's agreement that if I work 10 hours one day I can claw some back another day when things are quiet

    Almost everyone says c.

  9. #9

    Nervous Newbie

    Virtual Lover has no reputation


    Join Date
    Mar 2011
    Posts
    13

    Default

    I wouldnt sign the contract until it said 40 hours per week and I'm on a daily rate, which is grate as they work flexi time so I dont have to be up before I go to bed to in work monday morning or hit the rush hour on friday to travel home. Its stuff like this you should ask your agent once you get the offer.. i always do.. I signed a 40 hour a week spread over 5 days contract for a massive US company doing a goverment job in Leeds, they thought I would sleep under desk like the dum permies working there.. in the end I nearly made 50% on the contract.. they even asked me if I would drop the overtime invoice for a renewal .. !!!! Put it this way 18 months later an agent asked me if i wanted to take another contract with them.. i wasnt in work at the time but I still held out for something else.. and it paid off with a dream contract... oh and if they ask you to work say Sat morning.. thats a full day evening if you go home at 11:00.. frankly if they are takng the piss you dont want to go back anyway so make sure before you sign anything to ask about - out of hours -overtime - and on call payments.

  10. #10

    Super poster

    Wodewick has no reputation


    Join Date
    Aug 2010
    Location
    Armpit Ville
    Posts
    2,109

    Default

    Quote Originally Posted by Virtual Lover View Post
    I wouldnt sign the contract until it said 40 hours per week and I'm on a daily rate, which is grate as they work flexi time so I dont have to be up before I go to bed to in work monday morning or hit the rush hour on friday to travel home. Its stuff like this you should ask your agent once you get the offer.. i always do.. I signed a 40 hour a week spread over 5 days contract for a massive US company doing a goverment job in Leeds, they thought I would sleep under desk like the dum permies working there.. in the end I nearly made 50% on the contract.. they even asked me if I would drop the overtime invoice for a renewal .. !!!! Put it this way 18 months later an agent asked me if i wanted to take another contract with them.. i wasnt in work at the time but I still held out for something else.. and it paid off with a dream contract... oh and if they ask you to work say Sat morning.. thats a full day evening if you go home at 11:00.. frankly if they are takng the piss you dont want to go back anyway so make sure before you sign anything to ask about - out of hours -overtime - and on call payments.
    I honestly don't understand most of that but in particular:
    what does
    in the end I nearly made 50% on the contract.. they even asked me if I would drop the overtime invoice for a renewal
    mean?

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •