How Tradesmen Works Out Job Prices Using their Day Rates and How YOU Can Check His Quotation Yourself
It’s a simple process based upon a simple theory:
Below is the “Pricing Formula” that all Tradesmen, including ourselves at The Building Sheriff, use when pricing building jobs.
Cost of Total Tradesmen Man-Days + Cost of Total Labourer Man-Days + Cost of Materials = Price of Job!
Therefore a 2 day job for a tradesman and a labourer will cost 2 x £160.00 (or appropriate rate) + 2 x £100 (labourer on £100 per day) + £200 (example material cost) = £320+ £200+ £200 = £720 Total Job Cost
When a tradesman comes to price a job, ask him to break down his costing into SEPARATE PRICES for labour and material costs.