I use contracted times with the amendment, "It's fine if your late, you will pay the amount in overage charges on your next bill."

I charge by pickup times and use a really general structure:

Pickup before 4 is xx
Pickup before 5 is xx
Pickup by 5:30 is xx

It doesn't bother me is parents are late, because they automatically are charged a fee. If dcb stays for another 5 minutes, and it's past 4, parents pay an extra $5. But they could also stay the whole hour.

Now, if parents show up after 5:30, late charges are STEEP.

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