Average Market Price
Work Hours Pricing: 11 Hours of Professional Services
Introduction
Did you know that tracking work hours accurately is crucial for project management and budgeting? The 11 hours of professional services worked at 698 Chauncey St, Brooklyn, NY on Wednesday, March 26, 2025, represents a significant investment in labor essential for successful construction and renovation projects.
What are Work Hours?
The work hours refer to the total time spent by professionals on-site, contributing to the completion of various tasks. This metric is vital for billing, project tracking, and ensuring that labor costs align with budgetary constraints.
Key Properties & Specifications
- Total Hours Worked: 11 hours
- Location: 698 Chauncey St, Brooklyn, NY 11207
- Date of Work: March 26, 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 Hour |
|---|---|
| Median Price | $22.00 |
| Latest Price | $22.00 |
| Average Price | $22.00 |
| Price Range | $22.00 - $22.00 |
Data source: Costcrunch.ai
Common Applications
Work hours are utilized across various applications, including:
- Construction Projects: Essential for labor-intensive tasks like framing, electrical work, and plumbing.
- Renovation and Remodeling: Crucial for updating existing structures to meet modern standards.
- Consultation and Planning: Time spent on project planning and consultations often translates to costs.
Cost Factors
Several factors can influence the pricing of work hours:
- Labor Skill Level: Highly skilled professionals may command higher rates.
- Project Complexity: More complex projects often require more hours of work.
- Location: Labor costs can vary significantly based on geographic location.
- Market Demand: Fluctuations in demand for construction services can impact pricing.
Industry Standards & Regulations
Adhering to industry standards is essential for effective project management. Work hours must comply with:
- Fair Labor Standards Act (FLSA): Regulations regarding minimum wage and overtime pay.
- Occupational Safety and Health Administration (OSHA): Ensures safety standards are met on job sites.
Expert Tips for Contractors
- Track Hours Accurately: Utilize time-tracking software to ensure precision in billing.
- Document Everything: Keep detailed records of work done for transparency and accountability.
- Plan Ahead: Anticipate potential overruns by scheduling sufficient hours for tasks.
Market Trends
The construction industry is experiencing a shift towards more transparent billing practices, with clients increasingly demanding detailed accounts of work hours. This trend emphasizes the importance of accurate tracking and reporting in maintaining client trust and satisfaction.
In Summary
- The 11 hours of professional services represents a significant investment in labor for construction projects.
- Pricing is consistent at $22.00 per hour, reflecting standard industry rates.
- Work hours are critical for various applications, from construction to renovation.
- Understanding cost factors and industry standards is key to successful project management.
For contractors and builders, accurately tracking and reporting work hours is essential for effective project management and client satisfaction. Stay informed on market trends and pricing to ensure your services remain competitive and transparent.