Reply to: Hourly rate or price work?

[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

[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.

[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

[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 ...

[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

[flipFlop]

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

Any English Teacher here ?

Yes. I taught English.

[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.

[rurffy]

"price work" does not mean anything.

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

Any English Teacher here ?

[Wanderer]

"price work" does not mean anything.

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

[flipFlop]

I am looking at jobs in the U.K, but, having never worked there before, which is better hourly rate or price work?

"price work" does not mean anything.

[rurffy]

I think you've misunderstood the question, probably due to the OP's poor punctuation.

You could rephrase for him/her ...

[Bunk]

That is rather a broad question - i think better hourly rate for me would be £80/hr (Well i would love to earn that though lol ). However, you have provided us with little or no information to answer your vague question.

If i was in your shoes, i will start by telling us what you do ? how many years experience you have , etc...

I think you've misunderstood the question, probably due to the OP's poor punctuation.

[rurffy]

I am looking at jobs in the U.K, but, having never worked there before, which is better hourly rate or price work?

That is rather a broad question - i think better hourly rate for me would be £80/hr (Well i would love to earn that though lol ). However, you have provided us with little or no information to answer your vague question.

If i was in your shoes, i will start by telling us what you do ? how many years experience you have , etc...

[yasockie]

Personally I have always tried to structure is such that a business day is 7.5hours and anything above that they have to pay me hourly rate for overtime.
In practice it rarely went beyond. On the plus side on no day did I charge less than a days work, so it's not either/or.

[Wanderer]

I am looking at jobs in the U.K, but, having never worked there before, which is better hourly rate or price work?

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.

If you are working on a building site contract then my understanding is that it's probably going to be price work though you will be up against stiff competition from people over from Eastern Europe.