The Electrical Contractor Network

ECN Electrical Forum
Discussion Forums for Electricians, Inspectors and Related Professionals

Books, Tools and Test Equipment for Electrical and Construction Trades

Register Now!

Register Now!

We want your input!

Featured:
   

2017 NEC and Related
2017 NEC
Now Available!

   
Recent Posts
Sprinklered equipment 26-008
by bigpapa
12/02/16 04:24 PM
On Delay Relay with Auto Reset
by Potseal
12/01/16 09:59 AM
Wow, that was close!
by jraef
11/28/16 07:06 PM
Earthquake in New Zeeland
by RODALCO
11/27/16 11:25 PM
Calling all Non-US members!! (Non-US only)
by Tjia1981
11/27/16 06:33 AM
New in the Gallery:
12.5A through 0.75mm˛ flex (just out of curiosity)
Shout Box

Top Posters (30 Days)
gfretwell 14
HotLine1 10
Texas_Ranger 8
Trumpy 8
sparkyinak 7
Who's Online
1 registered (geoff in UK), 202 Guests and 4 Spiders online.
Key: Admin, Global Mod, Mod
Topic Options
Rate This Topic
#156802 - 07/07/05 06:08 AM Rounding Hours
LearJet9 Offline
Member

Registered: 04/24/05
Posts: 196
Loc: Millis, MA USA
A few years ago we changed some SOP regarding hours charged. We decided to "round off" our charged hours. If we are on the job for 1.5Hrs we charge 2.0. Also, if a guy is on the job for over 7 hours we round it out to 8, even if it's 7 hours and 10 minutes. Before we were rounding the nearest 1/2 hour. Trying to determine how many EC's do this?

Top
Business, Office, Estimating, Legal:
#156803 - 07/07/05 04:06 PM Re: Rounding Hours
LK Offline

Member

Registered: 01/21/03
Posts: 1721
Loc: New Jersey
We have some EC's that charge 1/2 day for anything over 2 hours of actual working time and full day for anything over 5 hours of actual work, it must work, because they have been doing this for a long time, when i asked why they bill that way, they say what can i do with the guy for the balance of time, i still have to pay him, and my overhead is a constant.
You have to remember, any job they do is a contract price, they never quote an hourly rate.

[This message has been edited by LK (edited 07-07-2005).]

Top
#156804 - 07/07/05 06:28 PM Re: Rounding Hours
BobH Offline
Member

Registered: 10/16/04
Posts: 134
Loc: Newfane, N.Y USA
I wish I was that good or experienced at estimating to never quote an hourly rate, I give that company credit for doing it successfully.

Top
#156805 - 07/07/05 06:55 PM Re: Rounding Hours
LK Offline

Member

Registered: 01/21/03
Posts: 1721
Loc: New Jersey
Bob,

We do pretty much the same, we have years of actual job records, so we just about know what each job will require in time, and verious job conditions.
Keep good records, and soon you will be estimating jobs for profit, pricing systems, computer estimating programs, they all sound good but nothing works better then actual job records, with time and conditions recorded.

Top
#156806 - 07/07/05 07:35 PM Re: Rounding Hours
BobH Offline
Member

Registered: 10/16/04
Posts: 134
Loc: Newfane, N.Y USA
Good advice. I have been doing that, keeping accurate records of every job, the time it took, etc, and whether or not the job was profitable. I got a few estimating books as well but sometimes these are way off, but they help sometimes.

Top
#156807 - 07/08/05 03:58 AM Re: Rounding Hours
LearJet9 Offline
Member

Registered: 04/24/05
Posts: 196
Loc: Millis, MA USA
LK - That's exactely why we decided to do that. We've learned (the hard way) if we don't round up, at the end of the day we show 6 billable hours yet payroll shows 8 payable hours. Just wasn't working out. Now that we have changed to this new charging system, we always show the same billable and payable hours, never fails.

Top



ECN Electrical Forums - sponsored by Electrical Contractor Network - Electrical and Code Related Discussion for Electrical Contractors, Electricians, Inspectors, Instructors, Engineers and other related Professionals