Electrician shows what he charges
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- Опубликовано: 29 сен 2024
- Bidding or charging the right amount on jobs are the key to a successful electrical contracting business. There are dozens if not hundreds of ways to bid. The key is having a bidding system so that even your guys and girls on the field can bid without calling the office or more important calling you every 1hr. Consider taking my couching or courses at www.The360Electrician.com and while you are there, sign up for our email list for all things 360!
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I was a solar contractor in Santa Barbara specializing in battery based systems for 10 years. The good news is that I was trained by a lifelong journeyman electrician. The inspectors loved me because everything was clean and neat and done properly. The last six years of my business I averaged about $100,000 per month in sales and I paid myself About 120,000 per year. All of my employees made respectable salaries and even my office staff was paid roughly $30 per hour. In the end I got sick and tired of permitting and regulations and dealing with SCE interconnection agreements. Unfortunately, times have changed and the solar industry is flooded with a bunch of yahoos who have no idea what they're doing and have virtually no formal electrical training. 😢
It's sad that's for sure!
@@The360Electrician But the good news is I gained a lot of valuable experience. Now I simply do technical support for a large battery-based inverter manufacturer and I sit on my couch at home and I talk on the phone and coach installers, but I only work about 20 hours per week and my salary is $124,000/yr. 😂😂😂😂💪💪💪💪💪
It’s definitely not worth it after material your at 4400.00 with two days plus labor your profit is under 1500.00 bucks 👎 job is worth 7600-9600 dollars
You got your numbers wrong. Try again.
@@The360Electrician before you pull my comment down maybe you should check your numbers it sounds like you said the total cost of the job was 5800.00 / material 1400.00 / net 4400.00 / labor 288.00 or was there two guys totaling 576.00 , are there really good electricians or Journeyman out there who would work for 18.00 dollars a hour which is a gross of only 720.00 dollars for the week , if your lucky to net 2000.00 dollars on a job that will take you two plus days is nothing great running a business in a highly taxes State like California
@@rossfelice560 Why would I pull it down. I appreciate you working the numbers. Here it is
Cost as follows -
1hrs x 16hrs = $288
4 hrs Journeyman - $200
Material - Give or take $1400
RAW total - $1,800
We charge daily labor rates which have all our overhead, my profit as the shareholder (I own the shares, I don't do any work) , the business profit, uncle sam all built in to our daily labor rate (That's my number 1 coaching request, is to understand the number in 5 line items instead of trying to be an excel count the pennies accountant that we as tradesman are not good at, including me) So we actual did very well. Our daily labor rate is $2k for a Journeyman and helper, plus parts were about $400 over which is eaten up by me making the video and visiting the jobsite.
I hope that helped understand. Let me know how you charge?
@@rossfelice560 You are correct about Cali, here you need to net about $1,500 to $2,000k a day per team.
The music is too loud to hear, great content otherwise.
Thanks for sharing.
Noted, thanks for the support
Where you tuning in from?
How long is the wait for coaching, and are there any new courses coming. I purchased both, and they have been a game changer for me.
About 2 weeks out. Yes, several new courses are still in the works. Stay tuned. Make sure you're on my email list. www.the360electrician.com Thanks for the support.
$18 an hour, fast food workers make $20 an hour. Way too cheap even for you.
Yes they do but so do people that sit home all day, they get paid about $18 as well. How much do you pay laborers in So Cal?
@@The360Electrician Whenever I hire an electrician w no experience $18/hr but if they have 3-5 years or well versed on what the project entails $20-$25 easily
This is in the Inland Empire/San Diego county as well
@@RemingtonScarborough Agreed, reward team player, cut the rest (.)
@@The360Electrician Yessir 🫡
Your lucky to have that 18$ helper here in Pudsville GA we are paying $50 to a known helper who doesn't show up with drug or alcohol issues. If we need extras he finds some guys who are 40$ hr and I believe he takes 10$ hr from them for commission. Also a a 200A panel board changeout 11k by Mr Electric here also. I qualify one of their franchises and see crazy prices when I sign off at end month. 28k for a 3p panel change with disconnect and meter.
Hlo sir my name is Ramesh Chaudhary I am from Nepal but I am currently work it KL Malaysia my company is very bad so I am find a new jobs I am electrician I have a 5 year work experience in building electrician so can you help me find a electrician Jobs plz help 😊
That is cheap for California isn’t it?
With the add-ons and using laborers it's about right
Not really. These apprentices learning s trade they can use all their lives! How many jobs van you get that pay you to learn. Not fast food for sure.
18 per hr bro? Seriously. I don’t believe that a second and if it’s true it get bent over backwards
What part of laborer is unfair at $18hr? What state are you in and how long have you been in business? Curious what you pay laborers.
Looks like us HVAC/R installers are making more than electricians! Yee
I make 4k to 15k$ each job that takes no longer than 10 hours. Yee
Good shit. Keep it up 🤙
Thanks for the support. Where are tuning in from?
