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2025SU ELC-121-02HY Electrical Estimating
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The shop average labor rate per man-hour is determined by ______ the total field labor cost over a given period of time by the total number of field man-hours over the same period of time.
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The second step in determining your break-even cost is to transfer the ______ from the Price/Labor Worksheets to the Estimate Summary Worksheet.
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The cost related to the operation and management of the company such as rent, insurance, vehicles, administrative salaries, professional fees, and so on, is known as "______."
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The actual labor cost for a job is determined by multiplying the total adjusted labor man-hours by the labor rate per man-hour.
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Step three in determining the break-even cost is to account for ______ expenses which are often not shown on the drawings, but probably indicated in the specifications.
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Since overhead is related primarily to the management of labor and not the cost of material, overhead should be applied to the ______.
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Most contractors apply overhead as a ______.
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In addition to the cost of labor, other costs associated with labor that must be taken into consideration are identified as "______" costs.
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Determining labor adjustments comes with experience and is part of what makes estimating ______.
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Another approach in determining the labor rate per man-hour is to use the anticipated ______ labor rate per man-hour.
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