Hi, my name is Collin from a company called Morad consulting , we recently purchased your software of construction templates that one can use in a construction project. Currently we are working on your MB estimating construction template, we are having difficulties in interpreting and using lbr coeficient as well as lbr rate. can you please explain this in a form of an example or a video tutorial, please share the link of any site you have that you think can be of assistance to us.
Thank you for reaching out and I’m glad to hear that you purchased our construction templates. I’d be happy to explain the lbr coefficient and lbr rate for you.
The lbr coefficient is a factor that is used to adjust the labor cost based on the complexity of the project. It is calculated by taking the total labor hours for the project and dividing it by the total number of hours that would be required for a standard project of the same type. For example, if a project requires 1000 hours of labor and a standard project of the same type requires 800 hours of labor, the lbr coefficient would be 1.25 (1000/800).
The lbr rate is the hourly rate that is used to calculate the labor cost. It includes not only the wages paid to the workers, but also the cost of benefits, taxes, and other expenses associated with employing them. The lbr rate can vary depending on the type of work being performed, the location of the project, and other factors.
To use the lbr coefficient and lbr rate in the MB estimating construction template, you would first calculate the lbr coefficient based on the complexity of your project. Then, you would apply the lbr rate to the total number of labor hours for the project, adjusted by the lbr coefficient. This will give you the total labor cost for the project.
I hope this explanation helps. If you need further assistance, please don’t hesitate to ask. Unfortunately, we don’t have a video tutorial on this specific topic, but I can recommend checking out construction industry websites or forums for additional resources.