Iam looking for a good sorce of imfo for build up labour rates for
making custom joinery from windows to stairs .I know that all
workshops are different ,and people do things in a different way ,but
all the same looking for some imfo that i can bulid on in spread sheet
format . Thanks
There is an old formula that applies to almost any manufacturing
business that goes something like this:
100% = Sell Price
Sometimes you need to massage the labor and material numbers a little bit.
For example, if the materials used have a lot of waste, might use only
10%-15% for materials.
It works for me.
For whatever it is worth... After years of working with manufacturers,
they still seem to be fond of the "two times" table -- and if not they
seem to fail...
= Selling price
i.e. 50% profit
Lew Hodgett wrote:
Well - I thought you had at least a reasonable answer. :-) I have
noticed that most people seem to forget that they are also charging for
the tools and transportation - not just labour and materials.
Last few car repairs I notice the shop rate varied form $65 to $105
depending on the shop and the overhead in terms of specialty equipment.
As long as you provide value for money people will pay your rate - no
matter how high or low.
Edwin Pawlowski wrote:
The 'safe' figure to use is "an arm and half a leg" <grin>
Any 'realistic' answer is going to have an uncertianty range of _at_least_
a factor of five, more likely ten. Which is so broad as to make it 'useless'.
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