Closer to 1.30, not 1.50

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 crew hour, 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 […]