There are two different types of labor costs -- direct and indirect. The two labor cost metrics, in the manufacturing sectors, are based on the labor required to produce products versus labor ...

Factory overhead and direct labor are manufacturing and manufacturing costs (direct materials + direct labor + manufacturing overhead). Stated succinctly, manufacturing is turning raw materials into a ...

With labor being the greatest risk in construction, a full understanding of labor components will provide the estimator with the ability to determine a project’s labor costs as accurately as possible.