How to price field service work for independent contractors
April 1, 2019
April 1, 2019
Every job is different, and that means different jobs require different pricing models.
This poses a challenge: which payment structure should be used for which job?
There are four common pay structures for field service work:
With these options in mind, here are some things to think about when finding a pricing model fit for your project.
The technician is paid a predetermined rate that does not fluctuate. Businesses often use bonuses and penalties to encourage faster work (i.e. 10% bonus if the technician finishes in one hour, 10% penalty if they have to come back to fix it.)
Use cases & benefits:
Instead of predetermining the final pay, businesses predetermine an hourly rate. Unlike the fixed structure, total pay depends on how long the work takes to complete.
Use cases & benefits:
Technicians are paid per device serviced. Pay per device is predetermined based on scope of work.
Use cases & benefits:
A fixed-rate for a predetermined set of hours, plus an additional hourly rate if the job goes over the predicted time.
Use cases & benefits:
To access skilled resources across the U.S. and Canada, turn to thousands of pre-vetted technicians on the Field Nation platform with skill sets across 20+ service types. Pay technicians based on a fixed, hourly, per-device, or blended rate. With Field Nation Basic, you’ll be able to see pricing suggestions for on-demand labor, and with Field Nation Premier, you can leverage our MarketSmart™ Insights tool to access real-time pricing data from 3 million+ field service jobs to create competitive bids on your next RFP.
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