Trades & Field Service

    Hourly rate

    The price a contractor charges per hour of work.

    Definition

    Should cover wage + burden + overhead + profit. Most trades land between $75 and $200/hr. Use a labor rate calculator to derive yours from your numbers.

    Related terms

    Labor rate

    The hourly rate billed for skilled labor — distinct from a tech's actual wage.

    Billable hours

    Time spent on work the customer can be charged for.

    Flat-rate pricing

    Charging a fixed price for a job regardless of how long it actually takes.