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· Super Moderator
Licensed General Contractor, Painting Contractor, Christmas Light Installer
2,969 Posts
I charge $400 a day for labor not including paint and materials and bid jobs based on how many days to complete. So my rate per hour is $50 sometimes I work 10 or 12 hours a day when I'm extremely busy. So the rate varies. I'm not great at estimating jobs, hell, im probly not even good. if I'm not sure about how long something will take I add an extra day to the price to be safe. I need to make 2k a month just to cover all my business expenses.Work is never consistent. I charge 50 an hour because I'm under the impression that it's on the higher end of what a painters make in my area. I'm just hoping I can make enough to get me through another winter. I'll probly be out of business in 5 years if I don't figure out a better way, but that's why I'm here, to learn. Until now, i didnt know that labor and profit were 2 different things. Can you Please breakdown how to calculate overhead and profit into a price? Give a hypothetical please?
Search his previous posts. He goes into greater detail. As an aside, I can't imagine $50/hr being on the high side for any legit painting company. Good on you for taking the time to better understand. I bet I've read most of Brian's posts 2-3 times over the last 13 years and learned quite a bit from doing so.
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