Price Book

The guaranteed minimum volume of work a client commits to a subcontractor over a contract period. It provides predictable revenue and helps justify keeping crews and equipment on standby. Subcontractors use base load commitments to stabilise cash flow between project spikes.

A fixed daily fee charged by a subcontractor or equipment provider, regardless of hours worked or output produced. It covers labour, equipment, and overhead for that calendar day. Dayrates are common in drilling, rental, and specialised field service contracts.

The process a prime contractor or operator uses to review, approve, and finalise invoices before releasing payment to subcontractors. Understanding the settling system helps subs forecast cash flow and avoid payment delays. Timelines vary widely between clients, so confirm the cycle before mobilising.

A breakdown of costs on a field ticket or invoice, separating charges into labor hours, equipment usage, and materials consumed.

The current market rate for materials, fuel, or equipment rentals purchased for immediate delivery. Spot prices fluctuate daily, directly affecting your job cost estimates and margins. Locking in rates early can protect subcontractors from sudden price spikes mid-project.

A pricing model where the contractor bills for actual time spent and materials used, plus markup. Common for work where scope is uncertain.

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