Pricing, Payment & Budget
Wrap Rate
The fully-loaded labor rate (salary + overhead + fee) used to price service work.
What it means
A wrap rate is your fully-loaded hourly labor rate: base salary plus overhead, fringe, G&A, and fee. It is how service contractors turn a person's cost into a billable price.
A competitive wrap rate is often the difference between winning and losing price-sensitive work, especially under LPTA.
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