Average Wage Rates

• 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)