The bitterness of pour quality remains long after the sweetness of low price is forgotten
@PerkinsBuilderBrothers4 жыл бұрын
nate phillips so true... I’m am going to quote you on that one!
@natephillips16964 жыл бұрын
@@PerkinsBuilderBrothers 👍
@natephillips16964 жыл бұрын
@@PerkinsBuilderBrothers I cant take credit for it, I heard it somewhere, but I try to use it when I can!
@WelshRabbit4 жыл бұрын
Aldo Gucci.
@AM1015-3 жыл бұрын
Ben Franklin quoted that
@carlcantrell47814 жыл бұрын
In business management we call your miscellaneous fund a "contingency fund" and it is normally 15% to 20% of the total cost of the project. Every well run business does this.
@alexniehaus13364 жыл бұрын
I appreciate the length of your videos. Short, sweet and to the point. This one had a lot of info, but didn’t take me forever to watch it.
@deezynar4 жыл бұрын
It's even shorter at 2X speed.
@panayiotiskoutoulas17534 жыл бұрын
Great Video Id like to know were i can find a copy of the spreadsheet your using it could be very helpful to use it as a guide
@dansamson70814 жыл бұрын
Hey EP. I like your vids, you and the crew do a great job keeping it fun and interesting to watch. I would like to see more about how you bid and estimate work. Maybe you could walk through a spreadsheet of a past house build and show us where you did good and where you estimated high or too low and you recovered from those missteps if that’s not too personal. Also a rundown of all the line items you include in a spreadsheet, and maybe your rules of thumb for estimating-takeoffs or drawings other people provide. Take care.
@jamesp76234 жыл бұрын
When someone is looking for the lowest price the contractor that makes the most mistakes on the estimate gets the job.
@PerkinsBuilderBrothers4 жыл бұрын
James P that’s about right... and usually they don’t finish the job because they realize the money is going to run out way before they are done!
@Kralphrn Жыл бұрын
I watch all your videos and you have such a nice speaking manner. you should be on TV!!!
@mikewoods8974 жыл бұрын
Great advice. My dad was in commercial construction his entire adult life...from project management to chief estimator. He loved Excel spreadsheets! ❤❤❤ Very easy to keep track of everything and change items and it would calculate bottom line instantly. Knowing how to write a good contract is critical...also get ALL change orders IN WRITING. I have heard of many folks getting to the end...then it becomes your word against theirs. Plus no one wants the hassle of legal crap or bad publicity. Great video...you guys seem like a quality honest group of folks! 👍
@OffRoad-jh1do4 жыл бұрын
Well said my friend! I also state in my contract that text messages are a legal binding form of written agreement for change orders. I State in a text the change order and price, typically small and have the owner confirm in a text message back.
@Aleksandr_TexMaster4 жыл бұрын
как сказал мой дед: - чем больше бумаги, тем чище задница. Любой запрос клиента должен быть подписан в документе. as my grandfather said: - the more paper, the cleaner the ass. Any customer request must be signed in the document.
@chefsteven344 жыл бұрын
ball boy jones - I like it. I’m going to add that to my contracts. Thank you.
@OffRoad-jh1do4 жыл бұрын
@@chefsteven34 It saved me a few years ago. The client forgot they ordered the change and said it was a verbal change and did want to pay. I print all text changes and put them into the clients file after showing them text on printed paper they paid in full.
@Grunt494 жыл бұрын
You are doing a great service!Hope people realize how valuable this is.
@maximus-23073 жыл бұрын
what an honest guy, good job sir, you have my respect!
@maxrush2064 жыл бұрын
Thanks for making a video like this! As a young guy in construction it's been hard over the last two years to find information on pricing
@drymoonproperties4 жыл бұрын
I will say it for you this time. Nailed it!! Excellent job another reason you have been around for twenty years. I had a reputation for being one of the more expensive builders wasn't in it for charity. I also charged an upfront fee for a written estimate that went towards the total cost of the build if we were hired it prevented window shoppers and reinforced wasting time wasn't an option. The man was absolutely right when he said it takes lots of time and work to write an estimate and contract it must be rock solid and always always always use allowances that gives the client an upfront understanding of what they can spend without additional charges it a critical part of the contract arguably one of the most important parts!!
