Average Market Price
11 Hours Work at 698 Chauncey St: Essential Labor Cost Insights
Introduction
Did you know that labor costs are a significant factor in construction project budgeting? The 11 hours of work performed at 698 Chauncey St, Brooklyn, NY 11207 on Thursday, March 27, 2025, represents a crucial aspect of labor management in construction.
What is 11 Hours Work?
The 11 hours of work refers to the total regular hours worked by a skilled laborer or contractor on a specific project. In this context, it highlights the importance of accurately tracking labor hours to ensure proper budgeting and resource allocation in construction projects.
Key Properties & Specifications
- Total Hours Worked: 11 hours
- Location: 698 Chauncey St, Brooklyn, NY 11207
- Date: March 27, 2025
- Standard Unit: HR
Current Market Pricing
Here's the latest pricing information sourced from the Costcrunch.ai construction materials database:
| Price Type | Price per HR |
|---|---|
| Median Price | $22.00 |
| Latest Price | $22.00 |
| Average Price | $22.00 |
| Price Range | $22.00 - $22.00 |
Data source: Costcrunch.ai
Common Applications
The 11 hours of work is applicable in various construction and renovation tasks, including:
- Home Renovations: Essential for tasks like remodeling kitchens and bathrooms.
- Commercial Projects: Important in office build-outs and commercial renovations.
- General Maintenance: Used for routine repairs and upkeep of properties.
- New Construction: Vital for building new structures from the ground up.
Cost Factors
Several factors can influence labor pricing:
- Skill Level: More experienced laborers may command higher wages.
- Project Complexity: Complex tasks may require specialized skills, increasing costs.
- Location: Labor costs can vary significantly based on geographical location.
- Market Demand: Economic conditions and labor supply can affect pricing.
Industry Standards & Regulations
Adhering to industry standards is crucial for labor management. Key regulations include:
- Fair Labor Standards Act (FLSA): Governs minimum wage and overtime pay in construction.
- Occupational Safety and Health Administration (OSHA): Ensures workplace safety standards are met.
Expert Tips for Contractors
- Track Hours Accurately: Use time-tracking software or logs to ensure precise billing.
- Understand Local Rates: Research local labor market rates to remain competitive.
- Plan for Overtime: Anticipate potential overtime costs and incorporate them into budgets.
Market Trends
The construction industry is experiencing a shift towards more skilled labor due to increasing project complexities. The demand for labor is influenced by economic growth, infrastructure projects, and building renovations, leading to variations in labor costs.
In Summary
- The 11 hours of work at 698 Chauncey St is crucial for project completion and budgeting.
- Pricing is fixed at $22.00 per hour, reflecting current market conditions.
- Common uses span from home renovations to new construction, emphasizing labor's role in project success.
- Understanding the cost factors and industry standards can aid in efficient labor management.
For contractors and builders, tracking labor hours is essential for maintaining project budgets and ensuring timely completion. Stay informed about market trends to optimize your labor costs effectively.