New EC in Northern NJ, needs help!
- Thread starter mtn_elec
- Start date
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jjhoward
Senior Member
- Location
- Northern NJ
- Occupation
- Owner TJ Electric
Re: New EC in Northern NJ, needs help!
Hello Mtn,
I have been charging $150/hr for me and 1 technician for residential work. I also offer customer's the option of a fixed price. Usually, my fixed price quotes come in a little low. For large renovation jobs where the majority of the work is "new work" the quote is fixed price based on the take off of the drawings supplied. Have not done any commercial work, looking at my first commercial job this month with someone who does nothing but commercial. I don't have any commercial pricing info.
Hello Mtn,
I have been charging $150/hr for me and 1 technician for residential work. I also offer customer's the option of a fixed price. Usually, my fixed price quotes come in a little low. For large renovation jobs where the majority of the work is "new work" the quote is fixed price based on the take off of the drawings supplied. Have not done any commercial work, looking at my first commercial job this month with someone who does nothing but commercial. I don't have any commercial pricing info.
jjhoward
Senior Member
- Location
- Northern NJ
- Occupation
- Owner TJ Electric
Re: New EC in Northern NJ, needs help!
BTW Mnt,
I am in Morris cnty but have done work in Essex (W. Orange, Orange, Livingston.)
BTW Mnt,
I am in Morris cnty but have done work in Essex (W. Orange, Orange, Livingston.)
jjhoward
Senior Member
- Location
- Northern NJ
- Occupation
- Owner TJ Electric
Re: New EC in Northern NJ, needs help!
$40/outlet for new construction is a pretty rich number.
There are many mini mansions going up Essex. I would love to get involved with a good GC building those, $40/outlet would be the high end that I would charge. $40/opening, recessed lights, exhaust fans would be in a different category.
$40/outlet for new construction is a pretty rich number.
There are many mini mansions going up Essex. I would love to get involved with a good GC building those, $40/outlet would be the high end that I would charge. $40/opening, recessed lights, exhaust fans would be in a different category.Re: New EC in Northern NJ, needs help!
I don't want to sound like I want your price sheet, but I am complete lost in what is the average prices in this area. I consider myself a good electrician (like we all do, right?)but when it comes to figure out prices I am still kind of lost.I know is material + time + part of your overhead etc, but If you have an idea what others are charging then you try to work around those numbers.
I don't want to sound like I want your price sheet, but I am complete lost in what is the average prices in this area. I consider myself a good electrician (like we all do, right?)but when it comes to figure out prices I am still kind of lost.I know is material + time + part of your overhead etc, but If you have an idea what others are charging then you try to work around those numbers.
speedypetey
Senior Member
- Location
- Hudson Valley, NY
Re: New EC in Northern NJ, needs help!
I know this thread is old but I thought I'd chime in.
I am surprised that $40 is high for your area. Northern Jersey is considered higher end, in my area, the Hudson Valley, $35 - $40 per hole is the going rate. Some guys are upwards of $50.
Recessed cans get anywhere from $75-$125.
I know this thread is old but I thought I'd chime in.
I am surprised that $40 is high for your area. Northern Jersey is considered higher end, in my area, the Hudson Valley, $35 - $40 per hole is the going rate. Some guys are upwards of $50.
Recessed cans get anywhere from $75-$125.
jjhoward
Senior Member
- Location
- Northern NJ
- Occupation
- Owner TJ Electric
Re: New EC in Northern NJ, needs help!
Hey Speedy,
Thanks for the chime.
Maybe I am too cheap.
Hey Speedy,
Thanks for the chime.
Maybe I am too cheap.
speedypetey
Senior Member
- Location
- Hudson Valley, NY
Re: New EC in Northern NJ, needs help!
Yeah, don't sell yourself short.
I'd rather have just enough work at the right price than too much work at too low a price.
Yeah, don't sell yourself short.
I'd rather have just enough work at the right price than too much work at too low a price.
jjhoward
Senior Member
- Location
- Northern NJ
- Occupation
- Owner TJ Electric
Re: New EC in Northern NJ, needs help!
