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Dear Friends
Today I got a new thumb rule from my manager
That is 22% of the project cost is the Budgeted manhour.
Is this statement is correct .Please help me my dear friends...
Regards
Arun Vasanth
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Hi Vasanth,
Some times it depends on the High,low and medium Production rates.
That figure may be varying depends on the projects and the country wise..
Regads
Sunil.
Some attributes about the project type - building/civil, structures/earthwork, design-build/unitCost, project type, selfPerformed/constructionManaged, union/non-union, other attributes you think of. The general answer without project attributes, from historical data gathered in Western North America: High 40%, Low 20%, average 30%, standard deviation 5%, sample size 100 projects.
Email: PPadmin@planningplanet.com
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