The Additional Costs and Expenses To Be Considered As A Contract Pilot
Aug 29, 2024
As A Contract Pilot, your compensation isn’t limited to just your day rate. There are additional costs and expenses that you should consider when negotiating your PSA Contract that is crucial in formalizing the relationship between you as the contract pilot and your client. It helps to ensure that both parties understand and agree to the terms of the engagement. These expenses reflect the true cost of your services and ensure that you are fully compensated for the value of your time and expertise.
Key Additional Costs and Expenses
Travel Expenses
When you’re required to travel for a contract, your transportation costs should be covered. This includes airfare, ground transportation, and any other related travel expenses. It’s essential to clarify whether these costs are included in your day rate or billed separately.
Per Diem
Per diem is a daily allowance for meals, lodging, and other incidental expenses when you’re away from your home base. This is typically negotiated separately from your day rate and is meant to cover your living expenses while on assignment.
Hotel Accommodations
If your contract requires overnight stays, your accommodation costs are covered. It’s important to discuss the quality and location of hotels to ensure they meet your standards and are conveniently located relative to the airport or your operating base.
Training and Certification Updates
Certain contracts may require you to undergo specific training or certification updates. Whether it’s recurrent training, type rating renewals, or specialized courses, the costs associated with maintaining your qualifications should be accounted for in your compensation. Make sure to clarify who is responsible for covering these expenses—whether it’s you or the client.
Click To CONNECT With Other Pilots Who Fly Your Specific Aircraft, 👉 https://www.theprofessionalpilotnetwork.com/the-professional-pilot-forums
Uniforms and Equipment
Some contracts may require you to wear a specific uniform or to use specific equipment. Any costs associated with purchasing or maintaining these items are reimbursed by the client. Ensure that this is discussed and agreed upon before signing the contract.
Medical and Insurance Expenses
If a contract requires you to maintain specific medical certifications or insurance policies, these costs should be factored into your compensation. While some employers may cover these expenses, others may expect you to bear the cost. Clarifying this upfront is essential.
Positioning Flights
If you need to reposition to another location before starting a contract, the cost of these positioning flights are covered by the client. This ensures that you’re not out of pocket for getting to the job site.
Visa and Immigration Costs
For international contracts, you may need to obtain visas or other immigration documents. These costs should be reimbursed by the client, as they are necessary for you to fulfill your contract duties.
Negotiating Additional Costs and Expenses
When negotiating a contract, discussing these additional costs and expenses is important. Make sure that all potential expenses are clearly outlined in the contract and that there is a mutual understanding of who is responsible for covering them. This transparency will help you avoid any unexpected out-of-pocket costs and ensure that your compensation reflects the true cost of your services.
The Professional Pilot Network [PPN]
It is important that you stay competitive and ensure that you’re fully compensated for all aspects of your work as a Contract Pilot.
Visit The Contract Pilot Aircraft Day Rates Database on The Professional Pilot Network [PPN]. This resource will provide you with the latest Day Rates and tools so that you can negotiate effectively and secure the compensation you deserve.
Make sure that every aspect of your work is valued and compensated. Don’t overlook the additional costs and expenses that come with being a contract pilot. It’s important to maintain the highest standards so that you and your peers are always in the best position to COMMAND what your hard work and dedication as a professional aviator always deserve.
New Job And Contract Opportunities With The Contract Pilot X Change
CLICK To Learn More About The Steps To Be A Successful Contract Pilot Along With Ongoing Access To NEW Job And Contract Opportunities Through The Contract Pilot X Change,