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#2485 07/13/01 01:20 AM
Joined: Oct 2000
Posts: 4,082
Likes: 3
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Silverbk,

You pay for connectors from Con ed? (We get them Free from Lipa)

I don't envy any work in the city! I used to do moving jobs in and around NYC. Double parking, tickets, walkups, service elevators, paying the service elevator guy to come back, ah, the memories come flooding back! I don't like to work at the shopping malls either for the same reasons.

Bill


Bill
#2486 07/13/01 04:36 AM
Joined: Oct 2000
Posts: 5,392
S
Member
Materials gotta have a markup, all the taxes,supplier paperwork,etc must not only be passed on, ya gotta make at least 10% bare minimum for anything that goes thru your books.

If i buy a part for $10, i will pay sales tax of 5%, if i sell it to you it will constitute taxable income for me, etc. Those quarterly checks to big bro help me understand the math.

If you wanna go to home depot or lowes, go right ahead. Don't ask that i stand behind the product.

[Linked Image]

#2487 07/13/01 05:38 AM
Joined: Mar 2001
Posts: 2,056
R
Redsy Offline OP
Member
Mark-up 10-25%, depending on cost. I like to have a minimum (nuisance) cost for small items like receptacles. This covers the cost of going to buy them and storing them on the truck. Marking up materials also helps me offset the cost any overlooked problems.

[This message has been edited by Redsy (edited 07-13-2001).]

#2488 07/13/01 06:51 AM
Joined: Dec 2000
Posts: 4,291
Member
So CA here.
Materials on estimated jobs - 20%
Materials on service calls - 30%
Materials are priced from Traser, a computer program which is updated monthly.

#2489 07/13/01 08:09 AM
Joined: Nov 2000
Posts: 2,236
Likes: 1
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Boy, I'm just shooting myself in both feet ,then....


-Virgil
Residential/Commercial Inspector
5 Star Inspections
Member IAEI
#2490 07/13/01 06:22 PM
Joined: Jul 2001
Posts: 62
J
Member
40 % on all material.have to pay taxes,insurance,workers comp.

#2491 07/13/01 06:55 PM
Joined: Oct 2000
Posts: 5,392
S
Member
wanna do lunch?
let's grab a sub

bun= $.40
meat= $.80
cheese= $.20
veggies=$.25
wrapping paper= $.10

You fork out $4

This is the public's view...

Now do the math including ALL the overhead.

[Linked Image]

#2492 07/13/01 07:18 PM
Joined: Jan 2001
Posts: 1,044
Tom Offline
Member
Virgil,

Overhead is "the cost of doing business."

Your telephone is free?
Post office delivers your mail for free?
You carry no insurance?
No licensing fees? (I know better)
Do you pay an accountant?
Those free estimates aren't really free, the time spent is a part of overhead.
I could go on, but you should be getting the picture.

I've been known to charge for tools. Yours never wear out or get broken? I rarely need my conduit threader but someone has to pay for it & it won't be me.

If you're legit, you've got overhead. If you're a wood butcher working for cash (Virgil's competition), you don't.

Most contractors in North Central WV use a 25% markup (minimum) & this means only a 5 to 7% profit on the material. Think about that, you bust one fitting at 5% profit, that means you have to sell 20 more just to pay for it.

If you can find it, "Small Time Operator" is one of the best books I've ever seen about running a small business. Check your library. It is an eye opener.

Tom



[This message has been edited by Tom (edited 07-13-2001).]


Few things are harder to put up with than the annoyance of a good example.
#2493 07/13/01 07:30 PM
Joined: Oct 2000
Posts: 4,082
Likes: 3
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On the otherhand, you could start the clock running at the supplyhouse. [Linked Image]


Bill
#2494 07/13/01 08:04 PM
Joined: Feb 2001
Posts: 60
S
Member
[QUOTE]Originally posted by Bill Addiss:
[B]Silverbk,

You pay for connectors from Con ed? (We get them Free from Lipa)

They used to give them to me free or do them themselves with a hi press, now just like meter pans you have to buy them at the supply house, they require a Richards Paralell groove connector, with a plastic cover about $14 at my supply house.

We do have to buy wire, and high density plastic pipe from them, they are not letting anyone else supply these items yet. They are the absolute worst company to deal with, ut of the four utilities I deal with they suck bigtime.

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