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Old 04-12-2009, 06:47 PM   #1
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Need Some Help with Estimating/Labor prices


I'm steping into this business with blinders on. I'm fairly well rounded
in the Construction and Remodeling fields. My problem is, I never actually had to give a price quote or Estimate. I've been getting my feet wet with friends and family. But I seem to low balling myself., coming away with little or nothing to show for it. Is there a standard as to what you charge ex: per foot/ pre hour/. I have an upcoming basement frame out, and don't want to get burned as it is a fairly decent sized job.

any advice or help would be greatly appreciated...
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Old 04-12-2009, 08:26 PM   #2
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Need Some Help with Estimating/Labor prices


The sister site to this Do It Yourself site is Contractor Talk. Be safe, GBR
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Old 04-13-2009, 07:46 AM   #3
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Need Some Help with Estimating/Labor prices


But if you post that question over there, you will be subject to abuse.

Here is the simplistic answer to your question for any given job:

Price all the materials to be used in the job down to the last screw, including consumables such as tape and poly. Add 20%

Guesstimate your time, and any helpers time. Add 50%, then markup your wages 20%.

If you are still buying tools, add 1 or 2 into the cost of each project.

Once you add that up, mark the total up another 20%, and you should be able to at least bring home lunch money. As you learn your costs better, you can tighten down the markups.
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Old 04-13-2009, 08:46 AM   #4
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Need Some Help with Estimating/Labor prices


Since this is a DIY site, we discourage contractors requesting assistance with pricing their jobs. www.contractortalk.com is a much better resource for you.
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