that’s exactly what i was getting at.
For example:
Hourly rate of laborer…$20
fringe/benefits (79% rate/hr)…$15.80
insurance (35%/hr)…$7
SHIFT Premium at 17%…$7.25
Overtime…@50% std pay + SP…$13.63
Regular = $42.80/hr
Overtime = $63.68/hr
BEFORE LABOR MARKUP… add 35% for company profit and your looking at a $20/hr job costing the consumer $85.96/hr on OT.
Now add in:
Cost of Living Buffalo (Davis Bacon rate)…$65/day per person
Materials/consumables (i.e saftey equipment)… ~$5/day per person
it all adds up very quickly and this is just for Labor… now factor in equipment costs (including maintanence and fuel)
EDIT: Go to any auto service station and you’ll see the hourly rate is $70/hr (minimum)… does this mean the guys working on your car or getting $70/hr? no.
EDIT: [size=2]added Shift Premium for working 2nd shift, i screwed up and listed the 17% as Overtime pay. Overtime Pay has been added[/size]