@kylepatterson54644 жыл бұрын
Good advice.. I don’t know if someone can be a true builder if they don’t start out as tote boy then learn to frame and layout then do plan take offs and order material and re order more and more TIL getting it right. Fall ..get up ..fall ..get up strive to keep going and $$$ bumps and bruises get smaller finally ..I like your channel keep putting out the videos so good builders can be better doing as you do.
@rivercity13964 жыл бұрын
Ive been a builder for 16 years and this was spot on. Great advise
@kevinobrien19334 жыл бұрын
Learning to weed out clients in the front end is super important glad you covered it. Great time saver
@ArthurDentZaphodBeeb4 жыл бұрын
Avoiding one bad job is worth 10 good jobs.
@ajs963504 жыл бұрын
I learned that the hard way, I learned to read them quickly.
@HarshRealityNewsletter4 жыл бұрын
Revise to read, "learning how to cheat people without them knowing it is important in this industry."
@ajs963504 жыл бұрын
@@HarshRealityNewsletter Only someone who has never been in the business would say that, or someone who thinks they know what they're doing but is just a poser. I've had my own business for about 20 years and have never ever screwed someone over, I have been screwed over by a client a few times, you learn what type of person will do that to you and learn to avoid them.
@HarshRealityNewsletter4 жыл бұрын
Right, because the vast majority of general contractors are trustworthy and never screw anyone over. I hate to tell you Max, but you're "in the business" where 95% of you are crooks or are completely useless. Ask any real estate investor or property manager what this biggest issues they have and the first two things they'll tell you are "professional" tenants and contractors. The first thing a property manager or real estate investor does when meeting a new contractor is toss them a small job and see how long it takes them to show up (typically never), and see how bad they try to screw them on price (typically always). The first things I see contractors doing are stacking jobs (lying about when they'll show up) and see how high they can push the price or lie and push a "change order" in the middle of the job.
@johnantazo18033 жыл бұрын
Thank You for this information. I learned a lot. I have been binge-watching the farmhouse series the past week and I'm on episode 51!
@mickrose96334 жыл бұрын
As a general contractor running the coast of Maine and New Hampshire I did business on a cost plus 15% contractor fee and I found there was never time once the ball was running to ever be dishonest.... way too much work! Laying out option and providing informed choices was way better way. Puts them involved and all about them and their family. Good video.
@robertgonzalez84194 жыл бұрын
Great info everything you said I agree with and some thing you didn’t mention that I can see in your character is to stay humble.Be safe God bless.
@alexrey69434 жыл бұрын
Dude, I appreciate your stuff. Please keep it up.
@ouimetco4 жыл бұрын
Got nailed on that high wind zone thing on a roofing contract. Extremely difficult to paper and shingle in constant 50kph winds. Learned the hard way. Wish I seen this video first. Cheers and thanks.
@Hello-zf5lq3 жыл бұрын
How can you tell if house is in a house wind place?
@ouimetco3 жыл бұрын
@@Hello-zf5lq stop at gas station and ask locals. Especially other contractors.
@vote4pedro74 жыл бұрын
You guys really are the bomb. So helpful, so honest. Job well done. You should be very proud.
@BeeTreeGuy4 жыл бұрын
You guys are awesome. I'm not in the construction business, but I'm learning a lot from your videos to do stuff for myself. Thanks for all the knowledge! Peace out!
@skepticalbill26444 жыл бұрын
Love your comment on the low bidder....good work ain't cheap..., cheap work ain't good...I use a similar system of weeding out people bottom hunting...there is a ton of work out there if you're willing to do it for free...I ain't!!! Love you videos...
@rhondakennedy819 Жыл бұрын
Learning. Be kind to one another. Stay safe. Love to all
@ribbledean41114 жыл бұрын
U dudes r awsome, that’s one reason I won’t make the jump an go on my own, it’s scary with how the economy is to price anything, material fluctuate so much anymore it’s tough to give a honest good price, I’m still learning that part!
@GroppFD823 жыл бұрын
Informative, I wish I would have watched this prior to our home build. Thanks
@miguelmejia93924 жыл бұрын
Thank you for this video. I’m a builder located in Boston. Keep up the great work!
