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Paint to ride!
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Discussion Starter · #1 ·
How much of an increase do you guys do on a basic bid per year? 5% 10%?
 

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FT painter/FT dad
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Good question. I haven't experienced this yet. But...next year I will raise my hourly rate. Probably $3/hr. more.

So I guess It'll be 8% next year.
 

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Paint to ride!
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Discussion Starter · #3 ·
I bid at $50.00 per hr on most of my jobs or a minimum of $400. per day plus paint. If it is 4 hr or 8 hr . I don't do half price days. I also bid my exteriors at $500.00 = $62.50 per hr per 8 hr day plus materials and gas added. At these rates I sell about 40% of what I bid. This year I found on 2 of the last 3 jobs (exteriors) I bid I was the low bidder. I may need to increase my rates at least on exteriors.
 

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FT painter/FT dad
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BPTL

curious where you are located?
 

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The Lurker
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I bid at $50.00 per hr on most of my jobs or a minimum of $400. per day plus paint. If it is 4 hr or 8 hr . I don't do half price days. I also bid my exteriors at $500.00 = $62.50 per hr per 8 hr day plus materials and gas added. At these rates I sell about 40% of what I bid. This year I found on 2 of the last 3 jobs (exteriors) I bid I was the low bidder. I may need to increase my rates at least on exteriors.
I am very close to what you are bidding, what would you do if you were a two man crew completely double your price?? just wondering.
 

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Paint to ride!
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230 Posts
Discussion Starter · #8 ·
I am very close to what you are bidding, what would you do if you were a two man crew completely double your price?? just wondering.
My price would remain basicaly the same, just have to get more jobs done faster because of the man hr's ,
BPTL
 

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Paint to ride!
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230 Posts
Discussion Starter · #9 ·
As a general rule, my price increases are dictated by an increase in expenses. If my expenses increase 10% then my prices would go up 10%.

There are exceptions. For example, if my backlog gets longer than I like I may increase prices to reduce the backlog. Or I may add production help rather than increase prices.

Brian Phillips
I have been doing the same, mostly in the last 3 years just adjusting for gas and the paint increases, but I am going to bump up my exterior prices this year especialy now that I am booked for about a month.
BPTL;)
 

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FT painter/FT dad
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1,254 Posts
I am in a little town near Newberg NY. I am curently finishing a job in your area, Ridgefield CT. it is about 1 hr from me.
funny...you're actually closer than I am to Ridgefield, lol - I'm sittin' pretty close to the CT/RI border...

keep coming to CT for work as much as you can though...this is where all the $ is.
 

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Paint to ride!
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Discussion Starter · #12 ·
funny...you're actually closer than I am to Ridgefield, lol - I'm sittin' pretty close to the CT/RI border...

keep coming to CT for work as much as you can though...this is where all the $ is.
I didn't know exactly where you are in CT,I don't go to CT too often but it is within striking range. I know the money is good there I worked in Stamford doing commercial work some years ago, the sqft there was much better than in NY.
BPTL
 
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