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| Description |
You will develop a strong foundation in wrap rate development and its application to cost estimating with this Online Training (OLT) course. You’ll gain the skills to define key terms such as wrap rate, direct labor hours, and efficiency rate, and learn to use these concepts to estimate contractor hours for task completion. This course also dives into the three components of a wrap rate—direct labor wage rates, overhead costs, and other costs—exploring how each is calculated and influenced by various factors.
Through practical examples and guided exercises, you will:
- Calculate wrap rates and Fully Burdened Labor Rates (FBLR) using provided data.
- Contrast concepts such as standard hour vs. labor standard.
- Understand methods for projecting wage rates, wrap rates, and fully burdened labor costs into the future.
By the end of this course, you’ll be able to confidently apply these calculations to real-world cost estimating scenarios, ensuring accurate and efficient project planning.
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Objectives
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Download Course Objectives
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Target Attendees
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Acquisition workforce members at any level involving in assessing contractor cost and labor rates.
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Prerequisite(s)
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None
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Predecessor Course(s)
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| Predecessor |
Predecessor Course Title |
PDS Code |
Expires On |
| None |
None |
None |
None |
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Course Length
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Approximately 2 hours to complete
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Additional Course Information
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| Delivery Mode |
Online Training
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| Equivalent Courses |
None |
| Availability |
All
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| PDS Code |
A78 |
| Walk-ins Authorized |
N/A
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| Pre-work required |
No
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| First Offering |
3/11/2025
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| Required for: |
Credential
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| ACE Recommended Credits |
None |
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Continuous Education Units |
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| Continuous Learning Points |
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| Reservist Retirement Points |
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Historical Allocations |
Mouse Over for Past CEU/CLPs
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| Fulfillment Eligible |
N/A
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| Technical Requirements |
Click Here |
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Notes
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Additional Information:
- Any exams in this course must be passed with a minimum score of 80%.
- There is no time limit for completing this course.
- After completing the course, please be sure to complete the survey at the end.
- The Continuous Learning Points (CLPs) assigned to this learning activity may be used to meet professional certification and/or licensure requirements, for example, Professional Development Units (PDUs), Continuing Professional Education (CPE) credits, etc.
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