RE: Contractor Rates

["Combs, Richard" <richard -dot- combs -at- Polycom -dot- com>]

Al Geist wrote: 
 
> I've always used 2080 and that includes for everything from 
> developing proposal s in response to government solicitations 
> (sounds dirty), for developing startu p and strategic 
> business plans and for contract services (both as the contracto
> r and the contractee).   You have about 174 hours in a month 
> (40 hours a week x
>  4.33 weeks [the average number of weeks per month])....174 x 
> 12 = 2078 (rounde d up to 2080 for convenience).  Of course 

Well, you've made your formula way more complicated than it needs to be.
Assuming that you know there are 52 weeks in a year, you can arrive at
2080 simply by multiplying 52 by 40, which you can do in your head by
doubling 52, doubling again, and adding a zero. 

But people generally take some holidays and vacations, so most of us
allow 2 weeks for that, making the math even simpler: 50 x 40 = 2000. 

Vacations or not, if your rule of thumb involves math to two decimal
places, I contend you're missing the point of rules of thumb. ;-) 

Richard


------
Richard G. Combs
Senior Technical Writer
Polycom, Inc.
richardDOTcombs AT polycomDOTcom
303-223-5111
------
rgcombs AT gmailDOTcom
303-777-0436
------




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