Unit Rates for Cost Estimating – Six Easy Steps to Build All-inclusive Unit Rates
All-inclusive Unit Rates [thrive_headline_focus title=”Definition” orientation=”left”] A few readers asked how to build the all-inclusive unit rates. The easiest way to explain it is to start by defining it. In one short sentence, an all-inclusive unit rate includes all costs and markups that we want to recover when we use/charge that specific unit rate.
Composite Crew Rates in Cost Estimating
What Are Composite Crew Rates Detailed cost estimating best practice for determining labour and construction equipment costs is to determine the composite crew rates. The composite crew rates are the averages weighted to account for: labour and equipment cost and units, per activity/task unit of measure. Let’s say we want to determine the costs of […]