This document explains at a high level the components used to calculate the CoreLogic trade rates (T-rate)
and billing rates (B-rate) contained in the CoreLogic Claims Connect database.
The T-rate consists of the researched and verified employee’s pre-tax base hourly rate plus fringe benefits
and insurance for any specific trade (roofer, plumber, electrician, etc.).
T-rate = Base Rate + Fringe Benefits + Insurance Rate
• Fringe Benefits may include:
- Vacation
- health insurance
- 401k contributions
- use of corporate vehicles
- any other benefit an employer may offer their employees
• Insurance Rate is the employer’s contribution to fixed payroll taxes:
- Workers Compensation
▪ Varies by state, and trade type
- Federal and State Unemployment Insurance
▪ While federal rates are relatively consistent State rates can vary widely by trade
and company, and therefore the startup rate is used
- Social Security
- Medicare
- State Disability Insurance
The billing rate (B-rate) consists of the T-rate multiplied by the sum of the fixed business overhead rate, job
overhead rate and profit rate.
B-rate = T-rate * (1 + ( Fixed Business Overhead Rate + Job Overhead Rate + Profit Rate))
• Fixed Business Overhead may consist of:
• Executive Salaries
• Office expenses
- Staff Salaries
- Office equipment and services
- Rent
- Liability and Or Builders Risk insurance
- Marketing and Advertising
• Job Overhead consists of costs that can be directly associated to the job:
• Sales Commissions
• Equipment Rental, and depreciated equipment
• Permits and Fees
• Warranties
• Profit is applied to the “T” Rate
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