How to Calculate Labor Budget (Step by Step) | ARE 5.0 PcM
Send us Fan Mail In this episode, we dive into a classic ARE 5.0 Practice Management (PcM) practice question on top-down budgeting. Using a real-world style scenario, we break down step by step how to calculate a project’s labor budget from construction costs, gross fee, consultant fees, and contingency. You’ll learn: How to calculate gross fee as a percentage of construction costWhy consultant fees are taken from the gross fee (not the construction cost)How contingency and direct expenses fa...
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