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Elec Sub Does This Guy Not Want To Work With Me

 
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Old 04-16-2007, 07:31 PM   #41
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Re: Elec Sub Does This Guy Not Want To Work With Me


mustve done my math wrong, the labor alone puts me at 2k

but I still don't see 3k from the parts that were listed. And may labor rate has the profit figured in.

Now go ahead and "WOW" me with all your fancy talk.......

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Old 04-16-2007, 08:03 PM   #42
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Re: Elec Sub Does This Guy Not Want To Work With Me


Quote:
Originally Posted by Sparky Joe View Post
mustve done my math wrong, the labor alone puts me at 2k

but I still don't see 3k from the parts that were listed. And may labor rate has the profit figured in.

Now go ahead and "WOW" me with all your fancy talk.......
Yabba, dabba, doo!

I'll just say that I've done more basement fit-outs than I could ever remember, and 4-5K is about what the electrical is running. Remodels are billed more like service work, and not like construction. There is often more required than meets the eye, and you can upsell cans and fans so easily. Add the CATV's they forgot about, and start to talk about network jacks and slide dimmers, and you're at or over 5K in a hurry. Hey, panel's full, and it doesn't take tandems. Where are we putting these 3 or 4 new circuits? Woo-hoo, subpanel time... cha-ching! How about a chime downstairs so you can hear if someone's ringing the door? Good idea! Cha-ching! It doesn't take long for things to rack up.

Last edited by mdshunk; 04-16-2007 at 08:10 PM.
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Old 04-16-2007, 08:19 PM   #43
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Re: Elec Sub Does This Guy Not Want To Work With Me


Quote:
Originally Posted by mdshunk View Post
Yabba, dabba, doo!

I'll just say that I've done more basement fit-outs than I could ever remember, and 4-5K is about what the electrical is running. Remodels are billed more like service work, and not like construction. There is often more required than meets the eye, and you can upsell cans and fans so easily. Add the CATV's they forgot about, and start to talk about network jacks and slide dimmers, and you're at or over 5K in a hurry. Hey, panel's full, and it doesn't take tandems. Where are we putting these 3 or 4 new circuits? Woo-hoo, subpanel time... cha-ching! How about a chime downstairs so you can hear if someone's ringing the door? Good idea! Cha-ching! It doesn't take long for things to rack up.
All of that does add up, but for what was mentioned I don't see more than 3k(yes that is a k more than before my math error)

But still none of it adds up to why you acted like an a$$hole
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Old 04-16-2007, 08:43 PM   #44
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Re: Elec Sub Does This Guy Not Want To Work With Me


Mac I want all my subs to make money when they work with me. It makes them want to work with me more and leads to long lasting relationships that work for both parties.

I never assumed a typical basement remodel was less than 4.5K I just did not think this one was seeing as I only needed one extra circuit at the time of estimate.

Now we have three more circuits down there due to two refrigerators and a dishwasher.

I want my electrician to think cha ching when the home owner starts adding on stuff that he has to deal with, but I need a base number to get him in the door.
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Old 04-16-2007, 10:00 PM   #45
 
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Re: Elec Sub Does This Guy Not Want To Work With Me


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Nearly 5k sounds very high to me. I didn't read any further, but I see about 2 to 2.5 days on rough and 1.5 days of finish worth of work there.

4 days labor is easy $2000.00
and what about excessive trips for this or that, and what about the employee who had a 2.5 day rough and shot himself in for 3?
and the 1.5 day finish that he drug out to 2 so he didn't have to lug all the tools in and out again for those 8 hours on the time sheet?

Now you're talking 5 days labor for $2,500.00
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Old 04-17-2007, 06:11 AM   #46
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Re: Elec Sub Does This Guy Not Want To Work With Me


very rudely and crudely, not accounting for dimmers, smoke detectors, tv, phone, or anything that would also be required.

just with the numbers provided in the OP, outlets, recessed lights, fans, 1 dedicated ckt, etc

Here is a rough breakdown:

Material cost - $845
Labor Hours (on site) - 30 (extra time was allotted due to drop ceiling)
Labor Hours (of site) - 5 (does not include travel, just material, permits, layout, estimating)
Labor cost - $48/hr (that is just the direct costs of the manpower- might even be a little low)
Total labor - 35 * 48 = $1680

Total costs - $2525

OH (in a remodel it's 20% due to extra setup and teardown, no prints, etc) (oh, for us, we use margins, not markups, just the way we do it)
= $631.25

Profit - we shoot for 30% on remodels/service/etc = $1352.68 (this as we no, will not be attained, but we can try)

Total cost, out the door, $4508.93

This allows me to pay my men well, cover my costs, be in business next month if there is a problem, and take my family on vacation once in a while.
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Old 04-17-2007, 07:53 AM   #47
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Re: Elec Sub Does This Guy Not Want To Work With Me


All of this pricing talk reminds me of this fact; At least 90% of all businesses fail in the first 3 years. Remember it takes at least 2 skills to be a business owner. You need the skill to do the job, and the either the business sense and skill to run a business, or the inteligence to ask for help.

I see this job costing in the nieborhood of 5K. Anything less than 4k and I would ask how you would pay all the bills, not for just materials, that a business has.
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Old 04-17-2007, 05:34 PM   #48
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Re: Elec Sub Does This Guy Not Want To Work With Me


I guess where the disconnect occurs for some builders, is that they're used to getting "Run-Fast Electric" to ruff homes for 4 or 5K. Then, they get some good, qualified guys that do nice service work and remodels, and they're surprised that the same 4 or 5K only gets them a few rooms wired in a basement. Different skill set, different guy (pay wise), and more administrative costs with remodels, and the list goes on. Remodels are generally also "fancier" then the plain-Jane minimal new house wiring jobs.
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Old 04-17-2007, 08:54 PM   #49
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Re: Elec Sub Does This Guy Not Want To Work With Me


Isn't this the job market that all of you guys aim at?
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Old 04-17-2007, 09:05 PM   #50
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Isn't this the job market that all of you guys aim at?
which job market?
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Old 04-18-2007, 11:30 PM   #51
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Re: Elec Sub Does This Guy Not Want To Work With Me


The market of doing small residential projects, that you call 'service'???
How do you remain competitve???
I suppose it's all 'word of mouth'.

I noticed one guy mentioned he couldn't pay the bills, and it makes me curious if you guys have an hourly rate???
Does not this rate include paying the bills???
I guess not if you can't keep guys working, but I can see myself living very nicely keeping 4 guys busy at a bare minimum hourly rate.
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Old 04-19-2007, 09:42 PM   #52
 
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Re: Elec Sub Does This Guy Not Want To Work With Me


joe, what do you call a bare minimum rate?

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