jlee
Lifer
Imagine if the roles were reversed and city property damaged your car, you'd get laughed in your face if you tried to charge them double your hourly rate for lost work time.
The city's insurance would likely cover repair + rental.
Imagine if the roles were reversed and city property damaged your car, you'd get laughed in your face if you tried to charge them double your hourly rate for lost work time.
I know private companies mark up costs but I figured since this is public, they wouldn't try to profit, or at least profit by that much.
It's either OT or a fully burdened rate (inclusive of benefits, time off, admin/overhead). It's always more than the pay rate. Think about your job and the non-monetary portion of your compensation.
what people 'get paid' and what they 'bill for' on invoices is not the same
that is about right
But what about billing for time lost/wasted?The city's insurance would likely cover repair + rental.
Actually those rates would include profit, as other mentioned it's about what a contractor would charge given the pay rate.You misunderstand, they are not profiting. They are charging you the full cost of keeping a person in that job which includes their benefits, insurance, equipment, the building they work in, etc.
But what about billing for time lost/wasted?
What you the city pays the employees is not what you pay the city. You need to cover the employee AND the equipment, the support, the overhead and the time. As for profit, why not? If they are charging you double the rate, then they are profiting, but not by much at all.
I caused some damage to City property.
I received an invoice, itemizing the individuals who worked to perform the repair, and their hourly rate.
My concern is that when I check out the City's current pay scale online, it's about half what they're charging me.
Examples:
1 Maintenance Supervisor for 0.5 hours @ $73.78/hr (max pay for this position is $39.38/hr)
1 Office Support Specialist for 1.0 hr @ $52.56/hour (max pay for this position is $25.20/hr)
I've got the pay scale sheets printed out for each individual and I'm planning to go tomorrow and argue that I shouldn't be paying almost double their hourly rate. I can't imagine any real justification for this...unless I'm expected to believe that the City can choose to profit on a repair, which sucks. But then I ask, why aren't the profit margins consistent for every individual?
Help...
Actually those rates would include profit, as other mentioned it's about what a contractor would charge given the pay rate.
A contractors billing rate covers employee pay, benefits, admin costs, etc. AND profit.
1 Maintenance Supervisor for 0.5 hours @ $73.78/hr (max pay for this position is $39.38/hr)
1 Office Support Specialist for 1.0 hr @ $52.56/hour (max pay for this position is $25.20/hr)
Help...