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The base rate for labor is $15/hr. The labor burden is 35% and 3% for small tools for the labor. There are 1000 units to install. Records indicate that trade workers can install 10 units per hour, per trade worker. The owners need 15% overhead and profit to pay bills, pay interest on loan and provide some profit to the partners. What is the minimum bid assuming no risk avoidance factor?

The base rate for labor is $15/hr. The labor burden is 35% and 3% for small tools for the labor. There are 1000 units to install. Records indicate that trade workers can install 10 units per hour, per trade worker. The owners need 15% overhead and profit to pay bills, pay interest on loan and provide some profit to the partners. What is the minimum bid assuming no risk avoidance factor?

Fundamentals Of Construction Estimating
Fundamentals Of Construction Estimating
4th Edition
ISBN:9781337399395
Author:Pratt, David J.
Publisher:Pratt, David J.
Chapter13: Pricing Subcontractors' Work
Section: Chapter Questions
Problem 2RQ
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The base rate for labor is $15/hr. The labor burden is 35% and 3% for small tools for the labor. There are 1000 units to install. Records indicate that trade workers can install 10 units per hour, per trade worker. The owners need 15% overhead and profit to pay bills, pay interest on loan and provide some profit to the partners. What is the minimum bid assuming no risk avoidance factor?

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