Wrap Rate
The multiplier converting direct labor cost into a billed rate.
Definition
The wrap rate combines fringe, overhead, general and administrative expense, and fee into a single factor applied to base salary cost.
Why it matters
Wrap rate competitiveness usually decides services awards more than any technical differentiator.
Example
A $50/hour salary at a 2.1 wrap rate bills at $105/hour.
Related terms
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