@bseagle014 жыл бұрын
Amazing how many want something for nothing. From my experience, the more money they possess, the more difficult the client. As a WNC neighbor of yours; you make me proud! All the BEST Perkins Brothers...
@darkdelta4 жыл бұрын
Good information for future home owners too.
@jamesread86624 жыл бұрын
Hey Eric great video. Mayb you can do a video on how the money works once you get a job. How many of your clients use construction loans through a bank? How many are paying cash? And if they are paying cash do they give a deposit? Do you have draws just like a bank loan? Maybe some insight on that end. Also, how about what licenses you need to be a builder, if any. Obviously this may differ state to state. And maybe what qualifies someone to be a builder. Thanks
@gsneff4 жыл бұрын
Awesome video. I really liked that misc line item. I took college courses on pricing but theory never has those practical tips like that. I have two questions: 1) how big should that miscellaneous line be? 2%, 5% of the bid? 2) my biggest question is on the financial side of it. In college for construction management they never taught us about getting your jobs financed. What is that like? How much money should I have set aside before I even consider starting my own residential construction company? Thanks for all you do on your channel. Your craftsmanship and business knowledge you demonstrate is invaluable to people like me
@hansjensen78234 жыл бұрын
Great video. I started adding the miscellaneous line many years ago when I owned an automotive machine shop. It is so refreshing to have that padding when you run into those unforeseen extras. Now that I do home repair I still have that misc line. Whenever I see someone else’s low quote without that line I actually feel bad for them.
@jakebabendreier46704 жыл бұрын
This was a fantastic video. A great amount of information.
@seabean294 жыл бұрын
Erik,thank you for your great videos on construction,this information is very helpful,also from a consumers point of view.
@leeroach338110 ай бұрын
Very helpful Thank you for sharing
@andrewhobbs69624 жыл бұрын
Thanks for the content, it’s educational & entertaining! I’m looking to build my own home one day so I absolutely love the tips. Keep ‘me coming!
@the_hunterghost92314 жыл бұрын
You guys are awesome ... very important info just got shared .. thanks
@andrewclarkehomeimprovement3 жыл бұрын
I do a lot of bathrooms. Have a spreadsheet also. Covers every eventuality.
@derrickspencer64564 жыл бұрын
Thank you very much for this video! I would LOVE to see this list!
@passeagle55264 жыл бұрын
I think this is great for high end builders that are already well off with all tools and equipment. Also these builders no longer worry about the guy who works a regular job and is also trying tk raise a family. They clearly want the people with disposable income or people that think they have disposable income due to credit. And that is fine there is a big corner in that market. But the lower middle income (I said lower middle income not lower people) They cannot afford those builders. I contracted from the start to finish from the clearing of the land to the finish landscaping and saw how rich some builders were in high end places with multi million homes. To the point where they would not be caught dead building in a lower end neighborhood. Regardless there was quality work done in both neighborhoods. Problem was the guys that built in low end neighborhoods did not have all the nice fancy trucks and the contractors of those builder hardly ever showed up in beat up vehicles and beat up tools and other things needed for the build. They still rented equipment from the same rental company's and still bought lumber and concrete from same company's. Difference is the high end contractors or the ones that think are high end will not give you the time of day. The ones that are still building a name might try and work with you. The fresh newbies will try hard to get the job but might still make mistakes. Maybe it's worth it to you if believe the home market and what houses are really worth. When it comes to being your own builder... Just a side note my company had a 15 to 25 percent markup in certain builders just because they would nickle and dime us so much so they could get there bottom line better. Not all but some. If you are haggling with you builder. You should see how the builder haggle the contractor so he he can save more money to keep more money not to save you a dollar. I'm sure I will catch a lot of grief for this but hey I have since retired from that business so call me outdated. As a excuse also a little more ammo for the guys that want to explain there prices I built all around the Houston Texas area.... That will really bring out the true colors in the comments. Good fortune and happy building there is room for every1 in this market. And just to be clear I enjoy the Perkins Brothers videos no hate just 2cents with lousy Grammer and spelling. Regardless I made money on both ends
@talltreeconstruction4914 жыл бұрын
Awesome video. I’m an experienced contractor but still find this stuff intimidating
@jakerifers4 жыл бұрын
I was actually thinking about asking you guys to post a video of this topic today while driving to a job site wondering why don't I work for myself. Just one more thought closer to making the jump.
