I am just breaking out on my own and new to estimating.
Any input would be greatly appreciated.
I am in the Cape Cod MA area and am quoting labor only for a full bath remodel customer has already gutted bathroom to studs and all fixtures will remain in the same locations.
1. Sheetrock walls and sub out plaster
2. Tile floor and grout 8’x7′
3. Install new fiberglass tub hardibacker walls and tile.
4. Install new shower valve, toilet, faucet and vanity with new shutoffs and trap.
5. Install new fan light combo vented to outside.
6. Install 2 wall sconces and towel bars.
7. trim out one standard double hung window, one door and install baseboard,.
I have a rough number I worked out on paper but am interested in seeing what you think. $4,500
Replies
assuming 2000 hours a year, what is your overhead ?
how much money do you want to make ?
say it takes you 40 hours
40 / 2000 = this job represents 2% of what you need to make for the year
$4500 x 50 = $225000 , so at least you're not bashful
you do know that you need a licensed plumber and electrician and that everything needs to be brought up to code.
it's hard to tell from your post, but who is providing materials etc?
bobl Volo, non valeo
Baloney detecter WFR
"But when you're a kibbutzer and have no responsibility to decide the facts and apply the law, you can reach any conclusion you want because it doesn't matter." SHG
At this point I'd go cost plus only. There's no telling how much rework you'll have to do before you can do what you proposed.
How does your $4500 break down? Material, labor, and profit?
What BOBL said.
Edited 5/1/2009 4:32 pm by jagwah
customer has all supplys and is willing to pay for any remaing materials as needed.
The 4,500 represents cost of plumber, electrician, and skim coat plaster labor only
Where is your labor? Thinset, screws, nails..............HO has it all?
"When the spirits are low, when the day appears dark, when work becomes monotonous, when hope hardly seems worth having, just mount a bicycle and go out for a spin down the road, without thought on anything but the ride you are taking." — Sherlock Holmes, 1896
Seems like a fair price if you are going to all the work yourself, but you are going to have to use subs.
Do you know what your Subs will charge you?
Don't know from plaster the way you Mass. folks do, but the plumber sub or electrician sub normally won't do squat for less than about a grand, leaving you little for the majority of the work on the job.
Another thing to think about is you GL policy. In NY anyway, if you have subs that is more than a very small % of your buisiness, you get charged at a GC rate that is many times greater than an artisans rate. MA may be different.
So for this job, you pay the sparky,pay the turd hurder, pay the mudslinger, get an expensive insurance bill, and get to do the majority of the labor to pull it off.
Lots to think about.
J,
After getting layed off in Jan from my first real job in over 20 years I'm back out on my own. I just acquired GL and declared that my subs would amount to 10% of my projected annual revenues of 150k.
My policy cost me about 1 percent of that gross. I'm sure I may see some adjustments, especially dependant on my gross and total $ of subs.
What's your take on this?
Eric
"When the spirits are low, when the day appears dark, when work becomes monotonous, when hope hardly seems worth having, just mount a bicycle and go out for a spin down the road, without thought on anything but the ride you are taking." — Sherlock Holmes, 1896
Just don't go over the 10% subs or they will call you a GC and drop you like a hot potato.
Only a couple of companys will even write a GC GL policy because of the rediculous NY scaffold law. The last time I had a GC policy it ran close to 7% of gross.
Any other recommendations on labor only costs to remodel a bathroom in Massachusetts
Do not give flat-rate quotes at this point in your new career or you will shoot yourself in both feet.
Estimating is the hardest part of running any service business. Everyone here can tell horror stories about how they screwed up an estimate and had to eat X-thousand bucks in lost billings; you do not want to start out that way.
Work on a cost-plus or T&M basis only. When you estimate on that basis, you must break down every part of the job, attempt to figure out how many hours you will need to accomplish each individual act...and then double the first total you come up with, because you will absolutely, positively, certainly, and inevitably screw the pooch and be too optimistic about how quickly you can do thus-and-such.
We've all done it. Why should you be any different?
Dinosaur
How now, Mighty Sauron, that thou art not broughtlow by this? For thine evil pales before that whichfoolish men call Justice....
take your hours and double it!
LOL, you just let everyone know my super duper estimating secret. Every time I look at a pile of stuff on the ground to go into our trucks I mentally estimate how much.
Then I DOUBLE IT!
Works out closer than I would think possible.
If I knew everyone used my method I woulda put a patent on it
;-)
Too late. Regus Patoff Dinosaurus 1995....
Dinosaur
How now, Mighty Sauron, that thou art not broughtlow by this? For thine evil pales before that whichfoolish men call Justice....