How Do You Figure Per Diem? - General Discussion - Contractor Talk

How Do You Figure Per Diem?

 
Thread Tools Search this Thread Display Modes
Old 11-06-2006, 05:50 PM   #1
Master Craftsman
 
Big Dave's Avatar
 
Trade: Rustic interior woodwork
Join Date: Feb 2006
Location: Southwest Mo.
Posts: 666
Rewards Points: 500

How Do You Figure Per Diem?


I think I spelled that right. Anyway how do you figure it or do you already have some numbers you use for gas, food, lodging?

Any insight would be helpfull.
__________________
Do one thing at a time, do it well, then move on.
http://www.bigdaveswoodworks.com
Big Dave is offline  

Warning: The topics covered on this site include activities in which there exists the potential for serious injury or death. ContractorTalk.com DOES NOT guarantee the accuracy or completeness of any information contained on this site. Always use proper safety precaution and reference reliable outside sources before attempting any construction or remodeling task!

   

Advertisement

 

Old 11-06-2006, 06:07 PM   #2
 
Brushslingers's Avatar
 
Join Date: Jul 2006
Posts: 1,559
Rewards Points: 1,000

Re: How Do You Figure Per Diem?


For a crew? Single worker. whole company? Offsite, travel? What exactly are you trying to figure out per day?

Advertisement

Brushslingers is offline  
Old 11-06-2006, 06:09 PM   #3
Member
 
TexasTimbers's Avatar
 
Trade: Building/Remodeling/Sawmilling/Blow Stuff Up Somet
Join Date: Mar 2006
Location: In the Deep South, along the West side of Northern Central East Texas
Posts: 59
Rewards Points: 75

Re: How Do You Figure Per Diem?


If you are asking for tax reasons the IRS has a figure for it depending on certain criteria. I had to go through that mess when I lost some records in a move. I started out doing myself and soon said to heck with it and turned it over to my CPA.
If you're asking for bid reasons I can't help you there.
TexasTimbers is offline  
Sponsored Links
Advertisement
 
Old 11-06-2006, 06:15 PM   #4
Master Craftsman
 
Big Dave's Avatar
 
Trade: Rustic interior woodwork
Join Date: Feb 2006
Location: Southwest Mo.
Posts: 666
Rewards Points: 500

Re: How Do You Figure Per Diem?


I'm trying to figure out what to charge for me and my family to go and install a hardwood floor. The labor on the floor I can handle but I need information on what to charge to drive out there pulling my trailer, food for the three of us and lodging.
__________________
Do one thing at a time, do it well, then move on.
http://www.bigdaveswoodworks.com
Big Dave is offline  
Old 11-06-2006, 06:22 PM   #5
 
Brushslingers's Avatar
 
Join Date: Jul 2006
Posts: 1,559
Rewards Points: 1,000

Re: How Do You Figure Per Diem?


Ahh, mileage at (gas mileage of vechicle minus 5 miles per gallon, ie my truck runs 24 highway, I charge 2.18 which is local per gallon at 19 miles per gallon), lodging within reason... plus tax and 5% per room... to the irs, you won't get away with 6 rooms at a 5 start hotel, and a food allowance per day per person, plus tax and 5% per meal. Toss in a little for wear and tear on the trailer, and overtime costs per person.. there's your per diem.

The extra 5%'s end up paying for... round of cokes, etc.

Oh btw, I normally use 5-10-15 for meals per person on travel jobs... 5 for breakfast, 10 for lunch, 15 for dinner... plus 5% (tip money really) per meal.
Brushslingers is offline  
Old 11-06-2006, 06:26 PM   #6
Master Craftsman
 
Big Dave's Avatar
 
Trade: Rustic interior woodwork
Join Date: Feb 2006
Location: Southwest Mo.
Posts: 666
Rewards Points: 500

Re: How Do You Figure Per Diem?


