How much to charge for your work - Construction pricing

[@ThatTileChick]

If you want to schedule in vacation make sure you deduct that from the amount of working weeks in your calculation. For example, if you want to allot 2 weeks vacation (for personal and sick time) you would divide by 50 weeks instead of 52.

[@551Newf]

And you should! You deserve it. Always take care of you, because the business and customers won't. They will work you to death, and what fun is that. Might as well be an employee at that point.

[@rafaelarita3956]

nice video tanks for the information question what is [quick audit]?

[@patrickbertrand3091]

Thanks for this. This is very reassuring. I do almost the exact thing to know what to charge. Square foot pricing for tile jobs should be left in the past. It's not very relevant anymore.

[@parkth3car]

It’s funny how when people call a big franchise plumber or electric company it’s NBD it’s a high price. But when a small business owner charges a livable wage price people scoff at it.

[@jeffalan6339]

True very true

[@marwray1]

Yes. Some people do not realise how much hard work goes into running a business. Very well thought out plan. Tax. Expenses and a salary. Are a must have. 👍🏻

[@williamp9158]

I think you should add that one month vacation to your business expenses 😜☺️ Unfortunately a lot contractors work for peanuts and focus on speed. If we were to rely on what customers think we're worth, we would all be slaves. A lot of trades people get old and broke because they lack financial education 😥 This info is very valuable! Thank you for taking the time to do this.

[@ThatTileChick]

Appreciate the input! This is a very good point. I added a pinned comment to elaborate on adding vacation days/sick time.

[@jeffalan6339]

I have to add in winter layoff mid Nov until late March.

[@danthecarpenterman9463]

My advice is take your expenses and divide by 50 not 52 so that allows you for 2 weeks compensated time for sick days or vacation time like any other business

[@ThatTileChick]

VERY GOOD POINT. I didn't even think about talking about this.

[@danthecarpenterman9463]

@@ThatTileChick I also like to add some hours into bid for possible call back , try not to make that the case but if so it’s not at your cost

[@sparkyjerred419]

Very good explanation. I'm an electrician & it applies to me aswell.

[@MMViper05]

You two are amazing! Thank you so much Schannon for the great info. It is surprising how much we all under value our work. I hope your business get a boost in recognition.

[@honestlyforreal6304]

My tile installation labor prices are based on 2 things. My min rates ($80hr/ $800 day) and/or the level of experience required for the job. A basic 3x5 shower install w/ 12x24" tile is usually $6000 plus niche or bench at $600 each. $7200- $8000 is most common. That shower would be scheduled for 7-8 days. A floor is typically bid at $1000/day labor. Also, the further out I'm booked, the more I will bid. Obviously, I add materials cost at a 50% mark-up. At the end of the day, respect your customers' time & money. I want them EXCITED to give a great referral!

[@Thomas-wn7cl]

Another useful rule of thumb is to figure out union/prevailing wage in your area, including pay and benefits, and add on operating expenses plus management time. This would be a minimum. I also try not to fool myself with how long something will take, and would rather charge for an extra day or two than lose a day or two. I tend to be overly optimistic about how long a project will take.

[@rawlemic]

Thank you! This information answers some questions for me. There is too much garbage on the internet which has made it difficult for me to find this kind of info. Especially, since this is out of my scope of knowledge.

[@NachoTV]

It's nice to have a general idea of how much to charge

[@joeshmoe9940]

Great presentation! Don’t forget holidays in addition to vacation. For some holidays, you can’t work even if you wanted to because customers will be entertaining guests or doing family activities, etc.

[@habirabennett2139]

Yes yes yes pleas pleas do a video about the difference like delivery fee and how much and job prices. Thank you

[@garry15]

excellent and very informative video, i now realize how much i undercharge customers for day work and whole projects and will now price work based on my time and level of the workmanship they get.

[@ThatTileChick]

Yes exactly. You run a business, one in which your reputation is held based on the quality of your work. You should never have to give that away for free.

