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Prevailing Wage Markup Question
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08-06-2009, 10:15 PM
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#1 |
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Registered User
Trade: General and Electricial in California
Join Date: Aug 2009
Posts: 2
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Prevailing Wage Markup Question
Hi all,
I was wondering how much the markup for prevailing wage is when you bid on public works for labor only. For example if the prevailing wage for an electrician wire man is $75/hr by how much do you guys mark it up after all expenses like workman comp insurance and all the other stuff. Thanks Josh |
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08-06-2009, 10:29 PM
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#2 |
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Pro
Trade: carpentry and painting
Join Date: Aug 2009
Location: massachusetts
Posts: 538
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Re: Prevailing Wage Markup Question
$3.50
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08-06-2009, 10:41 PM
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#3 | |
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Super B
Trade: General Contractor Lic. since 1985
Join Date: Mar 2007
Location: Socal Ground Zero
Posts: 4,171
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Re: Prevailing Wage Markup QuestionQuote:
Whatever the market will bear,
pay the electrician, keep the rest.
__________________
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08-06-2009, 11:09 PM
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#4 |
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Registered User
Trade: General and Electricial in California
Join Date: Aug 2009
Posts: 2
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Re: Prevailing Wage Markup Question
I am looking for any of you guys who do public works, I appreciate a good answer.
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08-06-2009, 11:21 PM
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#5 |
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Sean
 
Trade: General Contractor
Join Date: Sep 2008
Location: Cullman, AL
Posts: 4,515
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Re: Prevailing Wage Markup Question
Only you know what you require to stay in business... http://www.contractortalk.com/f16/pr...success-27899/
Don't forget that higher wages = more $ for taxes that you have to pay (your portion of SS / Medicare/ etc...) Good news - your WC rates may drop a little based on the wage being paid, but you will have to check on that |
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08-06-2009, 11:34 PM
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#6 |
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Pompass Ass
Trade: Certified Building and Certified A/C Contractor
Join Date: Jan 2009
Location: Plant City, Florida
Posts: 2,090
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Re: Prevailing Wage Markup Question
tree fiddy
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08-06-2009, 11:38 PM
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#7 | |||
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Super B
Trade: General Contractor Lic. since 1985
Join Date: Mar 2007
Location: Socal Ground Zero
Posts: 4,171
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Re: Prevailing Wage Markup QuestionQuote:
Quote:
Quote:
It may not be a good answer but
it's the only answer I've got. 
__________________
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