@AbbieHoffmansGhost4 жыл бұрын
When I hear the words, "Throw me a number", the first thing I do is throw their phone number away. Now I work alone doing mostly remodels and I tell people that I work strictly by time and materials. The people I work for are all folks that have heard of my work and been recommended by their friends. All my clients are return customers.
@MyFortressConstruction4 жыл бұрын
Yep, me too. Time and materials. Can't make as much, but sure keeps the headaches down.
@akennedster4 жыл бұрын
@@MyFortressConstruction Just curious, dont you feel like youre leaving money on the table because you invest so much in yourself honing your skills and accumulating tools and equipment to become more efficient and quicker. For example you do a job in 8 hours because of X amount of years of experience and charge say 75 per hour, when joe blow takes 16 hours charging the same amount per hour. Now the job should cost the 1200 joe blow charged but you screwed yourself.
@MyFortressConstruction4 жыл бұрын
@@akennedster Yes, many times I feel like I could have made more, but in the end the customer is happy because it's quality work, I'm happy because I was paid fairly, and with any extra time I took to fix problems, I didn't sweat it trying to make x amount on a job. Where you really start making money, if that's the goal, is in having guys work for you. Then you have to start moving past the time and materials method because you have guys relying on you to make a profit. But that increases your headaches 10 fold. Depends what you want.
@andreycham47974 жыл бұрын
@@akennedster I could pay $75 per hour for your expertise how to build a house not for monkey labor which I do by myself and keep $25 per hour in my pocket even If I do work 3 times slower
@akennedster4 жыл бұрын
@@andreycham4797 I'm not exactly understanding what you're saying I guess.
@keithwatson78304 жыл бұрын
Schedule of values, detailed for personal pricing and summarized for the client.
@jakehannad.23643 жыл бұрын
Thanks for the video! QUESTION! I've been a construction worker for over 3 years. My ultimate goal is to be a GC and build custom homes. How do you know when you have enough experience to become a builder and have your own business?
@akidojlaw5374 жыл бұрын
Great tips, thank you
@Wolfwithtablemanners4 жыл бұрын
I love your channel Keep up the good work
@josephhummel62004 жыл бұрын
Great video please do more. Like you could give an idea of how long it take to make an actual bid of course every region is different.
@cmm1705264 жыл бұрын
Great Video with a ton of great information. I would be very interested in any other info or tidbits that you might be able to offer in future videos? Thank you very much for your help.
@kokyspyder4 жыл бұрын
best builder ever !! love you no home ! great advice thank you !
@kermitjohnson77784 жыл бұрын
So much great information!
@imout6714 жыл бұрын
Thank you! I've never heard this kind of info.
@jimmymillerish4 жыл бұрын
Eric, Would it be possible to get a generic copy of the line item sheet. Also dont mind paying for it. Thanks
@chefsteven344 жыл бұрын
jimmy miller - PBB: Copy & paste to a flash drive. Offer for sale in your merchandise section. Media mail them out USPS. I’ll take one too. Shoot me an email as soon as they are available.
@aaronoconnell15974 жыл бұрын
What Jimmy said
@markrepovich21484 жыл бұрын
Or even a look at it during the video. It could be up there on the computer monitor behind you and you point out those different line items while talking about them.
@antondeannova70164 жыл бұрын
Your chenel is verry inspiration... Thx erik GBU
@brianglade8484 жыл бұрын
Nice video....let This Old House figure it out
@heknows54184 жыл бұрын
This Old House has NEVER brought a project in on time and budget.
@4legdfishman4 жыл бұрын
Great video as usual. Good info. I have one question. How do you predict the amount you add for your "miscellaneous" line? Is it a percentage of the entire cost or some other calculation? Thanks!
@PerkinsBuilderBrothers4 жыл бұрын
Good question… I generally go with 2 to 3% of the total cost of the project. I know that might sound like a lot but trust me it has been totally spent every single time.
@aaronoconnell15974 жыл бұрын
If it's totally spent every time isn't it too low then? So maybe 3-10%?
