or fully burdened rate
A Wrap Rate (or fully burdened rate) is the total billing rate for a labor category, including base salary, fringe benefits, overhead, G&A, and profit/fee. Example: $50/hr base × 2.0 wrap = $100/hr billed rate.
(or fully burdened rate) is a metric concept federal contractors and grant writers run into across solicitations, regulations, and award filings
Wrap Rate is a measurement used in federal contract evaluation, source selection, oversight, or performance management. Understanding Wrap Rate matters because evaluators use metrics like it to compare proposals quantitatively, score past performance, set award-fee outcomes, and decide who gets the next option year. Contractors who track how Wrap Rate is calculated — and what target values look like in their NAICS or service area — write proposals that are concrete and defensible instead of generic and easily dismissed. Wrap Rate also has implications for contract administration: getting the calculation methodology wrong post-award is a common source of disputes and contracting-officer modifications. Pair Wrap Rate with the related metrics above to see how the federal government composes evaluation criteria into source-selection narratives.
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