If you are paying a guy $18/hr, isn’t he actually costing you about double after Workers Comp insurance, payroll tax?
Almost!
Or he 1099's them since they're laborers? But yeah there would be overhead involved above and beyond.
Did the laborers 16 hrs also include the wire installation or another fee for your electricians to come and do that part and make connections?
@@groundrodshorts Yes our laborers usually help in pulling in wire, but our Journeyman always roll with there apprentice. We had 1 laborer for 16hrs, a Journeyman and Apprentice on site for about 4 hours. They set up the job, tell the laborer where to trench. In this case we were following a dead circuit that we capped off so no dig alert. Otherwise we wait for Dig Alert to come out as well. That would be another $299-$399 charge for our time and meeting anyone we needed on-site.
@The360Electrician Thanks for the reply. Its always a carefully choreographed dance with the utility, inspector, customer, weather and general schedule (emergency because power is out!)
You guys be safe out there! Hopefully I'll be able to upload valuable content like you one day good sir!
@@groundrodshorts Thanks makes putting stuff out worth it when you know someone is getting value. Can't say that about all my video...lol. Where you tuning in from?
How much do you upcharge the client? After all your expenses ( labor, journeyman, and material)
we have a fixed daily rate plu material. I teach this to all my employees so they never need to call me to get a price. They all sell work, and all get commission (spiffs) so it's like they are their own boss. I teach this method in coaching. It's 5 line items with about 4 to 10 items in a few of the line items.
BTW thanks for the comment, where are you tuning in from?
@@The360Electrician Massachusetts/Rhode Island, how does that work,? Obviously some work is more expensive then other work
What do you mean " more expensive"? If its a day and a half job its a day and a half labor? There are value jobs like panel change outs etc where a day could mean an extra 1k to 3k for that job but that's not how we bid say 3 day remodels.
@@The360Electrician Oh okay, that’s what I meant. (Panel swaps, service upgrades, troubleshooting etc.)
Can tell you're makin money, gotta go in a diet...
YES! Thanks for noticing...lol. That's the truth of transitioning to the office. Plus and Minus to everything. Always worries about you and how you are going to level up. For some we are better at management/business etc. But without the skill, knowledge and trust of my guys I could never to what I do. Where you tuning in from?
@@The360Electrician just moved to las vegas from new england area 2 years ago...
I lived there in the 90's. Hopefully it keep growing. Been an amazing market.
@@The360Electrician difficult to find skilled help here for sure. Im in the field a few days a week now and if i run into something difficult i fly a few of my guys in from back... east
Hey Jeff. I think your price was fair. My price would have been $5976 for the pipe and wire. Does not include permits or pedestal replacement.
Awesome, what state are you in. We ended up billing additional $3500 to get a new Milbank in about 2 months later. this was filmed last summer.
Oh and we did aluminum since it wasn't a utility feed. Usually on drops we have to run copper but underground they would supply wire.
Hi Jeff, in you titles on the screen, it shows $18 an hour for labor. Thanks, Steve
Hi Steve, yes. I have laborers that are below apprentices pay to do our trenching, patching, stucco patch, and painting. The 360 way, never miss a job, we're a one-stop shop, and clients love that!
Super smart. Thanks for the channel
Hi Jeff, are you planing to expand the team to the bay area?
@@JhonnyW-n8g Oh man, no way. I just opened in Montana and i'm loving it too much. I will be in 2 weeks after Intersolar in San Diego! Are you in the bay area? Journeyman, apprentice?
@@The360Electrician Montana! I am down my man, apprentice 3yrs. Is there a website I can find your email. God bless!
Hi Jeff so it’s always good to bill clients for extra parts material used when we’re not included in the bid?
On a project like this there was some unknowns. Can we find pedestal parts and would it be worth it rather than replacing the pedestal. We found several hazards that are not related to the emergency call to restore power. As a licensed contractor YOU MUST give an estimate for anything you find in violation or hazardous/dangerous so you are off the hook as far as liability. That's also the great part about pulling permits. Contractors love not pulling permits, WE LOVE PERMITS! That's an open door to extra work and more money in your pocket. That is ethical and the right thing to do when you have a client that is being "cheap" or you don't think will do the work "soon". You don't want to put your name on a fuse do you? Some day it goes boom, they will say "The electrician was here and never told me". Thoughts?
BTW where you tuning in from?
Absolutely! I’m learning just like a lot of us are and videos like these coming from you with a lot of experience means a lot thanks 🙏🏼
I’m writing out ceres ca! Central Valley !
@sergiochavez5345 Nice, I just coached someone north of the bat area. Says it's still busy.
You should show how much you take home at the end of the jobs so we can understand the profits
And give away all my coaching secrets?.... I'll defiantly see what I can do. Where you tuning in from?
@The360Electrician im tuning in from wisconsin!! Lets go Packers!!
Lose the music so distracting while you're talking and so annoying on a loop like being on call waiting.
Noted thanks, where you tuning in from?