@deezynar4 жыл бұрын
I draw plans for a living. I just subscribed to your channel. Great video.
@MrPostFrame4 жыл бұрын
Great video.
@fishingblackwatersound4 жыл бұрын
Awesome video learned a lot thanks for teaching me the speed square in one of your last uploads
@lylecasteel3654 жыл бұрын
The hardest part of having a home built is finding an HONEST contractor. If you want to succeed in this business BE HONEST AND TRUSTWORTHY!!! Modern times with social media will make or break you I guarantee it.
@ericm57454 жыл бұрын
Very VERY helpful thanks
@cmfyb4 жыл бұрын
Do you happen to have the spreadsheet you use ?woukd greatly appreciate it if you post a link for it.love your videos ! Keep them coming!!
@joshuacamacho50603 жыл бұрын
thank you
@johnhammons12634 жыл бұрын
Did you build the house you showed in Maggie Valley?
@Ramdodge5824 жыл бұрын
in my parts (western Wa) custom home builds with basic (builder grade) finishes, not including septic/well/major site work is $220 per sq/ft.
@HomewiseProperties4 жыл бұрын
I’ve been watching you guys for a few months and everything you’re doing is great and I look forward to your videos every week. Any chance you might share that excel spreadsheet you mention in this video?
@PerkinsBuilderBrothers4 жыл бұрын
Thanks so much
@MrMayonnaiseMonster4 жыл бұрын
So important to get on the same page as the client and manage expectations. We just surveyed and cleared a lot for a client, haven't signed the contract yet but it's looking like we are going to send them an invoice for work done and dump them. Too many red flags already.
@MyFortressConstruction4 жыл бұрын
This is very timely. I'm taking over a 2200 sq ft barndominium build that was quoted at $52k for all interior work (HVAC, dual sided brick chimney, electrical, plumbing, drywall, insulation, flooring, cabinets, etc.). Needless to say they got $35k into it and haven't even gotten to insulating yet. I'm finishing the job as a time and materials job and will help the owner get subs to do some parts of it. I told them 3 months prior that his bid was about $25,000 too low for what they wanted, and they said, "Yeah, we got a great deal!" Now they're having to deal with fallout between them and the contractor and his subs. Contractors fault though, he didn't get anything in writing, didn't negotiate prices with subs and didn't do a good estimate. Hopefully he'll learn this time...
@guguimke57994 жыл бұрын
Yes, a miscellaneous line is great, but call it "contigency". It sounds better . Miscellaneous just makes someone feel like they are paying for your lunch ! Great video!
@mauricebrown90944 жыл бұрын
Question. If the builder on a job buys for instance buys 2 boxes of nails for there nail guns and only uses 1 & 1/3 boxes should ( in your opinion ) the home owner be able to ask for the left over nails as he is the one that really paid for them ????and so on for other products purchased by the builder for the job???? Would this come under a cost plus job??
@igorfed9934 жыл бұрын
Is there a video on how to acquire a GC’s license? If not, can you make one just going over the steps? (I’m also in WNC. Keep up the good work!)
@HPST2052 жыл бұрын
Dude you’re awesome
@cutabovetv81574 жыл бұрын
hey i love the information i am currently building my first home . i am having issues with sub contractors mainly plumbers not showing up and others . they even put some of the plumbing in the wrong spot which may not have been a big deal but they put the lift station in the middle of the stair wale so i moved the stairs which may not have been a problem but i already had the trusses ordered with a volted ceiling in that section im getting past that with some additional hand framing . my question is is this a common problem how would you address it ?
@chrism20424 жыл бұрын
See this too often doing architectural engineering for commercial/industrial projects. I will design the building, electrical, mech and plumbing per owner or GC while giving them input on what they will need to meet code requirements. I attempt to value engineer to a degree, knowing they will get a surprise when they price it. Of course when they get a $3M proposal on a building they had in their mind they could build for $750k, they don't understand. I done a 6 bay fire dept with training rooms, commercial kitchen and living quarters with on demand generator for facility. Three contractors bid the job, one came in significantly lower than the other two and I suggested not using that contractor knowing he low-balled to get the job. They started cutting corners from the beginning, I would catch it and make them go by the plans. They got approx. 70% into the project and their field guy let it slip that the contractor is closing the doors. Then the fire dept was left with a building not completed trying to find a contractor to finish it and no warranty (typical 1 year after construction completion)
@dennisb.34853 жыл бұрын
Would you be able to explain again the fixed price model vs. the cost plus model and how you price your % effort into the project. I kind of got lost there. Thank you!
