Day rates when things go wrong..

[topchippyles]

Just now, eggsarascal said:

That's probably gone well over his head.

Muppet get back to your shovel 😆

[Mark J]

You can always throw more people/kit at job, making a 'days' work into a half day.
If I was getting a contractor in on a day rate the amount of expected days would be agreed before hand. If we finished a day ahead of schedule the contractor would still get the days.
If the contactor took four days to do the agreed three days work, they'd get three days money.

I'm not sure day rates work in domestic arb.

Edited June 6, 2021 by Mark J

[topchippyles]

3 minutes ago, Mark J said:

You can always throw more people/kit at job, making a 'days' work into a half day.
If I was getting a contractor in on a day rate the amount of expected days would be agreed before hand. If we finished a day ahead of schedule the contractor would still get the days.
If the contactor took four days to do the agreed three days work, they'd get three days money.

That is not a day rate is it mark ? that is an agreed price for days the will job will take between both parties. 

Edited June 6, 2021 by topchippyles

[Mark J]

Just now, topchippyles said:

That is not a day rate is it mark ? that is an agreed price for days job with take between both parties. 

Can you elaborate? I'm not sure what you mean.

 

[topchippyles]

1 minute ago, Mark J said:

Can you elaborate? I'm not sure what you mean.

 

Your are really agreeing a price before hand not a day rate 

[Mark J]

2 minutes ago, topchippyles said:

Your are really agreeing a price before hand not a day rate 

Nope, you agree on a fee for the duration of the contract. A contract can be hours, days or years.

Edited June 6, 2021 by Mark J

[topchippyles]

4 minutes ago, Mark J said:

Nope, you agree on a fee for the duration of the contract. A contract can be hours, days or years.

How long is a piece of string scenario. I sub contract to 2 firms from time to time and my day rate is £25 hourly as a chippy or £200 a day so how ever many days/hrs i work that is what i get paid regardless of how long a job takes. That is why its called a day rate 

[josharb87]

20 minutes ago, topchippyles said:

That is not a day rate is it mark ? that is an agreed price for days the will job will take between both parties. 

Agreed

 

Day rate would mean paying for the 4 days Mark, asking for day price, multiplying it by the estimated time - 3 days, and locking the price is now a fixed price.

 

[topchippyles]

4 minutes ago, josharb87 said:

Agreed

 

Day rate would mean paying for the 4 days Mark, asking for day price, multiplying it by the estimated time - 3 days, and locking the price is now a fixed price.

 

Totally josh which is why a lot of the lads have mentioned they avoid it where possible. Day rate is used in construction a lot so different to arb work. Big J uses guys on hourly rates i believe but then that is cutters in forestry work. 

[eggsarascal]

18 minutes ago, topchippyles said:

How long is a piece of string scenario. I sub contract to 2 firms from time to time and my day rate is £25 hourly as a chippy or £200 a day so how ever many days/hrs i work that is what i get paid regardless of how long a job takes. That is why its called a day rate 

Correct, and the same money when not using my equipment, hand/power tools aside.