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

   
Topic Options
Rate This Topic
#43377 - 10/11/04 04:53 PM Who Charges List Price?
Active 1 Offline
Member
Registered: 02/22/03
Posts: 684
Loc: Grayslake IL, USA
Does anyone charge list prices like what is in catologs and manufacture web sites? An example would be a CH BR loadcenter 200a main breaker 40/40 list price $780. Or a Siemens P5 panel board 1200a with main breaker $12,710. Or are the numbers used as a sales tool like "we're giving you this for xx% off list price. Or is it disreguarded on big and small jobs?

Tom
Top
Work Gear for Electricians and the Trades
#43378 - 10/11/04 05:35 PM Re: Who Charges List Price?
Electric Eagle Offline
Member
Registered: 04/20/02
Posts: 928
Loc: Alpharetta, GA
Service equipment list prices are ridiculous! That $780 panel is about a 1200% markup over our actual cost. I don't quite understand the purpose of list prices that high. If someone does charge that I'd like to know how they do it.
Top
#43379 - 10/11/04 05:46 PM Re: Who Charges List Price?
Jps1006 Offline
Member
Registered: 01/22/04
Posts: 609
Loc: Northern IL
I always figured it was a marketing tool. A feable attempt to influence the consumer's precieved value of something. Kind of like MSRP on cars. Then they came up with what they call "Invoice". By its name one is lead to believe it's what the dealer paid for it. And WOW! I've heard of people paying under invoice!! Yeah sure!! "We make it up on volume" they'd have you believe.

I'm sorry, I tire quickly from marketing crap. I might as well be listening to a politcal debate if I want to get the straight story. I just get tired of crap.

whew!
Top
#43380 - 10/11/04 06:15 PM Re: Who Charges List Price?
LK Offline
Member
Registered: 01/21/03
Posts: 1721
Loc: New Jersey
You do it the same way the plumbers do, New heating unit $3,900 list.
Ok i will give you 50% off $1,950
Then go to supply house and pick it up for $975
Plumbers and AC Guy's have been asking these prices and getting them, it's not just your hourly rate, that makes your business grow.
Top
#43381 - 10/11/04 06:39 PM Re: Who Charges List Price?
cavo148 Offline
Member
Registered: 01/19/04
Posts: 79
Loc: New Jersey
List prices do seem excessive in the catalogs, some are down right scary. Though you do have to cover yourself for those times when a newly installed product goes bad and you have to go back and replace it at no additional charge 'cause you supplied the part. Experience will teach you which parts are more at risk than others, which then require a higher markup over your cost. BTW, some of those catalog prices are so high you could offer free installation, eh?!
Andy
Top
#43382 - 10/11/04 06:56 PM Re: Who Charges List Price?
Norstarr Offline
Member
Registered: 09/25/04
Posts: 89
Loc: Wi
Those are the prices you show customers that knock on your door asking why you charged so much for an item. Show them what the book says you should charge and what you charged them and they walk away feeling better. Doesn't matter what they could have gotten it for at Home Depot. It's in black and white in a pricing book. How can they argue?
Ron
Top

Featured:

2017 NEC and Related
2017 NEC
Now Available!

Shout Box

Recent Posts
Forum Styles
by Admin
Today at 02:08 AM
License exam
by TRUE POWER
Yesterday at 09:16 PM
Looking for older post
by sparkyinak
Yesterday at 12:27 AM
Members: Non-Members: Did you know?
by Admin
01/22/17 02:34 PM
Safety at heights?
by HotLine1
01/21/17 08:51 PM

Who's Online
0 registered (), 84 Guests and 15 Spiders online.
Key: Admin, Global Mod, Mod
New in the Gallery:
Desk-mounted "power-board"
Top Posters
gfretwell 9066
Trumpy 8560
pauluk 7693
HotLine1 6833
sparky 5545
Member Spotlight
Member Since: 11/11/05
Posts: 190

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