@shanegillespie60144 жыл бұрын
Spot on!
@f.demascio18574 жыл бұрын
Not a new builder, butI had to hear what you had say.
@Graveltrucking4 жыл бұрын
Bidding houses is never easy, have friends in the construction trades spending hours going through house plans. There is always un-knowns no job is alike even if your building in a subdivision building similarly sized houses. Soon as you break ground it starts, site access, weather delays, painting the exterior of the house with interior latex paint. Any builder in my area will give you a rough cost per square foot, basic 4 walls and a roof is 250 a sqft, upgraded house 300 get into customs its 400 plus I've been told pushing 500. Retired people have gone off their rocker building 3000 sqft houses for 2 people.
@MrNaliux4 жыл бұрын
Where is this?
@Graveltrucking4 жыл бұрын
@@MrNaliux Western Canada
@panayiotiskoutoulas17534 жыл бұрын
Great Video I would like to know where can i find a copy of the spreadsheet you are using it can be very helpful
@TheSateef3 жыл бұрын
i sometimes do cost plus on the original quote but then if it goes over the quote, the customer pays the extra but i don't make more profit. that way i can quote less and its fair for me and the customer. that's important where i am on a small island where material costs vary wildly.
@willchapman97114 жыл бұрын
As a consumer... Watching you, the build show (matt, in Austin), rr builds (post frame barns), this old house, etc. I love building science. With the hope of getting to build/contract my home one day... Is there a spreadsheet that is detailed, that I could fill out and hand to a contractor to help aid his bid? (Ex: Wall construction- 2x6 studs, 24 on center, zip r sheathing 1inch, rockwool insulation in cavity, fluid applied sealent on every nail hole in zip and along foundation, in addition to tape.)
@cbinder464 жыл бұрын
a project that me and one of the PE's in my company is working on (structural engineer firm) is looking at a home (multimillion $ home) where the owner lives 2000 miles away and the builder got him to sign a cost+ contract. that builder went out and bought nothing by Glulams and LVL's to build the home. Poor detailing led to the large steel deck being mounted at an elevation too high to poor the elevated slab. Anchors that were going into cold joints (the interface where the slab meets the stem wall) and large pedestals that were done in multiple lifts with no vibration resulting in massive surface voids in the pour. I could go on and on about the deficiencies of this home. The worst part, the most egregious act of over built and wasted money was the loft floor framing and the fascia boards. ALL of the fascia was made of 1 3/4"x14" LVL....fascia...LVL. It was going to be covered with a metal material. The loft floor framing was 1 3/4"x16" LVL @ 16" centers, which isn't the worst thing for such a high end home...but the longest unsupported span for those floor joists was 16'-0"...TJI's would have done the job no problemo for half the cost. Like I said, I could go on and on and on. I am happy to hear you don't do cost+ contracts. Think of it this way...take a floor span where solid sawn, TJI, and LVL would all work and achieve the same L/1000 live load deflection criteria. Solid sawn would cost $10 per board (arbitrary number), TJI would cost $20 per piece, LVL would cost $40 per piece. All pieces are the same length, take the same time to install and use the same amount of fasteners. However, because of that cost+ contract, a scummy framer would opt for the LVL because he would get a bigger cut since the "+" part is usually a percentage, not a fixed amount.
@youngrandallhiku37734 жыл бұрын
Good to know stuff
@ABZD0193 жыл бұрын
Would it be possible to share a Google Drive version of that spreadsheet with the line-item breakdown you're talking about, as an example to be able to follow?
@gabrielestrada48033 жыл бұрын
So what do you need a license for? Like what part of the build?
