"Contract price is determining how long a job takes in hrs X hr rate, adding material and profit"

So when you complete the contract, you give the customer a flat rate, a fixed price, a total amount, a final figure, contract total, whatever wording you like, flat rates prices are the final amount of an estimated job, you present the customer with a contract on flat rate work.

A flat rate price is figured the same as a contract price, a work sheet is used, with labor units, and material prices.

How you present it to the customer is the only difference, Mr Jones this is our contract price, Mr Jones this is our flat rate.


Same dog different trick.

Companies have made a business, out of offering estimated prices printed in book form, and billing it as Flat rate books, Flat rate software, and some call it a system, it is no more then job assemblies indexed for easy access, with this information you can write your contract, for some that find estimating jobs, either time consuming, or difficult, price sheets may be a great way to go, to write your contracts.



[This message has been edited by LK (edited 09-23-2006).]