Premium Members David George Ellis Posted December 20, 2008 Premium Members Report Share Posted December 20, 2008 Never done this before. Again I am reminded of the importance of ACs. I'm Trying to figure out how to come up with a fee schedule for overtime and meal penalties. Do we charge for labor alone or rental? What are the time increments? Basically trying to not gouge a good client that I've worked with a few times. Don't want to shortchange myself, either. Thanks Quote Link to comment Share on other sites More sharing options...
Premium Members Alfeo Dixon SOC Posted December 21, 2008 Premium Members Report Share Posted December 21, 2008 Hey David, Great question, took me for ever to decipher the code... OVERTIME OT on wages only. So if your charging $1800 for 10 (you + kit) and your kit is $1000, then your actual rate would be the $800 for 10 which is actually and hourly for 8 hours plus the 2 hours of time and a half O.T. (1.5x). So the actual hourly rate to which overtime is based off is $72.73 an hour. RATE = HOURLY x 8 + (2 x HOURLY x 1.5) --> RATE / 11 = HOURLY Double Time is calculated after 14 hours. For the minutes, break them down into tenths for easier timecard calculations. Just divide the 60 minutes by 10, so ever 6 minutes is 1/10th or .1 on your timecard. Lets say you worked for 15 hours and 10 minutes. WAGES = HOURLY x 8 + (6 x HOURLY x 1.5) + (1.2 x HOURLY x 2) MEAL PENALTIES The meal penalty for delayed meals shall be computed as follows: First one-half (1/2) hour meal delay or fraction thereof ??$ 7.50 Second one-half (1/2) hour meal delay or fraction thereof ?.$10.00 Third and each succeeding one half (1/2) hour meal delay or fraction thereof ?..$12.50 Quote Link to comment Share on other sites More sharing options...
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