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
I bill $100 an hour, four hour minimum. I don't to stairs but the Florida stairman does.
That's nothing. I bill $400/hr, three week minimum.
So far, no takers, but that's besides the point.
There is an old formula that applies to almost any manufacturing business that goes something like this:
30% Materials 30% Labor 30% Overhead 10% Profit ++++++++++++++++++ 100% = Sell PriceSometimes 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.
YMMV
Lew
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...
X 2
= Selling price
i.e. 50% profit
Lew Hodgett wrote:
In my industry we are lucky to sell at 2X material and still have to pay the labor, overhead, etc. Guess we are in the wrong business.
The 'safe' figure to use is "an arm and half a leg"
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'.
Judging by the spelling, you are in a Commonwealth country, so local conditions will be key, but in Washington, DC casual labor retails at $80/hour. Skilled goes higher.
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.
Edw>>For whatever it is worth... After years of working with manufacturers,
Unless you actually ask him a stair question, then he disappears.
Barry
He's probably busy in the kitchen roasting a chicken.
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