quoting large rewire

[Sb8389]

hey guys,
i have just started out on my own and have a job to quote for which is a a 4 bedroom house with 4 reception rooms. it has around 40 sockets to install throughout, nothing fancy like gu10s or anything.
i dont want to overquote but at the same time dont want to work for nothing.
are you best working out how many days it will take and give a price on your day rate or give a price per point.
do you guys add a percentage on the materials cost aswell.
could just do with a couple of pointers

thanks

 

[KentSparky]

hey guys,
i have just started out on my own and have a job to quote for which is a a 4 bedroom house with 4 reception rooms. it has around 40 sockets to install throughout, nothing fancy like gu10s or anything.
i dont want to overquote but at the same time dont want to work for nothing.
are you best working out how many days it will take and give a price on your day rate or give a price per point.
do you guys add a percentage on the materials cost aswell.
could just do with a couple of pointers

thanks

It's not easy getting prices right when you just start and you can lose money very easily if you aren't careful. For this rewire just decide how many days it will take you and multiply by your day rate price,that is for your labour and then materials are added on top. For example,
10 days labour @£150 a day = £3000 and allow a grand for materials= quote of £4000
10 days labour x 2 electricians = £3000 labour

 

[Octopus]

Bottom line, price it, and if you win it, it will take longer than you expect BUT what you need now are happy customers, so don’t cut corners, just smile and complete the job well...

 

[buzzlightyear]

I wouldn't want to give a 10 year warranty

seams to be a long time ,I only give 6months for parts and labour .

 

[Bob Geldoff1234]

"10 days labour @£150 a day = £3000 and allow a grand for materials= quote of £4000"

I think your maths is out on this one. 10 days labour times £150 a day is £1500 not £3000.
Been on a creative accounting course Kentsparky

 

[KentSparky]

hey guys,
i have just started out on my own and have a job to quote for which is a a 4 bedroom house with 4 reception rooms. it has around 40 sockets to install throughout, nothing fancy like gu10s or anything.
i dont want to overquote but at the same time dont want to work for nothing.
are you best working out how many days it will take and give a price on your day rate or give a price per point.
do you guys add a percentage on the materials cost aswell.
could just do with a couple of pointers

thanks

It's not easy getting prices right when you just start and you can lose money very easily if you aren't careful. For this rewire just decide how many days it will take you and multiply by your day rate price,that is for your labour and then materials are added on top. For example,
10 days labour @£150 a day = £3000 and allow a grand for materials= quote of £4000

"10 days labour @£150 a day = £3000 and allow a grand for materials= quote of £4000"

I think your maths is out on this one. 10 days labour times £150 a day is £1500 not £3000.
Been on a creative accounting course Kentsparky

Bob you are correct I will edit my post. Cheers

 

[Baddegg]

10 days labour x 2 electricians = £3000 labour

You were right in the end kentsparky,

 

[KentSparky]

10 days labour x 2 electricians = £3000 labour

You were right in the end kentsparky,

If you can't juggle a few figures you can't really be an electrician

 

[Baddegg]

If it don’t work out you’ll be a great accountant mate!

 

[Nigel]

Per point pricing is basically labour + materials divided by how many points.

Personally I price based on the job. Some jobs a per point pricing just will not work.

I would advise you estimate the time it will take to do the job and multiply that by your day rate. Then add materials with a markup of 10%.

Pricing per point will come later with experience.

 

[Rikmac]

I normally price per point win on some break even on others
If im not sure i then work it out on hours and mats and price somewhere in between if theres a big differance
It will take you longer than you think if its the 1st one youve done so price worst case just in case
I started my working life on council rewires and we used to do them in a day and half but that repeative houses on a crap price
The last on I did took nearly 3 weeks but I pride myself on not making a mess and saving as much re decorating as poss

 

[BruceBanner]

£150 p/day?? Really??

 

[123]

It's domestic, price per point should work. Add 50+% if it's occupied rewire.