Pricing Structures - Help!

[chrisgc]

Hi guys,

I am looking into setting my price structures.

i totally understand that all jobs are different and also different areas are different rates (I'm in the Swindon area).

Just wondered if anyone has some kind of price structures etc ie. like 1st hour charged then subsequent hours etc and also fitting of sockets, switch plates, lights etc.

I know bigger jobs are more to do with quotes but just genereral bread and butter works.

Last thing I want to do is go in too cheap as thats not fair and totally out of order for the trade but at same time don't want to be way off the mark to the point of not getting any work.

All help would be much appreciated.

Chris

 

[SirKit Breaker]

Needle in a haystack this topic mate. Its been done to death but i will throw in my twopenneth anyway.

I am in Leeds, yorkshire.

I charge as much as i can get away with, but the calculation is as follows.

How much do you need to earn a week to break even....fuel, part P fees etc.
How much do you want to earn as a wage.
How much profit do you want to make.
Add it all together and divide by the number of hours you want to work and that is your hourly rate.

I charge £40 first hour but no callout charge. £100 after 10pm. And i charge it whether it takes me 2 minutes or 60 minutes.

Most of my work i price for the job e.g CU upgrades, rewires and so on.

Good luck mate

 

[chrisgc]

Needle in a haystack this topic mate. Its been done to death but i will throw in my twopenneth anyway.

I am in Leeds, yorkshire.

I charge as much as i can get away with, but the calculation is as follows.

How much do you need to earn a week to break even....fuel, part P fees etc.
How much do you want to earn as a wage.
How much profit do you want to make.
Add it all together and divide by the number of hours you want to work and that is your hourly rate.

I charge £40 first hour but no callout charge. £100 after 10pm. And i charge it whether it takes me 2 minutes or 60 minutes.

Most of my work i price for the job e.g CU upgrades, rewires and so on.

Good luck mate

Thanks for the reply.

When you say you charge £40 for the 1st hour what do you then subsequently charge after then?

Chris

 

[Lucas]

Best way too do it is price per point I've found. £50 a point, covers your materials, labour and the skill involved. Easier for the customer too see what they are getting

 

[cbw]

Look at the job, work out how long it will take......

I Charge £200/day or £150/half day

Then add materials and 10%.

The next day I have available is (SPOOKILY) Friday 13th August, thena day on the 19th but have many quotes in the pipeline so expect August to be fully booked soon.

Dont sell yourself too cheap, I decided a few months ago that I would not work for nothing!

 

[chrisgc]

I was thinking my price structure could be like this:

General Electrical Call Out Charges
Monday to Friday 8am-6pm
£45 for the first hour
£25 for every subsequent hour thereafter.

Out of Hours (Monday-Friday)
£65 for the first hour
£30 for every subsequent hour thereafter

Saturday
£65 for the first hour
£35 for every subsequent hour thereafter

Sunday
Please call

Materials supplied by us are chargeable and will be subject to a 10% handling charge.

Larger jobs or jobs which require more than 1 person will be subject to a quoted price.

-----------------------------------------------

For the larger jobs I would then quote per point required.

How does this all sound?????

Any advice or improvements or undercharging then please let me know.

Anyone?????

Chris

 

[cbw]

I dont like the phrase 'handling charge'

I use miscellaneous items, seems to sound better?

I just have a flat rate of £35/hour whatever day, that said I am now trying not to work weekends!

 

[chrisgc]

I dont like the phrase 'handling charge'

I use miscellaneous items, seems to sound better?

I just have a flat rate of £35/hour whatever day, that said I am now trying not to work weekends!

Thanks for the info.

Only reason I put a first hour charge etc is cos it seems as though according to other people website that seems to be the general thing - but not all.

I dont really want to work on the Saturday or the Sunday which is why I have hiked up the price on out of hours etc - basically if I am to work out of normal business hours it needs to be worth my while.

Do you think my prices are ok though??

And do you think its right of me to explain that on larger jobs its done per point etc.

Chris

 

[DiscoDave]

this is something i'm currently trying to get my head round, although it's very comforting to see other people charging around the same as I do. I try to work to price, ie I give a price for a job, then any extras the client comes up with 5 mins before you finish are chargeable per point.

Out of interest are you compiling this list of rates so that you can advertise it on a web site or similar? ie is it for the general public to see?

dave

 

[chrisgc]

this is something i'm currently trying to get my head round, although it's very comforting to see other people charging around the same as I do. I try to work to price, ie I give a price for a job, then any extras the client comes up with 5 mins before you finish are chargeable per point.

Out of interest are you compiling this list of rates so that you can advertise it on a web site or similar? ie is it for the general public to see?

dave

Hi dave,

Yes the price structure is going to be on a website.

I dont want to be tied to my prices though as such so am going to put that larger jobs or jobs requiring more than 1 persons will need a quote to be given.

That way I can then price per point.

My hourly rates I am considering just charging for general call outs, ie a socket not working or a fuse has blown etc.

How about you? What are you kind of charging etc (sorry if it sounds nosey).

Chris

PS. I have gone for £45 1st hour then £30 every subsequent hour - not sure if the subsequent hour rate of £30 is a little dear but at same time dont want to undersell myself.

 

[UNG]

I was thinking my price structure could be like this:

General Electrical Call Out Charges
Monday to Friday 8am-6pm
£45 for the first hour
£25 for every subsequent hour thereafter.

Out of Hours (Monday-Friday)
£65 for the first hour
£30 for every subsequent hour thereafter

Saturday
£65 for the first hour
£35 for every subsequent hour thereafter

Sunday
Please cal

Materials supplied by us are chargeable and will be subject to a 10% handling charge.
l

Personally I wouldn't publish any pricing how many of your competitors do? !!!

Think your out of hours rates need tweeking the subsequent hourly rate seems low, it would just about cover a double time JIB rate, also are these rates charged for time on site or travelling as well. If you were to travel 20 minutes each way plus an hour on site then you are probably losing out at £65 for the first hour

Is your pricing based on a radius from base as travelling can eat into "on site" rates assuming that is what the above rates are

The material pricing I would lose the handling charge but add it anyway as you are only saying material is chargable

Larger jobs or jobs which require more than 1 person will be subject to a quoted price.

-----------------------------------------------

For the larger jobs I would then quote per point required.

How does this all sound?????

Any advice or improvements or undercharging then please let me know.

Anyone?????

Chris

How would your customers know what is a one man or multiple man job or a large job?

 

[UNG]

Hi dave,

Yes the price structure is going to be on a website.

As I posted before why do you want to give your competitors the chance to undercut you and customers not to pick up the phone if they see the price on your website there is no need to call you to ask and no oppertunity to sell yourself like I can be there in 20 minutes

PS. I have gone for £45 1st hour then £30 every subsequent hour - not sure if the subsequent hour rate of £30 is a little dear but at same time dont want to undersell myself.

I think you already decided that £30 is dear as you quote £25 for subsequent hours in your original post