Going to be new at this soon

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Jerseydaze

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I'm taking the exam in January and once I pass I will consider becoming a contractor is there a good source for sample contracts and a good sourse for pricing in the North Jersey area.My old boss always kept his method of pricing to himself as far as I could tell he just picked a number from thin air.
 
Re: Going to be new at this soon

Originally posted by Jerseydaze:
I'm taking the exam in January and once I pass I will consider becoming a contractor
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Good Luck!

Originally posted by Jerseydaze:
is there a good source for sample contracts and a good sourse for pricing in the North Jersey area.
Click to expand...
A sample contract will vary by the degree of the project. A one page contract for hanging a few fans is fine...a one page contract for wiring Giants Stadium is doomed.
I have a four (or so) page contract that is pretty generic. I edit it for each project...at least at one point I did - now I have copies that range from 1 to 9 pages, depending on the project.

Originally posted by Jerseydaze:
My old boss always kept his method of pricing to himself as far as I could tell he just picked a number from thin air.
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Some ECs can do that - but that comes with experience.
Some ECs are strictly "on the clock" (T & M)
Some will use one of the many estimating programs available - Means, McCormick, Accubid, National Estimator..etc.
Again, it all depends on what YOU need. If your jobs are small to medium ~ get the National Estimator (32.99 @ Amazon)

If your jobs will be large to gargantuan ~ research the other titles and see what fits your needs.

BTW, have you subscribed to :
Mike Holt's Newsletter
EC&M
Electrical Contractor (http://www.ecmag.com/)
 
Re: Going to be new at this soon

I failed my exam the first time, study study and study. Here is one idea, have your friend call you boss up and ask him how much he will charge for a job such as panel instail, rec. replacement ect. I've bought Mike Holts estimating books and video I've learned alot. Best thing i would say to do is buy only the tools that you would need to do small jobs don't go over board. Buy tools as you need them for projects. I saved up $5,000 for my business and got a credit card with no interest for one year and i bought every thing i needed on that from some supplies and a contractors cap. even when the interest kicks in tell the company your having a hard time getting money for the bill and they might lower your interest rate. Hope this helps some. GOOD LUCK
 
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