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Do-It-Yourself (DIY) Question & Answer Forum
help on a few pricing scenarios
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<blockquote data-quote="sellers" data-source="post: 192779" data-attributes="member: 2357"><p>what I usually do, is for example I recently quoted 1185 for a medium sized kitchen rewire, new cu and rewire the sockets in 1 room. I first price each point at 40quid, then 300 for the cu and 150 for the cooker circuit. I then price up materials +15% minus it off that total. Then whats left is what I should make out of the job. In this instance materals were roughly 280 from memory. So that leaves 905. I estimated it would take maximum at worst 3days - 600. So i make a healthy profit of 305 ontop of my decent wage. Realistically and most of the time I would try and make these 2 pricing methods meet in the middle, so I would have put it down to 205 profit and taken 100quid off the quote but as this is a kitchen with trades being organised by the householder I know problems will occurr so I left it in this time to allow some leeway.</p><p></p><p>I hope the customer doesn't see this, I haven't second fixed or been paid yet!</p></blockquote><p></p>
[QUOTE="sellers, post: 192779, member: 2357"] what I usually do, is for example I recently quoted 1185 for a medium sized kitchen rewire, new cu and rewire the sockets in 1 room. I first price each point at 40quid, then 300 for the cu and 150 for the cooker circuit. I then price up materials +15% minus it off that total. Then whats left is what I should make out of the job. In this instance materals were roughly 280 from memory. So that leaves 905. I estimated it would take maximum at worst 3days - 600. So i make a healthy profit of 305 ontop of my decent wage. Realistically and most of the time I would try and make these 2 pricing methods meet in the middle, so I would have put it down to 205 profit and taken 100quid off the quote but as this is a kitchen with trades being organised by the householder I know problems will occurr so I left it in this time to allow some leeway. I hope the customer doesn't see this, I haven't second fixed or been paid yet! [/QUOTE]
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help on a few pricing scenarios
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