Thanks. That sounds really reasonable. At least it gives me a starting point.
__________________
Do one thing at a time, do it well, then move on.
http://www.bigdaveswoodworks.com
Big Dave is offline  
Old 11-06-2006, 07:09 PM   #7
Pro
 
Joasis's Avatar
 
Trade: General Contractor
Join Date: Mar 2006
Location: Hennessey, Oklahoma
Posts: 9,732
Rewards Points: 1,774

Re: How Do You Figure Per Diem?


$35 a day expenses (meals)(per person, crew guy) and $50 a night, $1 a mile, both ways. Since you are taking the family, I would guess $100 a day and a buck a mile, and 25% of the job in advance, before you load up, total expenses and another 25% when you start, and 50% when done. That is what I would do.
__________________
Ladwig Construction
Hennessey, Oklahoma
405 853 1563

Insulated Concrete Homes / ICF's
My Facebook Page
Joasis is offline  
Old 11-06-2006, 08:01 PM   #8
 
pwrpapa's Avatar
 
Join Date: Jul 2005
Posts: 246
Rewards Points: 150

Re: How Do You Figure Per Diem?


You can only write off 43 cents per mile from the irs. It's went up 10 cents with the higher fuel cost. it used to be 33 cents.
500 per week is the average per diem that I gave my men when we went out of town for work.
pwrpapa is offline  
Old 11-06-2006, 08:43 PM   #9
Contractor
 
tgeb's Avatar
 
Trade: Excavation, Foundation, Concrete
Join Date: Feb 2006
Location: Maryland
Posts: 6,714
Rewards Points: 860

Re: How Do You Figure Per Diem?


http://www.gsa.gov/Portal/gsa/ep/con...ontentId=17943

That link is to the Fed site which details the amounts allowed for a contractor to charge the government and is also what would be deductible as business expense, (I think), I am a dirt guy what the heck do I know.

But it will give you guidelines and is specific to locations, look yours up.

That is what is deductible....were you also wondering how much to charge the client? I would charge more, but that's just me.
__________________
Tom

www.gebcon.com
tgeb is offline  
Old 11-06-2006, 09:02 PM   #10
 
sheeter's Avatar
 
Join Date: Sep 2006
Posts: 41
Rewards Points: 25

Re: How Do You Figure Per Diem?


My company travels all over the place working projects from Michagan to Puerto Rico. Per Diem should be based on breakfast and dinner. Lunch usually falls on the individual because you typically buy lunch no matter where you work at. $25.00 a day is the industry standard in my area. For expenses, you should call 3 hotels that you believe to be of adequate standards and discuss rates with them. Many hotels offer corporate rates to construction workers, particularly if you stay straight through. I'm currently staying at an extended stay hotel in North Carolina, that has a kitchenette in it for $40.00 per night based on holding the room for 1 month at a time. Travel is hard to get. You either charge for drive time or charge for gas. Your gas will be tax deductible so I would recommend that you charge for drive time. You will win both ways like this.

Sheeter
"It's hard to be humble when your good"

Advertisement

sheeter is offline  


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
I messed up. ModernStyle Painting & Finish Work 10 07-22-2007 07:45 AM
Per Diem Dorzech General Discussion 10 11-18-2006 10:28 PM
Over head for home office? Txbassboy Business 11 10-31-2006 10:28 AM
I can't figure it out!!! theworx Off Topic (Non Trade) 5 09-12-2006 09:12 PM
Do you figure permit fees into your proposals? Melissa General Discussion 13 06-25-2006 12:19 PM

Join Now... It's Fast and FREE!

I am a professional contractor
I am a DIY Homeowner
Drywall Talk is for
PROFESSIONAL CONTRACTORS ONLY!

At DrywallTalk.com we cater exlusivly to professional contractors who make their living as a contractor. Knowing that many homeowners and DIYers are looking for a community to call home, we've created www.DIYChatroom.com DIY Chatroom is full of helpful advices and perfect for DIY homeowners.

Redirecing in 10 seconds
No Thanks
terms of service

Already Have an Account?