Guide to hourly rates

The many elements that make up an estimate to a potential customer must be accurately compiled. This includes a calculation of costs relating to machine use, manpower, factory overheads, admin and materials – all central to the information provided by a typical PSL Datatrack software system.

The guide aims to provide a method to determine whether a company's current estimating procedures are suited to its production requirements. The figures presented in the guide's easy-to-read tables identify many of the common possible costs that have to be taken into consideration. While the figures are illustrative, they provide useful guidance on how to apply hourly rates to an estimate.