Trades & Field Service
Labor rate
The hourly rate billed for skilled labor — distinct from a tech's actual wage.
Definition
Formula: (wage × (1 + burden%)) + (monthly overhead ÷ billable hrs) × (1 + profit%). For a $28/hr tech with 25% burden, $4k overhead, 140 billable hrs, 25% profit: ~$80/hr break-even, ~$100/hr billable.