What % of your standard rate do you charge for "stand by'?

I'm negotiating an ongoing contract where the workload would be 3 days worth of hours but spread over the week. The weekly hours are capped at 24. But these hours could broken whichever way/ whichever day depending on weekly needs.

For the rest of the time, I'd be on stand by and trying to fill those with other client work would be a pain

How much would you charge for the wait and see?

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I personally wouldn’t do that. Either they can pay me hourly but I get to do the work on my own time, or they have to pay my full day rate.

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I would run from that contract. Sounds like they're trying to get you at their beck and call for full time and only pay you part time.

I would tell them your standby rate is the same as your hourly rate.

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You could also make your hourly rate for the 24 hours a week high enough that you're compensated the same as if you were working 40 hours a week at a your normal rate.

To clarify, the gig is remote. If all the work lands the first 3 days, I'm done for the week and can just chill until next brief intake the next week.

I would still charge for five days. Your smaller projects could end unexpectedly (unless they’re personal projects), leaving you with time you can’t fill.

If you really want this three day/week project, you have to decide how much it’s worth to you, but I wouldn’t let a company reserve my time without paying for it, unless they cancel the reservation ahead of time.

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I would only do that arrangement if you really want to do the project - and let them know that you’re not on call during the 5 days, the work would have to be on your schedule

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