how do you price your work? | Page 2 | on ElectriciansForums

Discuss how do you price your work? in the Business Related area at ElectriciansForums.net

Good idea but how did you get to decide how much for say 1 socket and how much for a light fitting etc?
 
Good idea but how did you get to decide how much for say 1 socket and how much for a light fitting etc?

standad rate for a socket around here is £60 and £40 a fitting. Thats obviously 1st and 2nd fix and london rates. Thats kinda average what alot of people I know charge.

I tend to sometimes work out how long the job takes, so daily rate + material + 15/20% on top just to cover my arse if the job over runs, or extra profit :D.
 
Ive just set up and deciding on pricing is a nightmare
Decided to have price for everything eg. £100 per socket before entering job and reducing it depending on ease of work.
Bit concerned when 10 sockets or a new circuit with 10 socks could add upto £1000 but gonna see how it adds up at end of each quote and whether house occupied/ lots of furniture to move.
Got 1st big quote this week(mostly been wiring cookers and relacing light and sockets).- so will see how it works out in front of customer!!!
 
its all about time things take mate i think really, i installed a ring main for someone from new and only had 5 double sockets on it, but it took a while to do and cost the customer £750,
 
I tend to work to the NHF schedule of rates as I do a lot of day to day maintenance for housing associations. However I am after a more detailed version of this document if anyone has one or something similar.
 
Good! Im not the only rogue trader here :p

only joking mr fisher.

but seriosly, potential clients read that kind of thing and then get a heart attack when they open my letter. I do warn them, "just make sure you're seated before you open the letter". Some laugh, some just look at me not amused. Ha ha. If I get the work, I get it. If not, then so be it.
 
Mr London i am the same if you get the work good if not.......... well you dont BUT all i can say is we "electricians" should not undersell ourselves.

We should charge a decent rate without having peoples pants down!!!
 
I totally agree with you mr fisher.

I just quoted for a rewire and a rewire and make good on the same property. I like to provide options for the customer. £8500 and £11500 respectively including materials, labour and VAT. A 3 floor 1960s house in Fulham. I thought that was reasonable. I worked it out again and again I just couldn't justify getting the quote anymore expensive. Other sparks in London would charge double what I did.

How the hell do they do it and get away with it?
 
parking, congestion charge (which doesn't effect some parts of Fulham) petrol and over heads. Bigger firms have bigger overheads hence bigger prices. :cool:
 
A quick one for you guys.

Any idea what would be the going rate for a periodic inspection on a student's cluster flat. ie: a flat were each student has there own bedroom (approx 8 to a flat) and they have 2 communal bathrooms, a large communal kitchen and a communal lounge area for everyone in the flat to share.

I have approx 100 to do, they are in Liverpool/Preston so that will be North of England prices.
 

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