Time & Materials Billing for Trades: Labour Burden, Charge-Out Rates, Daywork Sheets & Capped Invoices
Bill daywork like a contractor who gets paid: burdened labour cost, billable hours and charge-out rates, daywork sheets with night call-outs and quarter-hour rounding, overtime and weekend premiums, tiered material markups, minimum charges, a weekly invoice under a not-to-exceed cap and a job review with a chart, with every cell checked as you go.
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About this course
This course follows a fictional building services contractor from wages to a paid invoice. You turn base wages into burdened cost per paid hour, take out absence and non-billable time to find billable hours, spread overhead and add a profit markup to set a charge-out rate per grade. Then you work through daywork sheets with breaks, night call-outs and quarter-hour rounding, apply overtime and weekend premiums from a rate table, mark up materials with tiered percentages, bill service calls with minimum charges, travel zones and equipment hire, build a weekly invoice under a not-to-exceed cap and review the job's margin against a fixed price.
Lessons
- Labour Burden: From Base Wage to Cost per Paid Hour Pro
- Billable Hours, Overhead & the Charge-Out Rate Pro
- Daywork Sheets: Clock Times, Breaks, Night Call-Outs & Quarter-Hour Billing Pro
- Rate Tables, Overtime & Weekend Premiums Pro
- Materials on Daywork: Line Costs, Tiered Markups & Margin Pro
- Service Calls: Minimum Charges, Travel Zones, Equipment Hire & Call-Out Fees Pro
- The Weekly T&M Invoice: Category Totals, Billed to Date & a Not-to-Exceed Cap Pro
- Job Review: T&M Margin, Effective Rate, Fixed Price Comparison & a Chart Pro