Another bid

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Heres what I have,
2 story half a double, brick and furing on outside and connecting walls, about 1100 sq ft, completely gutted to furing strips.
I bid on new 100 amp service, and about 76 openings. $8620 if attached to furing and $7200 if gc stud's out walls
 
Go ahead, roll the dice!
Keep up with all your costs and your man-hours.
When your done, you will know if it was a good bid!

There are a whole lot of conditions that will affect your bid, and you have seen the job. Trust your judgement and go with it.
 
There are a lot of low cost, estimating programs out there, get your hands on one, and do a good site walk thru, and then you can throw out the dart board.
 
I do not (usually) estimate by "opening". An opening can mean many things:
- 3 ways
- hi-hats
- 15A devices
- surface mount fixtures
- ceiling fans
- etc
Each item has a different price tag.


I also do not (usually) estimate by sq. ft. Again, sq. ft can vary. A huge kitchen will have a different number than a large living room. Each item has a different price tag.

So let's say for arguements sake ( we seem to do a lot of that around here :D ), your 100A service is $1500. Using your smaller number ($7200) that leaves $5700 for the units needs.

5700/1100 = $5.18/sq. ft.
or
5700/76 = $75/opening

Both numbers seem HIGH to me. $5.18/sq. ft IS alot ~ my last job like this was more like $2 - $3/sq.ft....as is $75 for a 15A device ~ but $75 for a recessed can in the shower is budget(you lose money).

Can you give us some details on what the "openings" entail?
 
Sounds like pretty good $$$ to me . Site unseen , with a $1200 service, depending on the various conditions within the structure (labor efforts) your charge per opening is going to be between $79 & $98. With that kind of spread you stand to make $ , around here people cringe on $65 an opening.

Mike , Michigan
 
Once again I think I'm living the wrong part of the country. Around here, $25 to $30 per opening is standard, recepts and switches only. Cans, fans, dimmers et al are not part of that price however.
 
Tom,

$25 to $30 per opening, were prices from the late 80's, i think material, and labor prices, have changed a bit in 20 years.
 
The fact he is in Arizona watching a tumble weed roll by and your in Jersey watchng Mercedes roll by might make a difference. I would rather we all make $75 a receptacle.

He may not be $75, but even AZ has a cost index, Housing costs, are lower there, then the northeast, however, the cost of living increases everwhere, and i am sure, his business overhead, and operating expenses have increased in the last 20 years.

The wealth index for NJ has decreased over the last 20 years, and increased for AZ.
 
bradleyelectric said:
The fact he is in Arizona watching a tumble weed roll by and your in Jersey watchng Mercedes roll by might make a difference. I would rather we all make $75 a receptacle.

I'd rather be IN the Mercedes watching the tumbleweed roll by :D


Is a Mercedes any cheaper in AZ than NJ?
 
So you guys are saying that when you bid a residential job, you figure $75 for every single gang, $225 for every 3 gang, etc. Wow......there is no way the economy around here ( Northwestern Wisconsin ) would ever support prices like that. That is what the determining factor is. I do 95% of my work in WI. AZ would bring higher pricing but I can't spend too much time there just yet. FWIW....Mercedes are a dime a dozen in AZ, in WI it's what is a Mercedes?
 
Tom,

Every section of the country, has a wealth index, for every city, and town, and they all differ, that is why you can't ask someone, how much do you charge for a given task, because it will differ from one area to another, what will not differ, is your overhead, and operating costs they are fixed, your profit can be adjusted up or down, but the fixed costs, are payouts, amounts you pay others to stay active in business, to arrive at job cost, you need to know the time it takes to do a given task, then add your overhead, and operating costs, for that given time, add in the material with it's burden costs, and mark-up, then add in your desired profit.

The dollar amount, comes from what it costs to do a job in a certian area, where, there is a known cost index, and a known overhead for the contractor.

I can't get that price, is usually, because no ligit price, has not been tried in a given area, not because the area is in a low wealth index.

If your in an area that is depressed, then prices will be on the low side, if your in a wealth area, prices will be on the up side, and remember some areas will not support more than a few contractors, depending on the population, so no matter how much you charge, the work will not support a business.
Before striking out in business, the area should be checked to see if it will support a contracting business, a mistake many make, they jump in before checking the area.
 
satcom said:
Before striking out in business, the area should be checked to see if it will support a contracting business, a mistake many make, they jump in before checking the area.

So how does someone go about checking to see if an area will support another contracting business?
 
Jeff, were are in close proximity to each other. What is the normal price per opening in your area? Im in a semi rural part of Northwestern Wisconsin.
 
I don't know what price per opening is in my area; I don't know any contractors that price that way. Then again, I don't do new construction (I stick to remodel jobs), so I'm probably not the best source of information. I either do T&M or look over the job and give a fixed bid based on what I see. I think price per opening is really only a valid way to price if you have a "standard" job, I haven't had one of those yet. Every job is different, so I know I'd get burned if I had a standard price that didn't take into account all the variables.
 
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