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#157038 - 08/08/05 06:46 AM Bidding Residential
eswets Offline
Member
Registered: 03/07/04
Posts: 55
Loc: Lansing, IL, USA
For the most part, I use T&M. On the last few jobs, I have gotten burned b/c the was not contract. Now I have learned my lession and on bigger jobs I give contracts. I have been losing most of them b/c I was too high. I am going to just use round numbers for an example because every ones labor rates are diffent.

If I charge $50 per hour for T&M, would I use that amount to figure lets say a large addition and remodel? Or would I figure my Cost rate, $25 per hour and add a percent to that. In other words discount my full rate.

What about new houses. Every one uses an opening price. How is that figured?
Thanks
Eric
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#157039 - 08/09/05 06:38 PM Re: Bidding Residential
Sparks30 Offline
Member
Registered: 03/23/02
Posts: 125
Loc: Connecticut.usa
I charge my price then add up the material plus percent. I you can rough fast and is a straight forward job then you make out. Make sure that what you are doing is spelled out in the contract anything else is extra. Also include this like not responsable for sheetrock damage. This will make you more in the long run.
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#157040 - 08/09/05 07:11 PM Re: Bidding Residential
LK Offline
Member
Registered: 01/21/03
Posts: 1429
Loc: New Jersey
"large addition and remodel? "
_________________________________________

The remodel cost may be 5 to 6 times the new work.
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