Executive Summary A common mistake in estimating is the cost of an overtime manhour. Overtime is generally not one and one-half times the straight time rate. It’s usually closer to 1.30. What’s in a labor rate? A labor rate is a combination of three numbers: the base rate, the tax, […]
An Hour’s not an Hour, and it’s Certainly not a Day
Executive Summary There are differences in an hour: a manhour, a crewhour, a 50-minute hour. And an hour’s not a day, so there is another calculation for a manday. Here is a quick explanation of these estimating terms. Definitions There are several ways to estimate the cost of construction work. […]