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Posted on 8/3/23 at 8:25 am to Trevaylin
quote:
expecting to be paid 139 $/hr
If someone is charging you $100/hour
Costs (average)
$30/hour
+ 3.5% daily for health benefits
+ $86 daily for vehicle
+ $100 daily for fuel
+ 1% payroll tax expenses
+ 0.5% holiday pay
+ 0.2% Workers Comp
+ 3.0% 401k
That roughly leaves about a 30% GM on that day just on labor. Out of that 30% ($300), the company or owner then must pay rent, utilities, insurances, accounting, administrative help, PTO, fix equipment/buy new equipment, etc...then after all of that he/she may have a little bit left to pay themselves.
Posted on 8/3/23 at 12:50 pm to subMOA
quote:
Friend calls me. All pissed off because someone quoted him $3500 bucks to come mulch an acre of trees he has.
One of the next big purchases I am going to make is a high flow erop Cat 289 and a drum mulcher to keep up some acreage. I haven't shopped much yet but looks like that's around $125k. I got a great deal on a 16' Toro batwing mower that if I wanted new would be around $120k. I don't do land maintenance (though I've been kicking around the idea of starting something in my down time), but if I did, I would have to charge what many land owners would think insane amounts because of the equally insane cost of equipment, insurance, diesel, and either my time or an operator's time.
I am in commercial construction and thankfully am not constantly dealing with ignorant home owners.
Posted on 8/3/23 at 1:02 pm to Hawgeye
so 186 dollars per day fuel and vehicle means I should be using a ac guy from Lake Charles for my Baton Rouge house.
Posted on 8/3/23 at 1:08 pm to Trevaylin
quote:
so 186 dollars per day fuel and vehicle means I should be using a ac guy from Lake Charles for my Baton Rouge house.
I don't get it. DO you think that is too much? Not enough?
A daily rate for a vehicle accounts for the purchase of the vehicle, depreciation, maintenance, insurance, and a small profit. Is that not a valid cost?
Posted on 8/3/23 at 2:02 pm to supadave3
Because if my installer breaks the diamond plated bird bath while installing it - it covers me having to buy a new bird bath to install.
Posted on 8/4/23 at 4:28 pm to Magnus
quote:
contractors are probably one notch above a used car salesman
Good contractors are invaluable. Bad contractors are a dime a dozen. They’re thieves.
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