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Bidding Residential #157038
08/08/05 09:46 AM
08/08/05 09:46 AM
eswets  Offline OP
Joined: Mar 2004
Posts: 55
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?

Business, Office, Estimating, Legal:
Re: Bidding Residential #157039
08/09/05 09:38 PM
08/09/05 09:38 PM
Sparks30  Offline
Joined: Mar 2002
Posts: 125
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.

Re: Bidding Residential #157040
08/09/05 10:11 PM
08/09/05 10:11 PM
LK  Offline
Joined: Jan 2003
Posts: 1,429
New Jersey
"large addition and remodel? "

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


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