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Old 05-09-2012, 10:02 PM   #1
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Default Company rate sheet

So I sent out a flyer to the local contractors in the area and I get a response from a local custom builder and they want me to fill out a 35 page "subcontractor qualifications form" and they want me to attach a company rate sheet? not sure what to put here....any sugestions?? also they want me to have auto insurance with a million dollar liability limit is this standard?

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Old 05-09-2012, 10:08 PM   #2
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So I sent out a flyer to the local contractors in the area and I get a response from a local custom builder and they want me to fill out a 35 page "subcontractor qualifications form" and they want me to attach a company rate sheet? not sure what to put here....any sugestions?? also they want me to have auto insurance with a million dollar liability limit is this standard?

Would you wire new homes WITHOUT at least a million in insurance? He shouldn't even have to make you buy that. You should already have it.

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Old 05-09-2012, 10:09 PM   #3
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Well your prices are yours... I won't fill out anything (myself).

I think they mess-up on the insurance, maybe that construction related liability...

I don't know for sure, I don't run a business, so it's all my personal opinion.
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Old 05-09-2012, 10:15 PM   #4
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Would you wire new homes WITHOUT at least a million in insurance? He shouldn't even have to make you buy that. You should already have it.
they want a million dollars on my auto insurance...I already have that in general liability
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Old 05-09-2012, 10:26 PM   #5
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So I sent out a flyer to the local contractors in the area and I get a response from a local custom builder and they want me to fill out a 35 page "subcontractor qualifications form" and they want me to attach a company rate sheet? not sure what to put here....any sugestions?? also they want me to have auto insurance with a million dollar liability limit is this standard?
Company rate sheet?

And what stops them from passing that around all of your competitors ?

Tel them that each job will get a grand total price and that is all they need to know.

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auto insurance with a million dollar liability limit is this standard
The insurance on your trucks is not their business ,The only thing they need to know is that you have insurance on them.


Liability insurance for your business should cover their buildings so you only have to show proof of it for the dollar amount that they want.
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Old 05-09-2012, 10:32 PM   #6
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How does someone not have a rate sheet?
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Old 05-09-2012, 10:43 PM   #7
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How does someone not have a rate sheet?

ok so what is your rate sheet?
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Old 05-09-2012, 11:18 PM   #8
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ok so what is your rate sheet?
We give rate sheets to our customers. It gives them T&M rates for apprentices, journeymen, foreman, and general foreman. Ours includes all of the crafts from plumbers, masons, carpenters, millwright, laborers, electricians, etc.
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Old 05-09-2012, 11:21 PM   #9
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We give rate sheets to our customers. It gives them T&M rates for apprentices, journeymen, foreman, and general foreman. Ours includes all of the crafts from plumbers, masons, carpenters, millwright, laborers, electricians, etc.

so when you bid work you dont bid one hourly rate for the project? you figure diffrent rates for journeyman, foreman,apprentice. ect?
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Old 05-09-2012, 11:24 PM   #10
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so when you bid work you dont bid one hourly rate for the project? you figure diffrent rates for journeyman, foreman,apprentice. ect?
James are you a one man show EC?
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Old 05-09-2012, 11:28 PM   #11
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James is brand spankin new out of the box. He needs some pointers.
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Old 05-09-2012, 11:29 PM   #12
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Originally Posted by James Eccles;[URL="tel:710597"
710597[/url]]so when you bid work you dont bid one hourly rate for the project? you figure diffrent rates for journeyman, foreman,apprentice. ect?
If I know I'm going to have a JW and an apprentice on a job, I will take the average of the 2 rates
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Old 05-09-2012, 11:30 PM   #13
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James is brand spankin new out of the box. He needs some pointers.

Yes....
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Old 05-09-2012, 11:35 PM   #14
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So I sent out a flyer to the local contractors in the area and I get a response from a local custom builder and they want me to fill out a 35 page "subcontractor qualifications form" and they want me to attach a company rate sheet? not sure what to put here....any sugestions?? also they want me to have auto insurance with a million dollar liability limit is this standard?

Not so uncommon. For commercial work.
most property management companies will require 2 million in liability, With 'completed project' coverage (if you don't have completed project coverage your a fool).
1 million min- for vehicle coverage. Tenants are stupid and blind.
Workers comp- regardless if your a 1 man show or not.

Commercial work- you can be in the 8 -12K annual price range for insurance alone.

residential. most are just looking for the low ball number. (not counting large custom homes).
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Old 05-09-2012, 11:35 PM   #15
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James read some of these threads...

Precision pricing flate rate software thoughts?

Flat Rate Pricing for residential

Flat rate pricing vs. Hourly rate pricing

Precision Flat Rate Software
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Old 05-09-2012, 11:38 PM   #16
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Old 05-09-2012, 11:40 PM   #17
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I'd be concerned about giving out pricing on every electrical item. It sounds like they're simply price shopping.
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Old 05-09-2012, 11:40 PM   #18
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Yes....
yep brand spanking new need lots of help

the estimating software I use has 170/hour for 1 hour work with no material for bidding new construction

but it also says 258$ min charge for residential so I figure that would be for service work

but there is no distinction for froman vrs apprentice or anything like that just a rate per 100 linear feet of wire, per box , per panel, per termination ect.

not sure what exactly they are looking for in a company rate sheet
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Old 05-09-2012, 11:45 PM   #19
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James are you a one man show EC?
yes one man show
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Old 05-09-2012, 11:49 PM   #20
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yep brand spanking new need lots of help

the estimating software I use has 170/hour for 1 hour work with no material for bidding new construction

but it also says 258$ min charge for residential so I figure that would be for service work

but there is no distinction for froman vrs apprentice or anything like that just a rate per 100 linear feet of wire, per box , per panel, per termination ect.

not sure what exactly they are looking for in a company rate sheet

Two different things here, Bid work, which is all of your cost, and a percentage on top, for labor, materials, direct job costs (permits etc) and profit. This will work for your larger jobs. Or you can unit price with all of the above built in.

Flat rate pricing is for small jobs, but you will never be competitive with the prices you mentioned for larger jobs.

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