vault backup: 2025-11-21 15:31:28

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+---
+id:
+aliases: []
+tags:
+  - authorship/original
+  - destiny/permanent
+  - status/draft
+  - type/daily
+title: 2025-11-21
+---
+# 2025-11-21
+
+## 2025-11-21 10:11
+
+> [!quote] [ELECTRI's Industry Benchmarking Tool - ELECTRI International](https://www.electri.org/research-overview/electris-industry-benchmarking-tool/)
+> ### Hours Burned vs. Hours Earned
+>
+> Definition:
+> Comparison between portion of project estimated hours complete
+> compared with the actual hours spent on the task.
+> This is the labor performance factor
+> (needs to reference the labor factor used at bid time for a full comparison).
+
+This is a terribly problematic metric.
+
+If a project went over its material budget
+despite standard rigorous oversight
+where would you first look,
+construction or estimating?
+In almost all cases the safer bet is estimating.
+Why should labor be different?
+
+Wherever there is budget variance
+there is a persistent tendency to blame construction
+before estimating.
+
+[[purpose-of-construction-estimating#The Myth of Estimate Accuracy]]