Forum Discussion

jrselectric's avatar
jrselectric
Contributor 3
24 days ago

Electricians - Are you charging time & material or flat rate right now—and why?

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. 

4 Replies

  • what area are you in? im just starting out and i would greatly appreciate any helpful advice youd be willing to share with me.

    • jrselectric's avatar
      jrselectric
      Contributor 3

      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. 

  • PEI's avatar
    PEI
    Contributor 2

    Flat rate pricing for my business.  Seems to work the best for us.