Which one Hourly or Day rate

[TheFaQQer]

The only time I've been paid hourly was when I was working a summer job when I was 19 and we had to clock in and out.

Invoice for the day, get paid for the day.

[Scrag Meister]

In the good old days it was always hourly rates with weekly invoicing then clients/agents cottoned on that day rates could work out cheaper for them. I've hardly seen any contracts advertised with hourly rates over the past few years.

WBS

[kevpuk]

Daily is my preference, but I suppose it does depend on the contract terms too.
For example, my current gig is daily rate, and the contract schedule stipulates 1-4hrs to be billed as 0.5 day rate, more than 4hrs is day rate. Now, I suspect I wouldn't last long if I disappeared each day after 4.25hrs or so, but......
Permies tend to work a 7.25hr day, I generally get in somewhere between 35 & 40hrs a week. Happy with that, but there have been times when I have needed to spend longer, and others when I have worked less.
The only exception to all this was an occasion (Good Friday) where Client was hoping I could pull extra, to help with the quarterly release. Negotiated an hourly rate for weekend/bank holiday working of 1.5x (best I could get to, unfortunately) and this is now in the most recent extension contract schedule.

[PurpleGorilla]

I like hourly, those 15 minutes add up, and help boost the days revenue.

[CoolCat]

I always negotiate a day rate, but ask to bill hourly. Never bill more hours than a normal working day, will work longer some days, and expect some flexibility on Friday afternoons in return. But if your admin is setup for hourly billing it makes it much easier to get it through the system if you spend some time at the dentists one day, or similar (quite a lot of agencies systems just wont let you book sub days in such cases). Crazy seven day week projects I would negotiate extra hours.