[@yadiracampos6074]

You do not have idea how much you are helping. Very informative information. I started my business this year and I felt complete lost when it come to charge. This makes total sense. Again, best information and video. Thanks for sharing your knowledge!! You are amazing 👏

[@ThatTileChick]

so happy to help you !

[@anthonysmart8170]

As a new business owner all of your videos are super helpful. Keep up the good work!

[@masterc9667]

I truly appreciate all the time,energy and information you put out and always aim to help others👏🏽👏🏽👏🏽👏🏽🙏🏽🙏🏽🙏🏽 I’m just a simple DIYer who is trying to make this a potential career and really appreciate the insight you provide.

[@ThatTileChick]

You are welcome! I hope this helps. DIY is a great path to doing this a career or business.

[@randyberger4910]

This is an excellent well thought out plan.I wish I had done this many years ago !

[@reloadrefine]

Tempting to share this video with customers.

[@dbetom4101]

Thank you. And Good to Great is an excellent read.

[@ThatTileChick]

YES I loved it

[@The8thDay]

This was a really informational video id pay to learn every detailed step and tip to starting a business

[@ThatTileChick]

Thanks for watching! And I’m glad it helped

[@margaretbear]

🎉🎊💃 Absolutely fantastic. Clear, NEEDED info. 👏👏👏

[@ThatTileChick]

Glad to help! thanks for watching !!!

[@jbitile8241]

I'm in Texas I do 425 plus material. Hard in Texas for the real installers Cause I'm a solo small buisness operator. Texas like wild wild west every one under bidding you. But only few know how to actually do job right. Why I bring my CTI certificate for prove and explain the waterproofing part. Thar important. But I just started charging almond double my little lower then double. Cause I hired a helper to knock out more jobs.

[@lambertomidolini8027]

Thank you that was very informative. Straight on point.

[@gustavoguzman2678]

Very good info. Very detailed. Loved it.

[@jamescrozier8156]

Another great video. Very informative. Thank you. Do you use any management software?

[@vicentecontreras7071]

Thank you guerrita for the good info very good job on your projects guerrita 🌞✌️👍

[@selenhya]

I'm from Arizona and apparently everyone out here thinks I charge a elbow and a leg for my tile work, yet still hire me saying that they know my work will be quality. I sell what I'm worth.

[@kellybelcher7054]

Shannon thanks for this. I can't even think about all of the beautiful work I "gave away" because of not knowing my numbers. You guys keep up the great work. where is the spreadsheet located?

[@ThatTileChick]

Kelly. So sorry I forgot to upload the spreadsheet. I will upload it tomorrow and comment back! Thanks for watching

[@andrewmacartney76]

I like to charge by sq ft Price for waterproofing Price for tile Its much easier

[@jeffreylonigro1382]

I charge between 2 and 4 thousand for a tub surround. 2k if it’s straightforward, I can set my saw up close by and framing is plumb. It goes up from there for tiling around windows, tiling to 9 foot ceiling, niches, etc. I see too many contractors charging what they need to change instead of what the job is worth. For instance, some guy needs to make 300 a to get by and figures a job will take 5 days so he charges $1500. That’s wrong. You need to know what the job is worth. You don’t see too many 60 year old tilers for a reason: contracting takes its toll on your body.

[@OOGLiBOOGLiTX]

Great video. Needed this Shannon

[@ThatTileChick]

happy to help!

[@rangus1595]

Sound advice. Did you upload the spread sheet that would be super helpful 😊

[@juancampos1616]

Thank you very much God bless you and your family 🙏

[@vicentegarcia6463]

Great information , thanks to take the time to share it,also l love what you shirt say. 👍Quality wins👍

[@MikeHuntz810]

awesome video

[@yashapuzankov967]

Great insights, thanks!

