Logic prevails
First-principles rates mean no guesswork. We construct each unit cost from first principles and evidence it with market supply rates and productivity that stands up to scrutiny.
Our first-principle build-ups expose the cost drivers for each component — material budgets, cartage costs, waste allowances, any fixing and material allowances, labour hours and margins.
Loosing jobs using 'book-rates' that you cant refine or talk to due to a lack of transparency?
Give us a call or email directly to see where the gaps in your rates are.
The principal stays the same.
Exactly.
Rate Inputs
We need your company material supply rates, any agreed cartage costs and labour charge out rate. We look at the project scope of work to determine waste, plus any other access, fixings or sundry items that are required.
Depending on the rate being built, we can assign an industry average labour constant to begin, then refine that based on actual labour budget outcome to reflect your teams output for each unit rate line item.
We can include risk margins plus company off-site overheads within each rate. Alternatively, we can exclude margins from your commercially sensitive rates for you to assign prior to submission.
With the rate now complete, send through the items quantity and unit of measure so we can extend each line item out into total budgets, including total labour hours, days, weeks etc.
Receive a copy of the workbook with all inputs and outputs for each rate. This makes updating the rate(s) due to a material or scope change super simple.
Covering Letter
We itemise all rate inclusions with their respective total budget based on your supplied quantity. Labour rates and total hours per unit are clarified along with any margins you provide to include.