What labor rate should I use on my estimates?
The right labor rate depends on whether you do the work yourself or have a team.
You're an owner/operator
Build your estimates with your charge rate. As an example, the rate goes in the Unit Cost of a Labor row, with the hours as the quantity.
You have a team
Use a blended rate, or use each person's charge rate based on the task. As an example, if a lead and a carpenter frame together, add two separate cost item rows, one for each charge rate.
If you use a blended rate
Make sure it's high enough to give you a good margin on your top-paid employees.
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