@thej44684 жыл бұрын
Question: 35 x 50 monopitched house with 2 x 6 framing, i joist roof and 2nd subfloor that is 15 x 30 back end of the house. What would you charge to frame it? 3 bed, 2.5 bath, open dining and living space with 18 foot back end to 26 foot high end framing (3:12 ish or 13 deg)
@lewishall244 жыл бұрын
Hey, any chance you could talk about finances during a build and the differences between big and small jobs (houses vs say a small deck or a small reno). I'm yet to get my head around do contractors go out of pocket until the end of job or does a client pay a deposit, or even does money flow from the bank at different stages of a big build. Noob getting into building, loving your tips of the trades videos. Thanks
@believerscc4 жыл бұрын
I have been doing rehabs for awhile and made the jump to "new construction" last year(2 story, 1300 addition with 3 baths, long story). That "Misc" column aint no joke!!! On my last job, I paid my foundation guy 50% up front for his labor and material bid, then the rest after passed inspection. I paid my framer labor only based on completed criteria, ie first floor, second floor w/roof framed, sheathing/dry in, also all tied to inspections like windstorm in my area. I paid my electrician about half of his labor and materials after a passed rough in electrical inspection. I paid my plumber probably 25% to start for materials, then another 25 % at rough in, and left a balance of about $1000 after he completed but before final inspection. I got screwed on sheetrock, paying those yahoos hourly because their boss got his tools stolen and he decided to quit construction altogether. Then I did labor only by the task for my framer for siding, deck, flooring, and trim/doors. I'm also building only for myself for low income rental properties.
@patrickjackson73574 жыл бұрын
What percentage, or ratio should you put for miscellaneous of total bid
@michaelsparks86324 жыл бұрын
Materials are the easiest to figure, it's the labor that's difficult. oh, and after figuring your spread sheet, don't forget your profit line!
@jackichan72334 жыл бұрын
Would you consider posting your spread sheet ?
@patriot13034 жыл бұрын
You didn’t mention labor costs and how you figure that in? How do you know how many manhours to calculate when doing the estimate?
@makemyday14774 жыл бұрын
Patriot1 , there’s plenty of software you can get to help with your estimates. You plug in the job and it gives estimated cost to do it. Labor for you’re area, building materials and overhead and profit. So that misc. charge he spoke of is already built in. Do your due diligence on the project before bidding the job so you don’t get side swiped by an unexpected costs, that’s a rookie mistake. Know your area and the best practices in your area along with material used. In the northwest is different than the southeast although building codes don’t always reflect them. The best thing to do is be honest with yourself and your customers. If you don’t know if you can handle the job, get expert help, ask questions, admit you may need help. And if you’re new to an area let the customer know what you’re concerned about and what you may need to anticipate. Don’t bullshit them or it will bite you in the ass and just make you look stupid, nobody has all the answers so don’t try to kid anyone. And the number one thing to remember is, don’t spend the money until the job is done and all of your people are paid. So many new contractors think they are going to make so much profit on a job they spend themselves into trouble before the foundation is poured. Good luck.
@fredgassit33604 жыл бұрын
Yes, it's a big ask but a copy of your spreadsheet would be an enormous help. Thank you.
@themeat50534 жыл бұрын
Hmm, here in the world, workman's comp is a percentage of payroll. How do you estimate that? And, how is it different than any other day of work? Sounds like it's fuzzy. I'd be wary if I were the buyer.
@noahvogt4 жыл бұрын
How do you all deal with job site clean up and haul off.
@user-lb4vu4cq3x3 жыл бұрын
Do your customers already have plans when they contact you ?
@Aleksandr_TexMaster4 жыл бұрын
спасибо за познавательное видео. если не сложно покажи как вы работаете с проектами. что из себя представляет проект дома. есть ли таблица материалов в проекте. Thanks for the informative video. If not difficult, show how you work with projects. What is a house project? is there a table of materials in the project.
@abenzuoo4 жыл бұрын
Ty
@charleyandsarah4 жыл бұрын
How does the billing cycle work, do you invoice % completed periodically?
@stevekwaske46124 жыл бұрын
Monthly at the very least, or you could negotiate something else to your advantage
@mohedaicebearАй бұрын
is crew lunch factored in for yall ?
@damienlight42964 жыл бұрын
My builder did that he made everything look excessive ie labour materials,then asked for more and short cuts my god the short cuts blocks not filled, blocks not level they had no idea what thaye were doing.fiji isa