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What would you charge? #13410 09/03/02 09:12 AM
Joined: Jun 2002
Posts: 206
H
Happi_Man Offline OP
Member
I'm struggling with this one and its fairly simple.

We're running a new 20 amp circuit in an unfinished basement for a freezer. It will be a pipedown duplex receptacle. Easy right? I quoted the person $120.00 - although it seemed fine to them my conscious is telling me otherwise - why? I am pretty certain that anyone else in town would charge way more than that...

I guess I just need to get used to the pricing thang...

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Re: What would you charge? #13411 09/03/02 04:21 PM
Joined: Jan 2002
Posts: 1,457
E
Electricmanscott Offline
Member
Here is a soulution that works for me. Covert operation! Call a few local contractors and explain "what you need done" and get a rough price from them. While you must figure out what you should charge to make a profitable business it is also essential to know what the compettion is charging. Many times pricing is the difference between you getting the job or not.

Re: What would you charge? #13412 09/04/02 06:18 AM
Joined: Aug 2002
Posts: 112
G
gramps Offline
Member
when i was first starting out, and trying to build up a customer base, i used to figure the cost of all materials and special equipment(such as renting a trencher), add 30% to that figure, and then double it (for the labor). that was my price....worked pretty well most of the time, but i did get burnt some.........a few times, it took a lot of labor to get 30 ft. of wire through a "plaster wall" for a new receptacle...... [Linked Image]

ron

ps....that was also back when i used to give estimates over the phone, without even looking at the actual job.....duh!... [Linked Image]

Re: What would you charge? #13413 09/05/02 12:21 AM
Joined: Aug 2002
Posts: 25
J
Joule-E Offline
Member
I new a guy running a business that multiplied his materials by pie. (3.14) It worked for him.


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