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Discuss Pricing in the UK Electrical Forum area at ElectriciansForums.net
Think am way too cheap. So when you price per point does that include the time to chase walls, pull cables in, lift floor boards and first and 2nd fix?Rule number 1: never allow the customer to purchase standard electrical materials.
Rule number 2: never give a detailed breakdown of costs.
Rule number 3: remember it costs you money to be in business before you even get out of bed, and this has to be accounted for.
Start by working out materials plus markup. Add the number of hours to complete the whole job.
Add a contingency sum. From this total you can work out a price per point. Mine is between £65 and £75 per point (so in a room you have a light, a switch, 3 sockets etc, all at £65 each).
Cooker circuit, consumer unit and shower circuit each have their own special price, again based on time and materials.
If the customer quibbles I walk away without asking questions...
Im not far off thatBefore you try working out a price sit down with a piece of paper and write down all your behind the scenes operating costs, eg insurances, nic membership, accountants, vehicle , fuel , accounts software, certificate software, tools, bank charges etc
I did a rough guide recently and it is costing me in the region of £16K a year to operate before taking a wage.
You should just take the first and last week of the month off!Im not far off that
I reckon it costs me a grand a month just to be a sparks before I actually do any work
The way i look at things now is the first week i work is spent on expenses , the second 2 week goes to me and the last week goes straight to the tax man
I know a couple guys who reckon to pay yourself £50K a year you need to turn over £150K of business
Before you try working out a price sit down with a piece of paper and write down all your behind the scenes operating costs, eg insurances, nic membership, accountants, vehicle , fuel , accounts software, certificate software, tools, bank charges etc
I did a rough guide recently and it is costing me in the region of £16K a year to operate before taking a wage.
Then how would I pay the day to day running costs to stay in business ? that would then have to come out of weeks 2 & 3You should just take the first and last week of the month off!
Then how would I pay the day to day running costs to stay in business ? that would then have to come out of weeks 2 & 3
As I say its costs me roughly a grand a month just to remain in business before I even earn a single penny
If i take a week off a month the business costs remain the same , scams need paying , van needs paying etc
I got that and its not a bad idea ?I think he was joking ?
I got that and its not a bad idea ?
1 man band, based in west wales, 6 yr old van£16k sounds a bit more than me. I assume you’re not a 1 man band, or that you buy a new Transporter Sportline each year!?
THis 100% .Its going to be another race to the bottom soon. Ive just worked for a client at a super luxury retirement place in the very north of london .Its "Gods waiting room" . And marketed as been heaven (US owned company) It was all done of the cheap and nasty as they dont expect most residents to live long and the company takes 20% of the sale price !!! Some of the guys working there where seriously "straight off the boat .." but not a real boat .Just arrived from Albania . Many with zero clue . Every contractor was taken down to the bone on price etc and you can tell .As none of them will return to snag etc . They are high and dry and many new residents ----ed off at nothing been done . They paid peanuts and treated people badly . I roll up , do my private work in a apartment and the lady that they cannot fix . pays me , then sends them a bill as she wont stand for stuff not working or needing silly amounts of snagging etc . They bitch about my costs . ONLY as they are so use to people working cheaply . Domestic work is still the best I think . easier to walk away from as well if it starts getting bent out of shape .Rule number 1: never allow the customer to purchase standard electrical materials.
Rule number 2: never give a detailed breakdown of costs.
Rule number 3: remember it costs you money to be in business before you even get out of bed, and this has to be accounted for.
Start by working out materials plus markup. Add the number of hours to complete the whole job.
Add a contingency sum. From this total you can work out a price per point. Mine is between £65 and £75 per point (so in a room you have a light, a switch, 3 sockets etc, all at £65 each).
Cooker circuit, consumer unit and shower circuit each have their own special price, again based on time and materials.
If the customer quibbles I walk away without asking questions...
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