The formulas
- Blended rate = sum of (hours x rate) / total hours
How it works
The blended rate is the average rate per hour weighted by the hours at each level. Shifting hours to a lower level lowers it.
Illustrative figures only. Check the result against your firm's methodology before relying on it.
Common questions
Can it be compared with a client budget?
Yes. Compare it with the blended rate the client budget implies.
Formulas on this page are the standard definitions.
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