Much of my work is renovation type work. I find it very difficult to estimate. The "new" sections of the house are pretty straight forward, but without fail there is always some complication due to the old meeting the new. I am getting better at estmating, writing a better contract with good payment terms. But my rate is inching up on fixed price jobs. Smaller jobs (1/2 day to a full day to complete) I do for T&M at $150/hr for me and 1 tech. The T&M is OK. My fixed priced renovation quotes have to improve.
Much of my work is renovation type work. I find it very difficult to estimate. The "new" sections of the house are pretty straight forward, but without fail there is always some complication due to the old meeting the new. I am getting better at estmating, writing a better contract with good payment terms. But my rate is inching up on fixed price jobs. Smaller jobs (1/2 day to a full day to complete) I do for T&M at $150/hr for me and 1 tech. The T&M is OK. My fixed priced renovation quotes have to improve.
speedypetey
Senior Member
- Location
- Hudson Valley, NY
Re: New EC in Northern NJ, needs help!
See, now I find that odd that $40 a hole is high to you. For T&M $150 is way high in my area, for even TWO mechanics!
The average residential T&M rate is in the $45-50 range for a mechanic and ~$30 for a helper.
See, now I find that odd that $40 a hole is high to you. For T&M $150 is way high in my area, for even TWO mechanics!
The average residential T&M rate is in the $45-50 range for a mechanic and ~$30 for a helper.
jjhoward
Senior Member
- Location
- Northern NJ
- Occupation
- Owner TJ Electric
Re: New EC in Northern NJ, needs help!
Wow, how can an electrician go to someones home for an hour and only charge $40-$50? I charge $100/hr for just me + $50 for the tech. Can I ask what is your rate?
Wow, how can an electrician go to someones home for an hour and only charge $40-$50? I charge $100/hr for just me + $50 for the tech. Can I ask what is your rate?
jjhoward
Senior Member
- Location
- Northern NJ
- Occupation
- Owner TJ Electric
Re: New EC in Northern NJ, needs help!
Auto mechanics get $80-$100/hr around here.
Auto mechanics get $80-$100/hr around here.
speedypetey
Senior Member
- Location
- Hudson Valley, NY
Re: New EC in Northern NJ, needs help!
Well, I will say most do charge an initial service call rate.
I do $75 for the first hour and $48 per there after. That is just for me.
I do think the auto mechanic rate is a decent barometer of an area. I believe they are getting in the $65-$75 range here.
Well, I will say most do charge an initial service call rate.
I do $75 for the first hour and $48 per there after. That is just for me.
I do think the auto mechanic rate is a decent barometer of an area. I believe they are getting in the $65-$75 range here.
jjhoward
Senior Member
- Location
- Northern NJ
- Occupation
- Owner TJ Electric
Re: New EC in Northern NJ, needs help!
I guess you know what your expenses are.
$48/hr seems like a great value for an electrician to be working in my house. Maybe too good. Do you do a lot of T&M work?
I guess you know what your expenses are.
$48/hr seems like a great value for an electrician to be working in my house. Maybe too good. Do you do a lot of T&M work?
jjhoward
Senior Member
- Location
- Northern NJ
- Occupation
- Owner TJ Electric
Re: New EC in Northern NJ, needs help!
Hi Mnt,
I often do T&M but I rarely add a "trip charge". If the work site is beyond my idea of sane (~40 miles or more 1 way)I will tell the customer there is a nominal trip charge, usually $25.
Hi Mnt,
I often do T&M but I rarely add a "trip charge". If the work site is beyond my idea of sane (~40 miles or more 1 way)I will tell the customer there is a nominal trip charge, usually $25.
jimwalker
Senior Member
- Location
- TAMPA FLORIDA
Re: New EC in Northern NJ, needs help!
When i do T and M your job starts when i answer the cell phone and ends after i write bill and collect the funds.What part of my time inbetween would you like me to work for free ?
When i do T and M your job starts when i answer the cell phone and ends after i write bill and collect the funds.What part of my time inbetween would you like me to work for free ?
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