Pricing jobs

Electrisco-pops

Hi all,

I'm setting up as a sole trader with an initial focus on house wiring. I'm a little unsure how to properly price jobs. I have been told by some electricians that they charge €60 per point but I'm assume there could be better structure.

Can anyone advise where I could get some guidance on how to price jobs as I do not want to overcharge or short change myself.

Thanks in advance.

EHP

Electrisco-pops wrote: »

Hi all,

I'm setting up as a sole trader with an initial focus on house wiring. I'm a little unsure how to properly price jobs. I have been told by some electricians that they charge €60 per point but I'm assume there could be better structure.

Can anyone advise where I could get some guidance on how to price jobs as I do not want to overcharge or short change myself.

Thanks in advance.

Pricing is the worst part and the one part that varies massively. My first piece of advise is to not for any reason underprice, your time is your most valuable asset. I have heard of guys charging €40 a point all the way to €120 a point, personally I don't do new builds as I find maintenance work more profitable, however I do have to do the odd one for regular customers and I charge €100 a point and add the cost of fuse board, smokes, fancy lights or anything other than a standard white socket/switch on as extra. For non priced work it's €80 for the 1st hour and €50 for every other hour for all work within 1/2 an hour of me. If I have to travel it's €60 per hour while driving to and from the job all these prices are ex Vat. Hope this helps and remember you're better off working less hours for more money than working around the clock for less money.

Electrisco-pops

EHP wrote: »

Pricing is the worst part and the one part that varies massively. My first piece of advise is to not for any reason underprice, your time is your most valuable asset. I have heard of guys charging €40 a point all the way to €120 a point, personally I don't do new builds as I find maintenance work more profitable, however I do have to do the odd one for regular customers and I charge €100 a point and add the cost of fuse board, smokes, fancy lights or anything other than a standard white socket/switch on as extra. For non priced work it's €80 for the 1st hour and €50 for every other hour for all work within 1/2 an hour of me. If I have to travel it's €60 per hour while driving to and from the job all these prices are ex Vat. Hope this helps and remember you're better off working less hours for more money than working around the clock for less money.

Many thanks for the tips. Now I must attemp to build a network of contacts before I can safely quit my job as a project engineer.

Long term I intend on specialising in EV charging, solar PV, energy systems, lighting control and industrial control. I know there is a lot of people at it but it is what I like doing.

Correct me if I'm wrong but I am advised that the economy is doing great so I believe now is a good time to get out on my own.