Model loaded refinery craft labor rates by configuring direct pay, overhead multipliers, fringes, and contractor margins.
Rate Breakdown
A common mistake in industrial estimating is using direct labor pay rates as the billing baseline. Subcontractors cannot survive on direct pay alone; they must cover FICA, General Liability insurance, safety WATCH watch costs, tools depreciation, and administrative overhead. This multiplier escalates a base direct pay rate of $45/hr into a fully burdened bill rate of over $80/hr.
GOIS prevents cost overruns by allowing owners to explicitly load benefit packages, tax tables, and overhead percentages inside the central Rates Library. Subcontractors input progress against locked rates, securing their profit margins while preventing invoice creep for the owner.