Curious what’s actually working for everyone in today’s market with rising material costs and labor rates.
Currently - I do time + material and then add in my overhead/profit % and I still get tons of kick back. Other big electricians in my area charge 3-4x the amount for something that I do and it works for them. I can't wrap my head around it.
Flat Price
what area are you in? im just starting out and i would greatly appreciate any helpful advice youd be willing to share with me.
We're based in Philadelphia. How about you? I'd be happy to help. First thing I would do is figure out what is your overhead.
Flat rate pricing for my business. Seems to work the best for us.
For over 20years ive done time and material but now are switching to flat rate to try to boost profits and limit blowback from owners and it seems to be working
I use a mix of both. Since I just started my business less than a year ago. Once I figured out my expected future overhead as in 6-12 months ahead and figured out what my potential employees labor would be plus an amount added onto that I get my labor rate. Then you go into the actual materials with a decent markup I feel like I wouldn’t mind paying for. And boom all profit is fixed with in the job but if you have some well off clients add some more especially if it’s a pretty serious job. The only work I don’t get is the cheap clients that rather have a handyman doing it.
