ishium 80439
Senior Member
Over the years of reading this forum I've noticed that there are those who feel that you should not become a contractor unless you are a masochist or a business genius who could sell sandboxes in the Sahara. I can't say I completely disagree with this view.
To that end I wanted to put some facts and figures about a small job that I just finished and have you guys pick it apart.
I made a trip to the site to bid on the job. It is about 35 minutes away.
The job was installing 3 sloped ceiling cans in a newly framed roof over an existing porch. They are controlled with existing sconces in the work area and were an easy fish. There was a touch of demo getting rid of a few wires for an electric awning. In addition I provided and installed a plug in transformer and 1 LV yard light to sign on the address sign (I usually use better fixtures but the circumstances of this job made using HD stuff a better fit). Inside I installed a 3way dimmer for the recessed lights and R&R'd an owner provided wall timer on an unrelated circuit.
The permit fee was included with the building permit. My permit activity was handled via phone and fax and both times there was someone on site to meet the inspector.
Material came to right around $220.
The first day was me for 2.5 hours and a helper for 3. The finish was me for 2.5 hours. The helper I used has a side business doing handyman work (he is a licensed RW) and has his own insurance. I paid him $19/hr as a 1099 employee (note that this was before I realized that CO did not allow electrical work to be subbed to anyone but a licensed EC).
So $819-$220=$599-$57=$542. As an employee I figure about $35/hr w/ burden for myself. Which leaves $542-$175=$367.
So tell me did I make money on this job? What am I leaving out? What would you have bid it for? Any other questions or comments?
I'm truly trying to get a grip on numbers and sell prices. I feel that I did OK on this one but it always seems that I forget to factor something in. What do you think?
To that end I wanted to put some facts and figures about a small job that I just finished and have you guys pick it apart.
I made a trip to the site to bid on the job. It is about 35 minutes away.
The job was installing 3 sloped ceiling cans in a newly framed roof over an existing porch. They are controlled with existing sconces in the work area and were an easy fish. There was a touch of demo getting rid of a few wires for an electric awning. In addition I provided and installed a plug in transformer and 1 LV yard light to sign on the address sign (I usually use better fixtures but the circumstances of this job made using HD stuff a better fit). Inside I installed a 3way dimmer for the recessed lights and R&R'd an owner provided wall timer on an unrelated circuit.
The permit fee was included with the building permit. My permit activity was handled via phone and fax and both times there was someone on site to meet the inspector.
Material came to right around $220.
The first day was me for 2.5 hours and a helper for 3. The finish was me for 2.5 hours. The helper I used has a side business doing handyman work (he is a licensed RW) and has his own insurance. I paid him $19/hr as a 1099 employee (note that this was before I realized that CO did not allow electrical work to be subbed to anyone but a licensed EC).
So $819-$220=$599-$57=$542. As an employee I figure about $35/hr w/ burden for myself. Which leaves $542-$175=$367.
So tell me did I make money on this job? What am I leaving out? What would you have bid it for? Any other questions or comments?
I'm truly trying to get a grip on numbers and sell prices. I feel that I did OK on this one but it always seems that I forget to factor something in. What do you think?