Hello everyone…I wanted to take advantage of all of the good advice that I always read on this site. I 2-3 years into doing side work in the Baltimore area. It’s not my main job, and probably never will be, but I enjoy it greatly. I’ve done like most new guys and got the national estimator books, read the forums, did the research, and talked to the contractors that I could to get job pricing estimate experience. Lately, I been getting into bigger jobs that I’m unsure how to price to make sure that I am being fairly compensated for my efforts. There is one job currently that I am looking to estimate and would very much appreciate anyone’s opinion on if I’m hot or cold. I bid by the job, and to come up with that number I bid each part of the job separately and then sum it all up. Then I bounce that number against an general hourly rate of ~$35/hour to see if the numbers are close.
Here’s the job:
This is finishing of a basement bedroom and bathroom 4000 ft^2 house (Home price 1.1 million). The room is 20’ x 14’ with 9 foot ceilings. The jobs includes
Bedroom
Walls were framed when the house was built. Concrete floor.
-framing a 24” x 70” closet with double 36” doors
-full electrical(outlets, ceiling fan, recessed lights, cable, tele)
-drywall of the entire room and ceiling (hanging, taping, finishing)
-full base, chair and crown
-prime and paint of the walls(3 walls one color, 1 wall another)
-painting of the trim
-berber carpet installation
-material pickup
For this job, I estimate that everything listed for the bedroom will take me about 80 hours. By my hourly method that comes to about $2800 + materials. If I bid by the job, I came up higher at $3500 + materials. ???????
Bathroom
Walls were framed when the house was built. Concrete floor. Rough plumbed, and finish plumbing will be completed by a sub plumber.
-full electrical(outlets, exhaust fan, recessed lights)
-drywall of the entire room and ceiling (hanging, taping, finishing)
-prime and paint of the walls
-painting of the trim
-12x12 floor ceramic tile
-material pickup
For this job, I estimate that everything listed for the bathroom will take me about 40 hours, not including the work done by the plumber. By my hourly method that comes to about $1400 + materials. If I bid by the job, I came up higher at $2200 + materials. ???????
I don’t have all the workman’s comp, worker salaries (I work solo), overhead. About the only costs that I have is gas and tool upkeep and replacement.
Please send me any thoughts that you have.
Here’s the job:
This is finishing of a basement bedroom and bathroom 4000 ft^2 house (Home price 1.1 million). The room is 20’ x 14’ with 9 foot ceilings. The jobs includes
Bedroom
Walls were framed when the house was built. Concrete floor.
-framing a 24” x 70” closet with double 36” doors
-full electrical(outlets, ceiling fan, recessed lights, cable, tele)
-drywall of the entire room and ceiling (hanging, taping, finishing)
-full base, chair and crown
-prime and paint of the walls(3 walls one color, 1 wall another)
-painting of the trim
-berber carpet installation
-material pickup
For this job, I estimate that everything listed for the bedroom will take me about 80 hours. By my hourly method that comes to about $2800 + materials. If I bid by the job, I came up higher at $3500 + materials. ???????
Bathroom
Walls were framed when the house was built. Concrete floor. Rough plumbed, and finish plumbing will be completed by a sub plumber.
-full electrical(outlets, exhaust fan, recessed lights)
-drywall of the entire room and ceiling (hanging, taping, finishing)
-prime and paint of the walls
-painting of the trim
-12x12 floor ceramic tile
-material pickup
For this job, I estimate that everything listed for the bathroom will take me about 40 hours, not including the work done by the plumber. By my hourly method that comes to about $1400 + materials. If I bid by the job, I came up higher at $2200 + materials. ???????
I don’t have all the workman’s comp, worker salaries (I work solo), overhead. About the only costs that I have is gas and tool upkeep and replacement.
Please send me any thoughts that you have.