Just trying to understand the logic of premium time. I receive my monthly application from sub-contractor. They claim 38 hours @£25 an hour, then for overtime they claim premium time. For example 5 hours @ £10 an hour
So client pays sub contractor
38hrs @ £25 = £950
5hrs @ £10 = £50
TOTAL £1,000
Question is… why is the premium time lower than the actual hour rate (are these costs only for the individual or only for the company? – why is the client not paying extra for over time
Currently an option C - NEC