This is exactly what I needed Tom. Thank you. I've been having disagreements with my dad over the use of time vs square footage. Now I see that we need both.
All you have to do is take your combined hourly rate and say it's $50+$50=100 Now say the job that's 2000sqft will take 40 hrs 40x100=$4000 4000÷2000=$2 so your sqft price for this 2000sqft job is $2 per sqft and your labor rate is $100 per hour. Hope this helps and basically both you and your dads right
Finally somebody says it right. THis is the method I use for my paint and drywall business. Works well if you have fast employess but so well if they are slow.
Thank you ! I always watch your videos, especially related to my Painting buisness. You taught me so much since I started in 2020 including correcting my mindset on money and team management. Thanks again.
I'm lookin for advice on bidding an exterior paint job, I think I'm goin to take your advice from another video and multiply my labor on this job by 3. Just to make sure I'm covered on this first job.
Awesome info, but if its 384sq ft 2 coats at 100 sq ft an hr wouldnt it be a 8hr day? Obviously 2nd coat is always faster. Just making sure the paint thinner didnt fuck my math up.
Commuting is costing you time (not free), fuel, insurance, wear/tear on vehicle. I always charge a minimum of 3hr + materials, even if on jobsite for 15mins. I tell the customer upfront so they know. Your knowledge/efficiency and access to tools is what they're paying for. Why should you only get paid for fixing a problem in 15mins?
Did you ever just tell your crews that you’ll pay them $x/sq. ft for the job? (e.g., If they should be doing 100 sq ft/ hour then give it to them for say $0.35/sq. ft) Then if they want to dog it it’s on them…I’m a drywall contractor and I try to flat rate everything I can so I don’t have to babysit hourly guys all day. Just wondering if you gave jobs out to your guys as piecework/flat rate and if not what was the rationale? 🤔
This is exactly what I needed Tom. Thank you. I've been having disagreements with my dad over the use of time vs square footage. Now I see that we need both.
Glad it was helpful!
All you have to do is take your combined hourly rate and say it's $50+$50=100
Now say the job that's 2000sqft will take 40 hrs 40x100=$4000
4000÷2000=$2 so your sqft price for this 2000sqft job is $2 per sqft and your labor rate is $100 per hour. Hope this helps and basically both you and your dads right
Finally somebody says it right. THis is the method I use for my paint and drywall business. Works well if you have fast employess but so well if they are slow.
Right on
Really useful information, thank you
Thank you ! I always watch your videos, especially related to my Painting buisness. You taught me so much since I started in 2020 including correcting my mindset on money and team management. Thanks again.
Wow, thank you!
Big fan can you talk about how to get into new construction? I work with home owners and it gets slow but i always see houses being built thank you !
Go talk to builders. That’s it. Show them how their biz will benefit from knowing you….
I'm lookin for advice on bidding an exterior paint job, I think I'm goin to take your advice from another video and multiply my labor on this job by 3. Just to make sure I'm covered on this first job.
👊🏻
Awesome info, but if its 384sq ft 2 coats at 100 sq ft an hr wouldnt it be a 8hr day? Obviously 2nd coat is always faster. Just making sure the paint thinner didnt fuck my math up.
makes sense but my jobs are usually under an hour, do you account for commuting times or not?
Commuting is costing you time (not free), fuel, insurance, wear/tear on vehicle. I always charge a minimum of 3hr + materials, even if on jobsite for 15mins. I tell the customer upfront so they know.
Your knowledge/efficiency and access to tools is what they're paying for.
Why should you only get paid for fixing a problem in 15mins?
Do a half day rate for each install.
No way?! You’re speaking to me!
Glad to hear it Rodney!
Great Video
Glad you enjoyed it
Peabody and Sherman! Wayback machine!
Thanks
Did you ever just tell your crews that you’ll pay them $x/sq. ft for the job? (e.g., If they should be doing 100 sq ft/ hour then give it to them for say $0.35/sq. ft) Then if they want to dog it it’s on them…I’m a drywall contractor and I try to flat rate everything I can so I don’t have to babysit hourly guys all day.
Just wondering if you gave jobs out to your guys as piecework/flat rate and if not what was the rationale? 🤔
🤷♂️
4 hours for 2 coats? What about dry time?
Multiple rooms man! Recoat is 2 hours...1 hour for Aura.
I have the MEANS to predict labor.
Instead of WAG, we always called it the OMB method or "out of my butt"
Ha! That works too