EP 1110-1-8
(Vol. 8)
31 July 03
6. HOURLY RATES
a.
Total Hourly Rate: [based on 40 hours per week (wk)]
(Ownership Cost) + (Operating Cost)
($63.25
/hr) + ($81.99
/hr)
=$
145.24 /hr
b.
Other Work Shifts Hourly Rate:
(Refer to Chapter 3, Adjustments to Rates, for methodology.)
[(Depreciation) + [(FCCM) x (40 hr/wk) / (Work hr/wk)] + (Operating Cost)]
[4.a.(2)]
[4.b.(2)]
(example: 60 hr/wk)
[5.g.]
[($46.78
/hr) + [($16.47
/hr) x (40 hr/wk) / (60
hr/wk)] + ($81.99
/hr)]
=$
139.75 /hr
c.
Standby Hourly Rate:
[(Depreciation) x 0.50] + (FCCM)
[4.a.(2)]
[4.b.(2)]
/hr) x 0.50] + ($16.47
/hr)
=$
39.86 /hr)
[($46.78
See Chapter 3 if rate adjustments are necessary.
Figure 2-1. Equipment Rate Computation Worksheet
Page 6 of 6
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