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Thread: Allocating Time

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    #1

    Allocating Time

    I am working for my customers on an hourly basis.
    Each customer tells me how many hours I may work and get paid for. I.e. I cannot bill them for more than they have allowed me. Normally, when I come close to this number of hours, they will add a few more hours into what is called in my native language. "the hours bank".

    Is there a proper English term for the billable time that has been granted to me.

    The word "allocation" comes to mind, but I assune there is an American or English term for it.

    Thank you

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    #2

    Re: Allocating Time

    I don't think this is a common enough situation to have any set terminology.

    I would probably think of it as a "budget," and you require permission from your customer to exceed your budget.

  1. BrunaBC's Avatar
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    #3

    Re: Allocating Time

    There is the word Hour bank wich means converting an employer's fixed monthly costs for fringe benefits into an hourly cost. But I'm not sure if it's that what you want to say.
    Not a teacher.

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