How to Estimate Steel Fabrication and Erection Costs

The third step to estimate steel fabrication and erection costs is to calculate the labor costs. This includes the cost of the skilled workers who will fabricate and erect the steel components, as well as the cost of any supervision, management, or administration that are involved in the process. You should also consider the cost of any subcontractors or consultants that you will hire for specific tasks, such as engineering, welding, testing, or inspection. You can use the prevailing wage rates, productivity rates, and labor hours for each task, or consult with your labor unions or associations for guidance. You should also account for any overtime, benefits, taxes, or overheads that may affect the labor costs.

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