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How can I calculate the daily percentage base amount for metal construction work in AL?

AlabamaConstruction Accounting
Anonymous Contractor

Hi For example metal construction.. How could I calculate daily percentage base amound quickly?

2 replies

Levelset Admin at Levelset
| 1,005 reviews
Jan 7, 2020
I'll be the first to admit that construction accounting isn't my strong suit. Luckily, it looks like this resource from Norbord North America has some great insight on calculating base labor rates: Calculating Base Labor Rates for a Construction Crew. For a little more insight, it might be helpful to reach out to one of these Construction Finance Professionals.
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Debra Steely
Sales Manager at IBD
Feb 15, 2023

Sure, I can help you with that! To calculate the daily percentage base amount for metal construction work in AL, you will first need to determine the project's total cost. Once you have that figure, you can use the following formula to calculate the daily percentage base amount: (Daily Percentage Base Amount) = (Total Project Cost) x (Percentage Rate) / 100 (btw, if you'd like to improve your calculations skills, you can use an online source like https://plainmath.net/ because the math homework help and answers I find here are so valuable for my student tasks). So the percentage rate will depend on several factors, such as the project's complexity, the cost of materials, and the required labor. You may need to consult a professional to determine the appropriate percentage rate for your project. I hope this helps! Let me know if you have any further questions. 

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