Exactly. Using a day rate has several more advantages. You can skip a lot of the bookkeeping. And companies are a lot more mindful of your time when they buy it

Exactly. Using a day rate has several more advantages. You can skip a lot of the bookkeeping. And companies are a lot more mindful of your time when they buy it by the day. If I have to join a 15 minute meeting, I lose more than just those 15 minutes. It's a context switch, I might want to prepare before hand, reflect on it afterwards. Etc. If I bill by the day, than that's fine. I'm yours for the day. Neither of us will be staring at the clock and it's not like I'll be doing anything else that day.