Paint to ride!
How much of an increase do you guys do on a basic bid per year? 5% 10%?
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.
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.
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.
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.