The construction industry is known for its complex and fluctuating costs. To effectively budget for a construction project, it’s essential to consider all the different labor costs. Here are some ...

The employee labor percentage is a measure of your labor costs compared to your total expenses. Understanding the labor percentage allows a small business owner to see whether labor is a main driver ...

The Construction Labor Productivity Calculator from Stevens Construction Institute measures “what is produced and billable for the cost (or hours) expended.” The app can be used to determine ...

Direct labor rates are the labor costs directly resulting in the production of a product or delivery of a service. These costs include wages as well as payroll taxes, insurance, retirement matches, ...

NASHVILLE, Tenn. (WTVF) — Have you ever wondered how auto mechanics calculate labor costs? Does a fan belt cause your check engine light to come on? What causes rust on a vehicle? On this episode on ...

When you calculate direct labor costs by multiplying an hourly rate by the number of hours worked, you won't end up with an accurate figure. The correct labor cost calculation includes federal, state ...