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|03-06-2012, 11:13 PM||#16|
Join Date: Apr 2009
Location: Central Alberta Canada
Posts: 386Rewards Points: 354
what to charge
Thanks for the input. I would have responded earlier but had issues logging on. You are correct about the big H.D. type stores. Also a friend who runs a restoration company (floods, fires, etc.) has a starting rate of $65/hr. (Two years ago) and probably higher by now. Thanka again.
|03-07-2012, 07:58 AM||#17|
Join Date: May 2006
Location: New England
Posts: 7,556Rewards Points: 2,000
Realize that what someone charges who has a legal, licensed and registered company = needs to charge more for their business overhead (more expenses). Especially if he/she possesses a State License.
Simply put: Their hourly rates (even at $65/hr - $85/hr) are not (realistically) going to be the same as a "one-man-band handy man service".
In general, some hourly rates also coincide to a person's abilities, experience, expertise, license ownership & personal certifications.
Also - Companies and people in general who work in the insurance restoration industry charge a premium that is not comparable to other aspects of the industry, let alone - - compared to the "One-Guy-Fix-it & Repairs" , or, even the average "2-Guy Home Repair Service" (as examples).
Below are some Overhead Cost Examples -- That affect/determine hourly-rate charges -- (of Licensed, Registered, and Certified Companies & Businesses):
- Annual licensing fees
- Annual registration fees
- May have multiple License, Registration, and Certification costs (annually)
- Continuing Education Costs
- Uniform Costs (if multiple Employees/Helpers - even if there are just printed T-shirts)
- Sometimes multiple vehicles on the road (Annual maintenance & repairs)
- Trailers (Annual Maintence & Repairs)
- May spend more on Advertising
- May have a shop or location requiring rent or mortgage payments
- Fuel use (like all companies)
- Cell phone/phone & message service costs (may also have multiple phones to pay for)
- Workmans Comp Insurance for himself and/or other workers
- Liability Insurance for the scope of work they do
- May have multiple vehicle insurances
- Shop/Building insurances
- Liability insurances
- Umbrella coverages and/or additional insurances to cover larger projects
- Accounting costs (to cover larger projects and workers if they have them)
- May use a payroll service (to ensure record keeping & tax payments)
- May have a larger array of heavier service grade tools & equipment (Maintenance & general annual costs)
- etc, etc, etc.
- Build Well -
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