This form has two sections – Hourly and Salaried.
The two sections contain about the same information, but are calculated differently.
The hourly calculations are generally used for production employees, and should be charged as direct project costs.
The salaried positions are generally used for administrative employees, and become a fixed cost for the business.
For hourly employees, use the “Bill Rate (before profit)” for estimating purposes, then add profit and overhead as part of the estimate.
If an hourly employee is assigned a specific task to be performed for a Client, bill that time using the “Bill Rate (including profit)” for invoicing the Client.