Enter the contract value ($) and the contract rate ($/hr) into the Calculator. The calculator will evaluate the Contract Time. 

Contract Time Formula

CT = CA / CR

Variables:

  • CT is the Contract Time (hrs)
  • CA is the contract value ($)
  • CR is the contract rate ($/hr)

To calculate the Contract Time, divide the contract value by the contract rate.

How to Calculate Contract Time?

The following steps outline how to calculate the Contract Time.

  1. First, determine the contract value ($). 
  2. Next, determine the contract rate ($/hr). 
  3. Next, gather the formula from above = CT = CA / CR.
  4. Finally, calculate the Contract Time.
  5. After inserting the variables and calculating the result, check your answer with the calculator above.

Example Problem : 

Use the following variables as an example problem to test your knowledge.

contract value ($) = 500

contract rate ($/hr) = 30