Trying new program on a home build does this seem high

[AC\DC]

Basically 2 story home 4k bare minimum code except for couple extra lights in kitchen and dining room and den and 4-8’ garage lights and lights on both sides of exterior door.
Not suppling lights doing 200 amp Iservice and complete install.
Software is at 52k I got it down to 49k seems high still but labor is 29k
Material is 10k
Overhead and profit is 15k at 15%

I think my problem and I alway do this, is I still use my normal hourly rate at 150 and not drop it down to 115 I can get it to 44k.
I mostly do remodels so I just through what I want and if I get cool. But this may turn into 10 homes so want to kinda get it.
Am I high,

 

[brantmacga]

I don’t know your market, but I would think $150/hr anywhere for code-minimum residential is far above market-rate. I’m in the southeast, and what you’ve described would go for about $20k on average.

 

[AC\DC]

what’s your hourly rate then for new build $100. We are high than standered market cause of small high end coastal town.

 

[macmikeman]

I'm not seeing lighting fixtures , nor switching on that plan so no bid. I would tell them T+M only or else come up with a proper electrical plan. And.......... don't forget the heating and ac appliances. When I see a master bedroom with 2 walk in closets I know it's going to have 6-8 recess lights , and vent fans in each bathroom, and prolly a whole slew of dimmers. There ain't going to be bare code minimum in that job , just wait and see. Oh, the GC forgot to mention he wants you to put a Tesla charger for each car space. Use the 52K number..........

 

[Fred B]

I'm not seeing lighting fixtures , nor switching on that plan so no bid. I would tell them T+M only or else come up with a proper electrical plan. And.......... don't forget the heating and ac appliances. When I see a master bedroom with 2 walk in closets I know it's going to have 6-8 recess lights , and vent fans in each bathroom, and prolly a whole slew of dimmers. There ain't going to be bare code minimum in that job , just wait and see. Oh, the GC forgot to mention he wants you to put a Tesla charger for each car space. Use the 52K number..........

Not seeing receptacle outlets either. Or other specialties like ceiling fans, heating and cooling, load calculations for service min., etc. Seen many time "I only want the minimum" and then inevitably they start to complain of tripping breakers due to over loading especially the kitchen. Also original size was for 200A and then they start adding a jacuzzi, pool, multiple heat pumps, and 2 EV and suddenly the system is overloaded. Also beware of "can't you just?" or "while you're at it can you add this or that?". I know that is what "change orders" are for but you will get big push back especially from the GC that wanted a bid for "Bare Minimum".

Around here get a lot of this from GCs that want a price for a bare minimum install only to get a price to add on their bid, and have their in-house guy do it. A lot of work for no compensation.

 

[brantmacga]

what’s your hourly rate then for new build $100. We are high than standered market cause of small high end coastal town.

Code-minimum resi installs down here are using either low-wage helpers with one "j-man" per crew or subcontractors. The average billable wage is going to be <$30/hr. Custom residential is going to be higher but what you're talking about doing is going to be the lowest wage.

 

[electrofelon]

Seems high to me too. Markets vary widely of course, but where I am , you can't charge anywhere near your normal hourly rate for doing a house, it's just going to be too high. Just a WAG, but I would think more like 25-30k

 

[AC\DC]

I am mostly wondering if my labor units are off or if I just charge to much per hour.

Labor Units Breakdown (McCormick Equivalent)

Task	Qty	McCormick Labor Units (Hours per Unit)	Total Labor Hours
Receptacles (50 total)	50	0.35	17.5
Light Fixture Wiring (32 locations, not installing fixtures)	32	0.55	17.6
Switch Wiring & Installation (22 switches)	22	0.35	7.7
Main Service Panel & Subpanel Wiring	2	2.0	4.0
NM-B General Circuit Wiring (28 circuits)	28	3.8	106.4
Dedicated Circuits (Water Heater, Range, Dryer, Heating System)	4	2.5	10.2
Light Fixture Installation (Standard Ceiling Fixtures)	20	0.6	12.0
Light Fixture Installation (8' Garage LED Strip Lights)	4	1.0	4.0
Outdoor Light Installation	8	0.75	6.0
Total Labor Hours	-	-

185 total hours

 

[electrofelon]

I am mostly wondering if my labor units are off or if I just charge to much per hour.

Labor Units Breakdown (McCormick Equivalent)

Task	Qty	McCormick Labor Units (Hours per Unit)	Total Labor Hours
Receptacles (50 total)	50	0.35	17.5
Light Fixture Wiring (32 locations, not installing fixtures)	32	0.55	17.6
Switch Wiring & Installation (22 switches)	22	0.35	7.7
Main Service Panel & Subpanel Wiring	2	2.0	4.0
NM-B General Circuit Wiring (28 circuits)	28	3.8	106.4
Dedicated Circuits (Water Heater, Range, Dryer, Heating System)	4	2.5	10.2
Light Fixture Installation (Standard Ceiling Fixtures)	20	0.6	12.0
Light Fixture Installation (8' Garage LED Strip Lights)	4	1.0	4.0
Outdoor Light Installation	8	0.75	6.0
Total Labor Hours	-	-

185 total hours

Quickly in my head I came up with 4-5 weeks, before I looked at your number I swear to god. So I think the hours are not excessive at all, just labor is way too high.

 

[AC\DC]

So just a general question though. If you think it will actually take that long.

And your hourly rate is lower than let’s say normal t&m work why the hell wire homes lol.
I mostly to service and remodel and make a lot on bid jobs. So these new home throw me off on the profit.
You want more than your normal hourly rate!

 

[AC\DC]

Quickly in my head I came up with 4-5 weeks, before I looked at your number I swear to god. So I think the hours are not excessive at all, just labor is way too high.

Thanks I hope this programs works McCormick cost me 4k a year this new one 20 bucks a month lol

 

[Little Bill]

I would be at $24K without anything extra. I did one a little larger a couple of years ago. On the trim/final, the HO brought all her lighting for me to install. It was a nightmare! Lots of old fixtures that had to be modified, lots of pendant lights that took 1/2 an hour to assemble, etc. I had already priced the job and I lost some on it due to the lights and a few other things.

 

[Fred B]

So just a general question though. If you think it will actually take that long.

And your hourly rate is lower than let’s say normal t&m work why the hell wire homes lol.
I mostly to service and remodel and make a lot on bid jobs. So these new home throw me off on the profit.
You want more than your normal hourly rate!

Exactly, Why.

Only thing that might have a give back for you and allow a lower hourly than T&M service jobs is you get to set up once and on the same sight for a number of days vs having to fill in for travel time and set up on multiple jobs a day. So to get your $50/hr you want, on a T&M service job you might need to be $100/hr or more to compensate for 45 min or more drive between jobs, plus set up, tear down, maybe chase a part or two, and billing for maybe 2 ,3, or 4 jobs in a day in billable hours. Also markup might be higher on a T&M for the need to have multiple components of different mfg and colors on the truck. A service job to run out to the supply house for just a couple of switches or a breaker will not fly for the HO.

I'd think if you have been doing mostly service work, you could take the billable hours receipts for a day and divide by an 8 hr day to see what might be a valid hourly rate for a home wire rate that doesn't need a bunch of setup and takedown daily. The reverse process might also be true if you mostly do new builds.