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How to use
- Enter Day rate.
- Enter Billable hours per day.
- Calculate, then review the period, scope and assumptions before using the result for pricing or planning.
How it is calculated
Equivalent hourly rate = day rate ÷ billable hours per day
Example
A 700 day rate spread across 7 billable hours gives an equivalent rate of 100 per hour, useful as a comparison reference rather than a pricing rule.
Important notes
If reserving a day blocks other work, the commercial day rate may exceed a simple hourly conversion; use this result for comparison, not value determination alone.
Worked examples and interpreting results
| Case | Calculation | Result |
|---|---|---|
| Hourly equivalent | 700 ÷ 7 | 100 |
| Day rate | 700 | 700 |
Frequently asked questions
Should I use 8 hours per day?
Use the billable hours represented by the day rate, not necessarily the total time you are at work.
Is the result a mandatory client price?
No. It is a planning result from your inputs; final pricing depends on scope, market, contract, taxes and risk.
Should I use monthly or annual figures?
Keep all inputs on the same period so annual income is not mixed with monthly hours or expenses.