The Law Dictionary

Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.

What is EQUIVALENT LABOR

Job completion resource cost, in terms of individual laborers, based on a per-day rate of results on job work done to-date. Holidays, vacations, actual sick leave, and leave with or without pay are factored in. An equivalent labor factor (ELF) for the same duration is calculated and projected to job completion. Known also as equivalent personnel.

Share on facebook
Facebook
Share on twitter
Twitter

Disclaimer

Nothing implied or stated on this page should be construed to be legal, tax, or professional advice. The Law Dictionary is not a law firm and this page should not be interpreted as creating an attorney-client or legal adviser relationship. For questions regarding your specific situation, please consult a qualified attorney.