Flat rate pricing

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brian john

brian john

Senior Member
Location
Leesburg, VA
Rewire said:
This term was coined by the loser.Of course in todays world were everyone gets a medal just for showing up I can see how many will buy into this "win,win" nonsense.
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25 years in business and supporting my family, what to hell do I know about electricity or running a company, sorry my insight is topped by your superior experience and knowledge.

Have to sign off filing chapter 11 today.
 
mtfallsmikey

mtfallsmikey

Senior Member
Doesn't matter what the method is, as long as everyone's making money, and happy with the money they are making, who is anyone to judge?...I spent 25 yrs. in the mechanical contracting biz, some work was T&M, some flat rate, some fixed price contract...dunno if there are any of the same type of high-flying flat-rate huckster-shuckster proponents/seminar givers
in electrical contracting like there are in the plumbing field or not, but to each his own...both ways can make money IMHO.

Frank Blau was the first flat-rate proponent 20 yrs. ago
 
brian john

brian john

Senior Member
Location
Leesburg, VA
Rewire said:
didnt mean to hurt your feelings
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You did not hurt my feelings, you came across as someone that thinks they know it all. Just as in the trade there are numerous ways to do something, the same happens in business. DIfferent approaches work with different companies, customers and people, all in how one works within the system.

If this did not work for me I doubt I would have stuck with method for 25 years.
 
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satcom

Senior Member
brian john said:
25 years in business and supporting my family, what to hell do I know about electricity or running a company, sorry my insight is topped by your superior experience and knowledge.

Have to sign off filing chapter 11 today.
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It says helper in your profile, which post do we believe the I am a helper, or I run a business. sure there are many ways to run a business, but there are many basics that have to be followed, in order to have something of value, in the long term.
 
Rewire

Rewire

Senior Member
Location
Lake of the Ozarks
brian john said:
You did not hurt my feelings, you came across as someone that thinks they know it all. Just as in the trade there are numerous ways to do something, the same happens in business. DIfferent approaches work with different companies, customers and people, all in how one works within the system.

If this did not work for me I doubt I would have stuck with method for 25 years.
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Well actually I do know it all but thats a whole different topic.Did you ever notice that when speaking in years people will almost always give a number divisible by 5.
 
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rodneee

Senior Member
know it all

know it all

Rewire said:
Well actually I do know it all but thats a whole different topic.Did you ever notice that when speaking in years people will almost always give a number divisible by 5.
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everyone on this forum (myself included) is a know- it- all...at least that is what they told me when i paid my initiation fee to join this forum....i could have joined other forums for free with a bunch of AVERAGE people...that would not be any fun...
 
bradleyelectric

bradleyelectric

Senior Member
Location
forest hill, md
Now if you look at what some of the guys that are proponent of the T&M area they are not talking about T&M on small residential jobs. The overhead numbers on jobs I believe they are talking about are a lot different then residential service work. It seems they know how long the job is going to take and add 20% over that as their NTE number to give the client a warm fuzzy feeling that the job can be budgeted.

The ball is slightly different depending on what field your playing on.
 
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satcom

Senior Member
bradleyelectric said:
Now if you look at what some of the guys that are proponent of the T&M area they are not talking about T&M on small residential jobs. The overhead numbers on jobs I believe they are talking about are a lot different then residential service work. It seems they know how long the job is going to take and add 20% over that as their NTE number to give the client a warm fuzzy feeling that the job can be budgeted.

The ball is slightly different depending on what field your playing on.
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Sure the topic was residential flat rate pricing, and some how we got into a know it all comment on the subject, myself I did plenty of industrial and commercial work, and never in my wildest dreams thought about NTE (Not To Earn) in my opinion, it is just a poor business practice, bit if someone thinks business is about trying for a negative, balance, then enjoy yourself.
 
bradleyelectric

bradleyelectric

Senior Member
Location
forest hill, md
satcom said:
Sure the topic was residential flat rate pricing, and some how we got into a know it all comment on the subject, myself I did plenty of industrial and commercial work, and never in my wildest dreams thought about NTE (Not To Earn) in my opinion, it is just a poor business practice, bit if someone thinks business is about trying for a negative, balance, then enjoy yourself.
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When you are doing Industrial and Commercial work did you give a contract proposal or just an hourly rate? Figuring a job and giving a contract amount and giving a not to exeed number isn't really different. You can just figure what you'd have as a contract amount and add 20% to it and call it a NTE. Seems like it would allow for something missed to me. I don't give NTE but personally I'd rather give a contract amount and beat the time, but I've bought vehicles from T&M jobs.

Granted we aren't talking residential service jobs.
 
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satcom

Senior Member
bradleyelectric said:
When you are doing Industrial and Commercial work did you give a contract proposal or just an hourly rate? Figuring a job and giving a contract amount and giving a not to exeed number isn't really different. You can just figure what you'd have as a contract amount and add 20% to it and call it a NTE. Seems like it would allow for something missed to me. I don't give NTE but personally I'd rather give a contract amount and beat the time, but I've bought vehicles from T&M jobs.

Granted we aren't talking residential service jobs.
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I never cared what others did with pricing, contracts priced for profit was my idea of building a business, some guys are happy to just make a weekly pay check, and pay for some tools, others want to grow a business and buy a vacation home and build a nice nest egg, it all depends on your goals, so there is no one way, but there are plenty of solid business practices that will allow anyone to make better then a pay check.
 
jmsbrush

jmsbrush

Senior Member
Location
Central Florida
I'm going to state and I mean no offense but I have found that just because someone has been doing something for a long time, does not mean that they are good at what they do. That holds true with about any profession.
 
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rodneee

Senior Member
so true

so true

jmsbrush said:
I'm going to state and I mean no offense but I have found that just because someone has been doing something for a long time, does not mean that they are good at what they do. That holds true with about any profession.
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my golf game proves your point beyond a shadow of doubt...
 
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satcom

Senior Member
rodneee said:
my golf game proves your point beyond a shadow of doubt...
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Yup, we all learn new things, and some of us accept change, and others fight it to the grave, enjoy life, and only try to changes the things you can, and if you follow your dreams with hard work, you may end up with good results.
 
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