A general contractor asked me to give him a WAG for an estimate on a job. What is a "WAG"
are you serious? gotta love that. this is the first project I have ever priced for a guy
he is thinking $4.85/sq foot. it is standard commercial office space.
I guess he is thinking about floor or siding work, and there is no such thing as standard commercial office, they all have different conditions and requirements, you will be better to estimate the job using unit pricing, after you visit the site and discover all the conditions.
he is thinking $4.85/sq foot. it is standard commercial office space.
A general contractor asked me to give him a WAG for an estimate on a job. What is a "WAG"
Just got done with a WAG. Now I have a letter wanting to know why my WAG, which they agreed I would not be held to and they acknowledge in the letter, was so far below the actual costs.
he is thinking $4.85/sq foot. it is standard commercial office space.
Well I guess if he will supply the fixtures I will wire 10K Sq ft of commerical office space to code minimum for $48.5K, power only, service not included. That's the best SWAG I can come up with.
Sorry to sound mean but, it was becauseuu you fell into there trap. Your only answer to them now is because you were not provided a set of prints to do an accurate estimate with. Its no different than my asking you how much dose a new car cost? You can say $25,000.00. I can then say your way low on that price for a Bentley or a Lamborghini. See, not enough information up front to give a professional answer.
Whenever I look at a job, the last thing the homeowner or contractor asks is always "Can you give me a ball park or a guess?" I'm the type of person who likes to think the job through as I am driving to the next call or home. Then I sit at my desk and figure a price. Even today, after 27 years of working in this business, I will occasionally fall into the trap of shooting a number off of the top of my head. As soon as I do that and I am driving away, I ALWAYS think of something I forgot in my WAG! (an AFCI breaker, special dimmers, or whatever) When I catch myself getting sucked-into this trap, I tell them I don't give estimates without thinking them through because I always forget something. When they insist and claim they won't hold me to it, I'll say "A million dollars," smile and walk away!:grin: Long story short: When you give a WAG, no matter how many times they say they won't hold you to it, that is the price they remember and anything above that means you are trying to rip them off! (in their minds) DON'T DO IT unless you are prepared to honor your WAG!
The two main things that will cause customer problems, are guessing a price, and trying to do the job T&M