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Understanding the Biggest ‘Factor’ in Your Estimate, Labor Rates

Author: Joe Bauer

Category: Presentations

Monetized labor hours typically make up a significant portion of an estimate. As we calculate labor requirements, it becomes critical that we understand the “factors” used to turn those hours into dollars. In this presentation, we will discuss how labor rates are managed within the PRICE Cost Analytics™ (PCA), our framework, as well as how those rates are used to calculate cost. We will also cover the application of hourly rates and annual rates, burdened and unburdened. We will share with you how the default PCA rates are obtained. More importantly, we will demonstrate several methodologies for you to incorporate your own labor rates into an estimate! (See recording for more details)

Understanding the Biggest ‘Factor’ in Your Estimate