Put down a detailed step-by-step plan of your proposed piping project. Include different phases and stages, clearly indicating what needs to be done and how. Acknowledge any need for special equipment and tools. Make use of existing project models or electronic representations to fully visualize the completed project. Fill in any missing parts.
Determine your labor’s size and structure using your project plan. Contact your jurisdiction’s labor department to gain knowledge of current minimum and average wage rates for different piping jobs. Use the information obtained to make rough estimates of the possible expenses for every job group and specification; that is, estimate the costs of labor, from engineers and surveyors to machine controllers and contract workers.
Multiply daily or hourly wage rates by expected days of work. Factor in wasted days, where work may be hampered by poor weather or machine malfunction. Check calendars for any upcoming holidays; you may be forced to pay higher wages on these days to compensate employees for forfeited leisure.
Approach a licensed life insurance company to get a quotation of your likely workers’ compensation expense. Differentiate your hypothetical proposals, as different employee groups may require different policies. Inquire with your servicing agent on the availability of group discounts. Factor these in, once you obtain your estimated insurance costs.
Include an appropriate amount toward medical expenses -- food, too, if you intend to feed your employees. Factor in transportation costs as well, where your employees will be provided transportation. Put in mind areas covered and current fare prices, and whether you’ll provide single or round trips.
Review your estimated costs. Double check them for practicality, avoiding underestimations to the best of your ability. Make the necessary corrections.
Create a spreadsheet document, recording more than four columns. Input text descriptions of all factored costs in the first column. Fill in corresponding costs in the succeeding column. Highlight the last figure and click on your spreadsheet’s underline icon to add a single underline beneath it. Use your spreadsheet’s summation formula to get your total estimated labor.