Hello - I got my contractor's license last year and went into business for myself last October. My first job is a 2 - 3 year contract and I currently have one employee but will need more shortly. I have been having to turn down work because I do not currently have the time or manpower to cover the jobs. I am right now trying to coordinate employee applications and work requests so that I can accept jobs knowing that I have employees to cover that job. It is a transitional time and I could use some wisdom from successful seasoned contractors who have been this route.
I also have questions about billing. I have purchased many pieces of equipment and hand tools since I began and I know from past employment that contractors do charge rent for use of equipment on the job site. The only way I knew to take was to find some rates for equipment rental companies and then divide it down by days and then hours and then keep track of the hours the piece is used. I am coming up with $1 dollar here, $3.50 there and was wondering if this is the correct way to do it.
Sparkster; As a contractor, you have an interesting thread goin' here. I will say that the competion is the rental companies in the respect of equipment. Manlifts, bucket trucks,power benders,temp service, all the above.
You need only learn to slice it clean, ear to ear... and smile as you do so