Billing

billcrc

hi has anybody out there had the pleasure of billing an insurance company for work they have performed ? if so how is the bill supposed to be broken down for instance did you put your overhead and profit in as a line item or just spread it out in other items to bury it?

480sparky

I don't break down my bills. The job is $X.

The only thing I will itemize is specifically what the job entailed.

For instance:

"Replace Federal-Pacific panel with UL listed panel. Locate & replace non-functioning GFI receptacles. Repair ceiling fan in master bedroom........
"

__________________
Site : the area or exact plot of ground on which anything is, has been, or is to be located.
Sight : The power or faculty of seeing; perception of objects by use of the eyes; vision.
Cite : To mention in support, proof, or confirmation; refer to as an example.

Tinstaafl

What he said. It's none of their business what your overhead and profit is; only how much it cost to have the work done.

Mud Master

Some companies will ask for a breakdown of:

Labor: $x.xx
Material: $x.xx
Mark-Up: $x.xx

Total: $x.xx

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In fact alot(not all) of the GC's/CM's I work for require that format for proposals, invoices and PR's (Payment Requisitions).

However, no way in hell do you spell out your overhead or profit in your invoice, wether it be to an insurance company, general contractor, investor, homeowner, santa clause, etc...

If I were you I would call whoever you delt with and asked them how they want the invoice laid out.

If it were me however I'd just bill it out like this:

Performed: A,B,C,D,E,F,G.....

Total amount due per proposal: $************xx.xx
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Or if it was T&M

Performed: A,B,C,D,E,F,G....

Labor: 2 mechanics 2 hrs @ $65.00/hr = $260.00

Material: $1.00

Mark Up: 15%

Total: $261.15

P.S. Don't use the numbers I put, you'll probably lose money

Good Luck!

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480sparky

If that's what I was required to submit, I would insert the following:



Labor: $0
Material: $10,000
Mark-Up: $0

Total: $10,000

__________________
Site : the area or exact plot of ground on which anything is, has been, or is to be located.
Sight : The power or faculty of seeing; perception of objects by use of the eyes; vision.
Cite : To mention in support, proof, or confirmation; refer to as an example.

stevelind7

All I know is that you must bill for everything you can think of.

gas, ins., tools( rental of your own) tolls, everything or the Ins. Co. will only pay for the bare minimum. Why do you think they have such nice buildings..

Ins. are in the business of collecting preminums and denying claims.

I've heard that they deny 50% of claims which are ligit. and hope people won't resubmit and of that 50%, 50% are denied and so on and so on.

Just a total numbers game.

gene2

I will list what was done & the total cost. No cost listed by line item. Does the insurance company list their charge by agent's commision, investments earned etc? No you get a bill covering specific items. Itemizing just opens the door for nitpicking you to death.

billcrc

thanks to all of you who replied your input is informative and appreciated

Jordy3738

Lump sum and break out a few options occasionally if requested. Itemization is not something that I have ever offered to anyone. I think it leaves too much room for people to question your services.

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