What hourly rates do you folks use for:
1) 1 person field crew
2) LS
3) Computations & drafting (CAD)
and if you estimate & bill jobs lump-sum, do you end up making the above rates?
Thanks! SS
All I can say about us is that we target at least a 3.5 multiplier of wages for hourly rates. Lump sum varies greatly depending on the type of job with a clear goal of being substantially above the 3.5 multiplier. Lump Sum is where you can really make $.
I use Lump-Sum on everything.
extra work is negotiated case by case, based on actual cost, and I include my desired Profit.
Lump sum for almost everything, otherwise $200 an hour. I usually beat that rate on lump sum.
Very dangerous topic, folks.
If your clients aren't complaining, you're not charging enough.
~Dan Beardslee
Very dangerous topic, folks.
Not really. There's no law against discussing your billing rates. What somebody else does with that information is up to them. The laws against price fixing are all about collusion. You know, agreeing to charge the same amounts to eliminate competitive pricing.
Suuuuuuure.
You can find most firms rates in the meeting minutes of almost any municipality. It can take some digging, but there is a ton of info out there. It's all publicly available in situations like that. Not a dangerous topic at all IMO.
You can find most firms rates in the meeting minutes of almost any municipality.
Very True. Nevertheless, most savvy business people have a billing rate list for public consumption, and another, private, one for calculating fixed fee proposals.
Taboo topic.
PLS hourly rate...
The subject would be taboo if the people discussing it had a significant market share. That's obviously not the case here.
