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I’ve always done hourly for this exact reason.
I do day a comfortable day rate ($1400-$1600 average) and stipulate that it covers up to 10-hour days, and that anything outside that or on weekends is billed at $200/hr.
I expect hourly. I'll hire people for four months with like 600 hours in the budget sometime and I expect actuals, and I pay actuals.
I’m good with a day rate, provided that I specify my 8-hour availability in my contract and a rate for overtime outside those hours. Works out just fine! But yeah if you have a day rate without your avails in the contract, that’s on you.
I just do time and a half of an hourly rate. Hourly rate is usually a bit higher anyhow since there’s so much fluidity in whether I’ll be working or not. Ultimately it depends on how much you want to scare them off from overtime, but time and a half is reasonable imo.
I set my day rate on duration of the project for this exact reason. With no info, I bill 10x my hourly rate. If I know it’s a sprint, up to 14x. No one’s complained so far.
Thanks—so just to clarify, before you commit to the project or offer up a day rate, you’ll have a call to suss out how demanding you think the pace will be, and then you provide them with a custom day rate accordingly?
100%. I’m always surprised at the amount of people on here who keep preaching day rate. Yes it’s good if you know there will be a lot of down time, but for busy times, hourly all the way. And if you’re W2, you get overtime
I'm on a job right now that I thought was going to be super intense but instead we have is k ike one weekly check-in on easy projects. So there really are two sides to this.
Hourly is fine it’s just much harder to keep track of. I often feel like I’m either shortchanging myself or overcharging.
I mainly do hourly. I do a lot of pharma and with the constant changes, I make much more.
Double hours equals two days. Simple is that. Anything over 10 hours gets into two day territory. State that at the beginning.
So if you worked two 12-hour days, you’d bill for three or four days?
okay new to this, if I'm on hourly and I'm jut waiting for next steps...do you bill those hours you are waiting
Bill ‘em.