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.
So I guess It'll be 8% next year.
Pricing from year to year.
How much of an increase do you guys do on a basic bid per year? 5% 10%?
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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.
BPTL
curious where you are located?
curious where you are located?
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.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.
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
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 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.BPTL
curious where you are located?
My price would remain basicaly the same, just have to get more jobs done faster because of the man hr's ,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.
BPTL
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.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
BPTL
Are you getting close to 40% of bids?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.
BPTL
funny...you're actually closer than I am to Ridgefield, lol - I'm sittin' pretty close to the CT/RI border...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.
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.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.
BPTL
1 - 12 of 12 Posts
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