Rate Jobs

sofaking

could any tell me how much they would bid if rate was 50 per hour how much should contractor make per hour on eployees

jomama

$50? Do I win someting?

NJ Brickie

I would think a "contractor" would know this.

stacker

ten hundred one thousand and one dollar!

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Gitrdone

sofa king we todd did?

sofaking

gitrdone - richard cranium

sofaking

i just think that if employees are getting 50$ per hour contractor should make better money as well but not sure how much better thanks wise guys

Handymanservice

WTF? Rate $50 per hour, is that what you pay your employee?

Are you looking to find out how much to bill someone for your $50 an hour guy? Are you looking to bill $50 an hour and trying to figure out how much to pay your employee?

It you pay a guy $50 an hour and don't know how much to bill him to your client, how can you afford a $50 an hour guy?

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Gitrdone

you funny.

Are you talking about an employee or a subcontractor (1099)?

Employees should be billed at 3 times what you pay them (or more if you can) to cover insurance, their pay, taxes, and your O/P.

Subs should be marked up enough to cover your O/P.

NJ Brickie

If you can't figure out how to bid a job you are not a contractor. If you have no experience with government funded work and you are here looking to figure that out, you are in way over your head. There are many things involved with government work that are not in place with regular jobs. I seriously doubt your company is ready for this job if this is the avenue you take during the bidding process. Do you have enough money now to "float" the entire payroll for the duration of the job? Often times you will wait along time for your money. Do you know the Davis-Bacon act inside out? Are you ready for a certified payroll? Can you get bonded for this job? Do you have the never ended forms filled out to do government work?

sofaking

im subbing so bonding is taken care of by general i have three small jobs already to do im just wondering if i bid enough it is a new thing but there is a lot of work to bid so i want to be competive and make money
ive been in business for 15 years but rate jobs are new to me and paying 50 +per hour is scary dont need to do the work for the experience have enough of that

consolidatedbui

i cant tell you what to charge but, you should watch your labor burden and ask your comp provider if the rates or percentages will change for you regarding this crazy pay....
your normal 11% comp rate may reduce? i dont know but i heard it may..
my normal labor burden is 30%

i have an excel sheet i made but .....
my basic formula is
(rate X burden)X (QTY) + (materials and cost) X markup + permits (2-3%) or
(50 X 1.30) X 100hrs + (10,000) X 25% + 3% or
($65) X 100= $6500 + $10000= $16500 X 1.25%=$20,625 +618= $21,243

if you want my excel sheet with concrete calculator i will share it, email me yours and i will send...

www.consolidatedbuilders.org

HazMat1969

I doubt your bid will be sucessful if you are using a base pay rate of $50/hr to your subcontractor. By the time you add your own markup, overhead, and price in any risk you're certainly going to be bidding at least $65/hr which I doubt is going to win you the work.