LumberJocks

Another Pricing Question

  • Advertise with us

« back to Sweating for Bucks Through Woodworking forum

Forum topic by 1thumb posted 09-22-2019 05:47 PM 386 views 0 times favorited 4 replies Add to Favorites Watch
View 1thumb's profile

1thumb

115 posts in 2666 days


09-22-2019 05:47 PM

I’m horrible at estimating time needed. I’m incredible slower than I think. I’ve found 4x materials works for custom finish carpentry projects, closets, built-ins, pantry’s, etc., but I don’t include installation in price just the materials x4.

You that use a similar formula for pricing, do you include installation in the 4x or add it on? Installs could take one day to a week. Thanks!


4 replies so far

View PPK's profile

PPK

1526 posts in 1319 days


#1 posted 09-23-2019 04:47 PM

sounds like a good method for you may be to use that sort of generic method (4x materials) to give your client a rough estimate, and then utilize a time and material billing method.

Without re-writing what many have already hashed out, I’ll suggest that you search “Pricing” here on lumberjocks. There are a lot of pretty good threads about it.

It is indeed hard to estimate time. I don’t think there is every a good shortcut. Every job/project is unique, and you never know what you may run into that’ll increase the time.

Perhaps one of the best things you can do is keep track of how long it takes you, and then just rely on your history. For example, if it took you 15 hours to trim out 2 apartment units, then chances are it’ll take you ABOUT 15 hours to trim out the next job of two similar units!

-- Pete

View 1thumb's profile

1thumb

115 posts in 2666 days


#2 posted 09-23-2019 09:56 PM

Thanks Pete

View WoodenDreams's profile

WoodenDreams

742 posts in 420 days


#3 posted 09-24-2019 06:34 AM

when i give a estimate on restorations, i break the job into a step by step mode that i plan to do (front back sides top & bottom). on a separate estimate sheet i’ll list each step (what i’m doing & material) give each step a time and material price i think it will need. do that to each step. then add it all up for labor plus materials. sometimes it will seem like a high quote. but. your less apt to short change yourself. on my other builds i have a set rate for the build plus the extras. the extras is what increases my profit ratio.

View 1thumb's profile

1thumb

115 posts in 2666 days


#4 posted 09-24-2019 10:34 AM

Thanks Wooden. I did the 4x materials + install.

Have your say...

You must be signed in to reply.

DISCLAIMER: Any posts on LJ are posted by individuals acting in their own right and do not necessarily reflect the views of LJ. LJ will not be held liable for the actions of any user.

Latest Projects | Latest Blog Entries | Latest Forum Topics

HomeRefurbers.com