• Average man-loading 3 men
• Journeyman’s hourly rate $17.00
• Helpers hourly rate $12.50
• Number of hours in contract 2,910
• $17.00 (Journeyman)
12.50 (Helper)
+12.50 (Helper)
$42.00 (Total hourly pay)
• $42.00 (Total hourly pay) /3 (average man-load) = $14.00 average hourly rate
• $14.00 (average hourly rate) x 2,910.00 (total hours) = $40,740.00
• $23,280.00 x .22 (taxes and insurance) = $8,962.80.
• $40,740.00
+8,962.00
$49,702.80 (Total labor cost)