You already know the competition you'll be dealing with, range from well established units to "side job" union guys, to hackers in station wagons with extension ladders strapped to the roof. Going rate could be as low as $20/hr depending upon the job, and the location. We stay away from city work because of all the crime, and that alone you have to factor in to your rate....1 guy to watch the truck, 1 to do the work... I'd look at what niche area your after, ie..Main line area or SE philly, there would be a big difference in "going rates" in different areas...
All IMHO, mind you..
Re: Rates for residential electric#62561 02/19/0611:08 AM02/19/0611:08 AM
I would avoid a cut and past of someone elces prices. I not saying it's a bad thing to know what others get. I'm saying you should figure you own prices. It's hard when you start out because you don't know all your costs of doing business.
I would say to ask what is OH costing for a 1 man show in the business area.
Also ask about efficency (booked hours) for a new start-up doing ? type of work. With past experiance of knowing how long a job can take it's just a matter of doing math. Also note that many tend to underestomate time. I think one reason is in your head you tend to think it's easy and will be done in no time. Then you don't factor in clean up, collecting, material runs, & drive time.
Re: Rates for residential electric#62565 02/19/0602:33 PM02/19/0602:33 PM