How do you guys figure out your prices per opening? I've been trying to research old posts, but I found a lot of people saying they charge 20-25 per outlet or receptacle. That includes parts and labor. I feel like that number should be higher. The per opening bidding seems appealing though because it's easy to adjust the price if the customer wants to add or remove something. This is for new work or houses that have been completely gutted.
Bidding per opening
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New construction? Reno? Resi, commercial?
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For new work??
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:thumbup:
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Sounds about right..:laughing:
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You have to figure out a price that takes in your overhead.. BUT is not much higher than the "going rate" in your area...
That comes from experience.. if you bid (5) jobs and lose them all... you are most likely too high...
If you bid (5) jobs and win them all... you are most likely too low...
After you win a job and it is completed.. ask the bean counter what kind of prices they got for the job and how were the other guys to deal with...
A happy customer won't mind sharing this information with you.. good luck...
That comes from experience.. if you bid (5) jobs and lose them all... you are most likely too high...
If you bid (5) jobs and win them all... you are most likely too low...
After you win a job and it is completed.. ask the bean counter what kind of prices they got for the job and how were the other guys to deal with...
A happy customer won't mind sharing this information with you.. good luck...
I would only do unit pricing on resi or commercial tenant finish out.
I would do a take-off of each item to price, like a duplex recept...use an average length of romex or MC (12' or 17'), a box, wire nuts, device, plate, etc. I would enter in my software or hand price and labor unit each component....Get a total of mat/lab hrs....apply average shop labor rate...add tax..overhead and profit....and bingo!
I did this with appliances, dryers, 200A outdoor/indoor services, recessed lighting, commercial light fixtures, tele/data stubs....on and on..
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1,830 Posts
No less than 100 and 50 if the framing is open.
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Ops did not read your post we don't do new construction.
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We bid per opening.
The cost we bid is the same as when I started 14 yrs ago.:blink:
But, it seems that for the area I work in, it is still competitive. Although, I have a GC who quit using us when I left for a bit and she used another GC to wire her new house. She told me they were cheaper than us on recessed lights.:blink:
I know this other company and our overhead is way, way less than theirs.
You gotta go by what the market is in your area.
B4T posted a comment that seems to be helpful.
The cost we bid is the same as when I started 14 yrs ago.:blink:
But, it seems that for the area I work in, it is still competitive. Although, I have a GC who quit using us when I left for a bit and she used another GC to wire her new house. She told me they were cheaper than us on recessed lights.:blink:
I know this other company and our overhead is way, way less than theirs.
You gotta go by what the market is in your area.
B4T posted a comment that seems to be helpful.
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6,298 Posts
Do you do additions?
Bidding per opening might work in some cases, but if there are unknowns involved in running the wire it could hurt you.
Also if the run was long and alot of cutting, drilling, etc had to be done, it could add to the cost.
Also if the run was long and alot of cutting, drilling, etc had to be done, it could add to the cost.
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11,637 Posts
This is right off of Romex racers excel spreadsheet. Probly from EKR. I can't remember how old it is but it has to be at least 10.
Duplex Recept (Standard)
Item Unit Price Quan Ext
118 Box 0.50 1 0.50
Device 1.00 1 1.00
P8 0.30 1 0.30
14.2 Romex 0.41 16 6.55
Safety Plates 0.21 3 0.62
Misc 0.25 1 0.25
Parts Total 9.22
Rough Labor 11.00 1 11.00
Finish Labor 4.00 1 4.00
Assembly Total 24.22
Duplex Recept (Standard)
Item Unit Price Quan Ext
118 Box 0.50 1 0.50
Device 1.00 1 1.00
P8 0.30 1 0.30
14.2 Romex 0.41 16 6.55
Safety Plates 0.21 3 0.62
Misc 0.25 1 0.25
Parts Total 9.22
Rough Labor 11.00 1 11.00
Finish Labor 4.00 1 4.00
Assembly Total 24.22
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Customer,"How much do you charge per opening?
Electrician "$20"
Customer,"Okay I have a job for you"
Electrician , "Okay I'll be right there".
Customer,"I want a receptacle right there"
Electrician,Okay.
Electrician, "Okay that's done ,What else would you like?"
Customer,"That's all thank you"
Customer hands the electrician a $20 bill and says,I'll call you again.
The electrician just used up about 3 hours when it's all said and done and made $20 because that's what he charges per opening,,,,,,,,WHAT A SAP.....:laughing:
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Lame but real.
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Pictures are worth a whole more than all those words :thumbsup:
I collaborated with RR on this in 2007....he just wasn't aware of it :laughing:
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