[@mmproperties4350]

Awesome details

[@michaelbacile8439]

What’s y’all’s thought process behind “target profit goal”. From what I understand being in an Scorp you have the ability to take an owners draw that doesn’t get hit as hard tax wise as regular income separate from your weekly pay. We do day rates too, hourly pay is just too all over the place for us (we install all types of floor covering, not just tile). Are you just trying to hit a long term retirement nest egg goal with the 200k/yr and then take owners draws as you get older orrrr what? We’ve been doing essentially the same thing just taking all overhead, day rate and adding 25-40% to get our quotes.. no real target for annual revenue. We’re profiting but there isn’t as much as we’d like annually to do things like upgrade equipment which we really need to do

[@19jody72]

You're coming up... good job!

[@nahuelgalmarini117]

I appreciate all your knowledge that you share and i think you and your husband make the best team out there also You are so so beautiful!! I follow you on social media and I love all your work!!

[@ThatTileChick]

Thank you so much

[@goldeneagle_wld245]

Very valible info 💪

[@ThatTileChick]

Thank you!

[@evandrotervy3661]

Thank you for this video, btw you said you would upload an excel sheet, where could I get it? Thanks

[@jeffalan6339]

US shady contractors as we're known as. As shady contractor have had the client want senior discount, or my last I installed composite decking after the pressure treated was removed. He watched me how to do it, so he felt because he worked when I wasn't there, he wanted to renegotiate the price. Failed to pay the bill in full. He feels what he paid me is paid in full. Can you say small ciams. It's near $3,000! Stilled owed. Homeowner can go on the news get attention, yet a tradesman does the same to be laughed at. My contract has grown from 1.5 pages to 5.5 pages in just 2 years. I see it as stealing or shoplifting. They have no intention of paying your price for the completed project. Seen many tight a**es in my years of working.

[@aaronfoss888]

Well done

[@linnsoltwedel]

I fix computers, and very cheap! But still their is people thinking its expensive. I am 50 % of what most take. Then I just tell them to do the job them selfs (Usually saving all of their pictures because they dont take backups when a computers breaks.

[@71chevelle5]

Do you add extra for holidays and vacations. Good intro for cost estimating.

[@ThatTileChick]

I honestly completely forgot to talk about that in the video. I would just change the calculation from 52 weeks to 50 or 49 if you want to add in 2-3 weeks for vacation and personal time/emergencies.

[@scottkeefer5390]

Great.

[@alwaysvacationing5341]

Great info. Thank you.

[@ThatTileChick]

very welcome !

[@princeodinson3239]

Love and appreciate this video....

[@ThatTileChick]

thank YOU!

[@screwTHEwood]

Hey great video! Quick question; I had trouble landing jobs in the past doing estimates and decided to just start charging per hour for my time and giving estimates on the amount of time it will take me to finish. Is this a good way to do business?

[@jesusjortiz84]

How would you calculate en employees rate? Say you pay him 45/hr

[@benjamindelfs2718]

No two jobs are the same. Some need to be by the metre, and smaller and more slower jobs should be done by the hour at a set price, you need to make profit off of your materials, and be able to cover travel, tools etc. plus putting away money for retirement, injuries and so much more. Sole trading isn’t easy to do.

[@manuelfernandez2427]

Hi Shannon. Did you upload the Excel spreadsheet somewhere else? Thannks.

[@TerryArbgast]

So, if you decide your work day is 8 hours and you estimate your work for a customer will take half a day. Would you charge approximately 450 dollars above expenses for the job?

[@thejimbernardineteam3708]

You are only ripping people if you don’t give them what they paid for. Quality costs $$$. Charge for what you do! Thank you for this great info

[@DrainChamps]

What do you charge for delivery of material?

[@marcopoulin1897]

Nevercharge delivery fee to customer wtf

[@pitchforkpeasant6219]

I charge an hour which includes time and gas to deal with materials. It costs me gas and takes me way more than an hour that i could otherwise be working making that money to begin with. And given the cost of gas, I think an hour is beyond fair

[@LuisRuiz-lo5rc]

Shouldn't you take into account is 52 wks in a yr vs. 12 mths in a yr. of cost accounting?

