Hand tools up to a certain value together with blades, drill bits, and other consumables used in the work are priced as a ____ of the total labor price of the estimate.

Question

Quizplus · Accepted Answer

Hand tools, blades, drill bits, and other consumables are not fixed or variable costs as they may vary from job to job. Contingency is a separate line item that covers unexpected costs. Therefore, it is most appropriate to price them as a percentage of the total labor price of the estimate, which is a common practice in the industry.

Hand Tools Up to a Certain Value Together with Blades