In my opinion square foot pricing is a sure way to lose money unless you have an accurate system in place that is based on your real cost.
If your using the going rate you are almost guaranteed to lose money. The GC's are always looking for new comers to give them ridiculously low prices.
2 things happen to these new comers, either they raise they're prices and the GC's look for new prey or the new comers keep working at these low rates and go out of business.
Dukester, you say 32 hrs to complete the job, I'll bet you spend at least 60 hrs between job, material ordering, paperwork etc..
I'll bet if you accurately crunched your numbers you will be at -$ per hour.
Problem is that there seems to be an endless supply of contractors doing jobs for these prices and thus creating this "competitive" market. I think they are competing to see who goes out of business the fastest myself
[This message has been edited by Rich R (edited 04-27-2006).]
