billing rate
Fee per hour
A billing rate is the amount charged per unit of time for professional services—typically hourly or daily.
Law firms, consultants, and contractors quote billing rates to clients: Her billing rate is $450 an hour.
The rate usually exceeds what the worker actually earns, covering overhead and profit margin.
- hourlyOnce each sixty minutes
- billable hoursWork hours invoiced to clients
- invoiceItemized billing statement
- line itemDiscrete budgetary allocation
- feePayment for service
per hour · charge · consultant · lawyer · freelance · timesheet · client · contract · negotiation · premium · discount · overtime · time and materials · estimate · quote · cost estimate · scope creep · billable