Hourly rate or price work?

[flipFlop]

Um, it doesn't mean anything to you. That doesn't mean that other people don't understand what the term means.

Um, are you a person that knows what, um, "price work" means? If so, um, please explain it.

[flipFlop]

Honestly , I dont see how that will affect what the question potrays.

Any English Teacher here ?

Yes. I taught English.

[Boo]

What trade you are in? This forum is dominated by people who work in IT and we are almost always on a daily rate after hourly rates disappeared years ago. Price work is pretty rare unless you have an established business.

That's not my experience - I've never accepted a daily rate contract and have no intentions of doing so. Far too much risk of controversy about what hours should be worked for that, I work any hours the client needs but they gots to pay...

Boo2

[rurffy]

That's not my experience - I've never accepted a daily rate contract and have no intentions of doing so. Far too much risk of controversy about what hours should be worked for that, I work any hours the client needs but they gots to pay...

Boo2

This should be specified in your contract . usually day rates are (7.5 hrs) - some client would want 8hrs ,in that case i increase my rate - But the good thing about day rate is that you could even work 7hrs and bill for a day . So yea i prefer day rates ...

[No2politics]

Um, are you a person that knows what, um, "price work" means? If so, um, please explain it.

It means fixed price work. You agree the cost of the work up front, and get paid the same regardless of how long it takes.

I have heard this term used before

[flipFlop]

It means fixed price work. You agree the cost of the work up front, and get paid the same regardless of how long it takes.

"Fixed price work' means something, "price work" doesn't mean anything.

"Price work" does not mean "fixed price work". "Price work" means nothing.

[ContractorsSpouse]

potatoes / potatoes

(OK, I guess the potatoes/potatoes thing doesn't work when you write it down ) So let's assume (as I did) that the OP was thinking Fixed Price versus Time & Materials, and that they will confirm/correct this in due course...

We only engage on a T&M basis, since the projects we typically engage in are not nailed down sufficiently in advance to agree a fixed price.

FWIW, we only work on a day rate, but that's primarily because we typically engage on-site, and it wouldn't make sense to use an hourly rate when blocking out a full day and incurring costs on a per day basis. Perhaps working from home and/or working for multiple clients within each day would warrant billing on an hourly basis...

HTH