DAYWORK RATES Clause Samples

The Daywork Rates clause defines the method and rates by which a contractor is compensated for work that cannot be measured in advance and is instead paid based on actual time spent and resources used. Typically, this clause specifies hourly or daily rates for labor, equipment, and materials, and outlines the process for recording and verifying such work, often requiring detailed timesheets or daily records. Its core practical function is to provide a fair and transparent mechanism for pricing unforeseen or extra work that falls outside the original contract scope, thereby reducing disputes and ensuring both parties are clear on how such work will be valued.
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DAYWORK RATES. Contractor shall be paid at the following rates for the work performed under the Services Agreement, on a "Day-Rate" standard basis: 7.1 Mobilization: US$ 75,000. 7.2 Demobilization: US$ 75,000. 7.3 Operating Day Rate: US$ 750 per hour.
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DAYWORK RATES. The rates to be charged by Contractor to Operator for the use of each Rig shall be the then-current market rates being charged for similarly sized, and similarly equipped, rigs in the same geographic area, and in all events each Rig shall be contracted to Operator upon terms that are no less favorable to Operator or Contractor than those that would have been obtained in a comparable transaction with an unrelated third party. These rates will be determined at the time the Rig is appropriately equipped, ready for use and movement to a drilling location when assembled at a yard, or upon mobilization when the Rig is outfitted on a location. Mobilization, demobilization and moving rates shall include the actual expenses incurred in moving the Rig. At such times that a Rig is not employed on an Operator location or under a contract to a third party (“Idle Rig”), the rate charged therefor (“Idle Rig Rate”) shall be as follows: $8,100 per day for a 1000HP Rig, $8,600 per day for a 1350HP Rig and $10,300 per day for a 2000HP Rig; provided that during times in which the Idle Rig Rate is in effect and Contractor, in consultation with Operator, elects not to release the crew, but rather retain the crew on payroll, the Operator shall be responsible for the actual cost of the crew in addition to the Idle Rig Rate. The Idle Rig Rate shall be used as the Force Majeure Rate and rate during times of Rig repair commencing 36 hours from the event giving rise to the Force Majeure or the shut down of the Rig for repair.
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DAYWORK RATES. Contractor shall be paid at the following rates for the work performed hereunder.
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DAYWORK RATES. Contractor shall be paid at the following rates for the work performed hereunder, 4.1 Mobilization: Operator shall pay Contractor a mobilization fee of $36,000.00 plus all transport costs This sum shall be due and payable in full at the time the rig is rigged up or positioned at the well site ready to spud. Transportation costs may be such items, but limited to: trucking, cranes, documentation costs, brokerage and or customs, security fees, etc 4.2 Demobilization: Operator shall pay Contractor a demobilization fee not to exceed $120, 000.00 and a demobilization day rate per day of $ 0 per day, provided however that no demobilization fee shall be payable if the Contract is terminated due to the total loss or destruction of the rig. Demobilization fee shall be for actual labor and transportation costs
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Related to DAYWORK RATES

  • Base Rates Attached to and made a part of this Agreement is Appendix A which sets forth the straight-time hourly rates for all employees covered by this Agreement.

  • Overtime Rates All overtime hours shall be compensated at the rate of time and one- half (1-1/2).

  • Hourly Rates The following is a list of hourly billable rates that Contractor shall apply for additional services requested of the Contractor. Contractor shall be compensated based on the hourly rates set forth below, on a time and material basis for those services that are within the general scope of services of this Agreement, but beyond the description of services required under Exhibit A, and all services are reasonably necessary to complete the standards of performance required by this Agreement. Any changes and related fees shall be mutually agreed upon between the parties by a written amendment to this Agreement. Hourly Billable Rate Schedule Title Role on Project Hourly Billable Rates $ $ $ $ $ $ $

  • FIXED RATES If a fixed rate is in this Agreement, it is based on an estimate of the costs for the period covered by the rate. When the actual costs for this period are determined, an adjustment will be made to a rate of a future year(s) to compensate for the difference between the costs used to establish the fixed rate and actual costs.

  • Overhead Rates The Engineer shall use the provisional overhead rate indicated in Attachment E. If a periodic escalation of the provisional overhead rate is specified in Attachment E, the effective date of the revised provisional overhead rate must be included. For lump sum contracts, the overhead rate remains unchanged for the entire contract period.