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

Business, Office, Estimating, Legal:
Re: Bidding Residential #157039 08/09/05 09:38 PM
Joined: Mar 2002
Posts: 125
S
Sparks30 Offline
Member
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
Joined: Jan 2003
Posts: 1,429
L
LK Offline
Member
"large addition and remodel? "
_________________________________________

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


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