[@whosedroneisthat]

Aloha from Hawaii

[@dailodai9586]

what if some jobs are a little shy from the amount you need to make in a day lets say 10-15% less. do you still take on the project or stick to the numbers.

[@ThatTileChick]

Always stick to your numbers. If you work for less, you are essentially allowing that client to steal from your business.

[@dailodai9586]

@@ThatTileChick got it tysm. makes a lot of sense. keep up the great content. strong work..

[@Ukacip]

Thats if you do the work by yourself what if you have employees to

[@jacobedwards3311]

Tell em miss

[@July-A7]

Alright. Good points. However, you feel as if you've discovered something extraordinary. Well, it isn't. It's just common sense. It's how the world goes round. It's how business is run. Further, you may want yo make certain profit, but there are market forces in play and you may well be priced out and left without any customers. Hence, you have to be competitive. If you can get away by charging arm and a leg, since you sre youtuber, fine. But the ordinary tradespeople had better watch out or else they won't sell anything this month. And the next . And the one after .. Best of luck!

[@Fiberleo]

what about licensing about what u do?

[@yousifyoukhana2418]

🌹🌹🌹👊

[@BreezyBuilds]

Tax planning 👍

[@pitchforkpeasant6219]

Self employment tax charge. Something else to include

[@AlanMcCarthyguitar]

I get depressed watching this , in Ireland tilers can’t get remotely near these prices , if you tried you just wouldn’t get the job ,

[@christophert7251]

So, $112 an hour based on your numbers.

[@richardmckrell4899]

Bad advise. You want to be in the total bathroom remodeling business, not the tiling business. Focus on fixed price total bathroom remodeling jobs in the high end luxury market. Not marking up materials is crazy. You want a 100% markup on everything. Never work by the hour, always provide fixed prices. No matter what, do not have the mindset that you are in the tile installation business.

[@darthinsidious1769]

The thumbnail looked like an Onlyfans models!! 🤣🤣🤣

[@ThatTileChick]

HAHAH - definitely didn't do that on purpose

[@darthinsidious1769]

@@ThatTileChick Lmao!! I know. You actually work! 😂

[@niinaajokatzenborn8445]

A LICENSED general contractor should have a base rate of $100 am hour minimum. & that's in Trumps booming economy. With BidenFlation maybe $150 if you wanna make ends meet plus pay your licenses.

[@MK67934]

Wow with your rate us engineers are totally being ripped off for sure. We have extermly risky jobs not only our lives but lives others and yet as senior engineer we get paid more 60 dollars an hour and expected work overtime for nothing. With your rates we should paid more like 400 dollars an hour.

[@mae2759]

@@MK67934 Sounds like you need to have a discussion with your employer then.

[@plumbobmillionaire6246]

@@MK67934 you are trying to compare apples to oranges.

[@ripvansparky]

​@MK67934 you also get to count on that check every two weeks. Not much risk there. Contractors risk their lives and others as well. Contractors have way more expenses than someone sitting at a desk pushing a pencil. And it takes just as long to learn to be a successful contractor. I've worked for a few engineers that didn't have a clue what i did. Everybody that has put in the work and takes the risks deserve to have a good living.

[@wenkueichiang1976]

Approx $100 an hour great for u but not for the customer personally I would never pay a tiler $100 per hour no matter how good they are that’s robbery oh I forgot your a surgeon must be because what u r charging u charge this amount because u know u can get it because there are a lot of stupid people who will pay that good for u but not your customer

[@kennybrown7210]

You obviously don't run a successful business. Thats an extremely fair rate in most parts of the U.S. Especially if you have to pay a helper. That includes, insurance, transportation, tools and blades that break down, unforseen delays that extend the job time, self-insurance in case you accidentally break/waste material, covering potential days off between jobs. Its not just $100 an hour in your own pocket, and even if it was thats not a particularly high household income.

[@aaronfoss888]

In my side jobs I charge $50 an hour, I advise what materials to buy and the customer picks everything up. Then I install.