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if you are doing a job that would require specialty equipment, how do you charge for this?

example: if the job requires you to use a bucket truck, trencher, x-lift, threader and hydraulic benders, ect....

do you charge a flat percentage of the machine/tool cost?

like if the trencher cost you $10,000 do you charge 5-10% every time its used? or the going rate it would cost you to rent it?

also how about if it's just 1 day or maybe a week/month long project?
 

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not really the same concept, a van is just standard equipment in overhead, I'm talking about things a person doesn't use everyday.
Do you own it or rent it? If you own the equipment it is no different than a van . It has a cost, a depreciation schedule, preventative maintenance and an eventual replacement cost. It is considered as overhead and is included in the cost of all jobs.
 

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Balance the cost of the item, it's expected life span, and how often it gets called to use.

Item with a 10-year life expectancy, that costs $10,000 and gets used 10 times a year....

$10,000 / 10 / 10 = $100 cost per use.
 

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not really the same concept, a van is just standard equipment in overhead, I'm talking about things a person doesn't use everyday.
Your answer is actually right there in your statement. But I will break it down for you: Charge Large. I say this alot, mostly because I know it costs me a lot to bring that Samoan fella with his cherry picker over to harvest all my coconuts before one of em hits me on the head. Used to be the Samoans had no problem just climbing up the tree's without resorting to carbon generating global warming equipment like cherry pickers, but HIOSH the state OSHA has stuck their nose into native food gathering practices. I love the gobment.
 

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Do you own it or rent it? If you own the equipment it is no different than a van . It has a cost, a depreciation schedule, preventative maintenance and an eventual replacement cost. It is considered as overhead and is included in the cost of all jobs.
So if you purchased (for example) a boom lift that you only use for lighting maintenance that you do twice a month, you would just put the cost of that lift into your overhead? You wouldn't increase the cost for the lighting jobs that use the lift?

The same for a trencher? Scissor lift? Etc?
 

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Your answer is actually right there in your statement. But I will break it down for you: Charge Large. I say this alot, mostly because I know it costs me a lot to bring that Samoan fella with his cherry picker over to harvest all my coconuts before one of em hits me on the head. Used to be the Samoans had no problem just climbing up the tree's without resorting to carbon generating global warming equipment like cherry pickers, but HIOSH the state OSHA has stuck their nose into native food gathering practices. I love the gobment.
I hope you get banned again.
 

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Balance the cost of the item, it's expected life span, and how often it gets called to use.

Item with a 10-year life expectancy, that costs $10,000 and gets used 10 times a year....

$10,000 / 10 / 10 = $100 cost per use.
Add maintenance costs, insurance, storage and transportation of equipment into that figure and that would be a good formula.
 

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So if you purchased (for example) a boom lift that you only use for lighting maintenance that you do twice a month, you would just put the cost of that lift into your overhead? You wouldn't increase the cost for the lighting jobs that use the lift?

The same for a trencher? Scissor lift? Etc?
All equipment is in overhead. It is factored into our flat rate. It is no different than using an expensive tool . I don't charge extra when I use a megger.
 

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We own most of our equipment so each job is basically renting from our own shop and it gets charged to the job, based of daily, weekly, or monthly rates we have established. If we have to rent 3rd party, we add 5%.
 

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Balance the cost of the item, it's expected life span, and how often it gets called to use.

Item with a 10-year life expectancy, that costs $10,000 and gets used 10 times a year....

$10,000 / 10 / 10 = $100 cost per use.
the problem with that method is with most special equipment you have no idea how much it will be used. I might use a trencher twice in a year or ten times in a month. I just purchased a load bank I have just a few contracts that it will be used for now I hope over its life I will gain more but I don't have a set number to accurately bill per use so I include it as a tool purchase in overhead.
 

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I have mini excavator I use for our digging and no way is it included in shop rate. Won't make you anything if you don't charge extra. I as a rule charge 25$ extra on top of shop rate.
Lifts and rental equip. I pass on full price to customer.
 
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