Labor rates?

[Pete Fiannaca]

Hey friends - Just wondering what people are running into regarding labor rates. I negotiated with a general contractor to bid hourly instead of per job. I know this person and he's done good work for me in the past. He's currently charging me $45 an hour total for him and his assistant, plus supplies obviously. Kitchen gut (down to the studs) and rebuild ended up clocking about 45 hours, so around $2100 plus materials. How does that sound compared to those of you getting bids on the whole job instead of at an hourly rate? Pete