All-in rate is a term used in both the

construction industry Construction are processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design that continues until the ...

and the

financial sector Financial services are economic services tied to finance provided by financial institutions. Financial services encompass a broad range of service sector activities, especially as concerns financial management and consumer finance. The financ ...

. It refers to the total cost or rate charged for a service, including all associated fees and expenses.

Financial definition

In finance, an all-in rate typically refers to the total rate charged by a financial institution for a bankers' acceptance. This rate includes both the bankers' acceptance rate and any additional commissions or fees.

Construction estimate definition

In construction, an all-in rate represents the total cost of an item, including both direct and indirect costs. For labor, this would include the hourly wage, as well as additional costs such as insurance, taxes, and statutory contributions.Building International Costs 2005
/ref> General Definition: An all-in rate, regardless of the industry, represents the comprehensive cost of a product or service, including all associated fees and expenses. This provides a clear, total figure for comparison or

budgeting A budget is a calculation plan, usually but not always financial plan, financial, for a defined accounting period, period, often one year or a month. A budget may include anticipated sales volumes and revenues, resource quantities including tim ...

purposes. Example calculation: * All-In Labor Rate = (Total Direct Cost of Labor + Total

Indirect Cost Indirect costs are costs that are not directly accountable to a cost object (such as a particular project, facility, function or product). Like direct costs, indirect costs may be either fixed or variable. Indirect costs include administration, ...

of Labor) / Total work hours where: *Direct costs may include wages and

overtime Overtime is the amount of time someone works beyond normal working hours. The term is also used for the pay received for this time. Normal hours may be determined in several ways: *by custom (what is considered healthy or reasonable by society) ...

*Indirect costs may include insurance, taxes, and benefits *Total work hours are the number of hours worked in the period

References

{{DEFAULTSORT:All-In Rate Banking Building engineering