For any subcontract precision engineering business there will be many elements that make up an estimate and subsequent quotation to a potential customer.
PSL Datatrack has provided estimating to invoicing software to precision engineers for over 35 years and during this time one of the most frequently asked questions has been: ‘What is an hourly charge out rate?’
Accurate hourly charge out rates are an essential part of the estimating process and recovery of costs such as machines, labour and overheads, in addition to the direct costs, is necessary to have a profitable business.
The PSL Datatrack Guide to Hourly Rates therefore provides an introduction to the process of calculating these figures, aiming to provide you with the means to determine whether your current estimating procedures are suited to your company’s requirements.
Whether you currently use a system or not, please email us to request more system information or your own copy of the hourly rates guide.
