Commercial Pricing Advice

[Billy]

Im pretty confident and happy with my pricing of domestic work, but tomorrow I am off to look at a bit of work for a large building contractor, any advice on roughly how much I can inflate prices by and still be reasonable ?

[chrisgilltreesurgery]

I would charge 1/2 again of what you charge for domestic

[Billy]

Thanks for a useful reply Chris, as any threads mentioning pricing usually get trolled to death! More input welcome :-)

[Rupe]

Thats because it really is something you have to figure out for yourself. Just see waht it is they want doing, and what hoops they need you to jump through before your allowed to work on their site, and price it how you want. If you dont get it your too high, it really is that simple.

[oldwoodcutter]

Some building contractors knock a percentage off your invoice for some kind of construction industry tax.

Just make sure the price they accept is the price they pay.

Hope this helps.

[alex_m]

Tell them to put the contract on ebay, so we can all bid to pay them for it. Only fair mate.

[chrisgilltreesurgery]

I do a lot of commercial work, I have worked it out that if I have to wait 30 days for my money, it is usually very hard on your kit and you are usually asked to provide so much paper work that takes up your time to produce so this all must be taken into account. Because youd be better off just sticking to domestic and getting paid once you finish the job.

If its your first job for them make it good for them too as you want repeat work, and trust me there will be times where you can charge more to make it back up.

Usually they will get 3 quotes if the contract is over £1000, if this is the case then do everything to the best of your ability, produce method statement, site specific risk assessment, hace your cscs cards, two of you must be first aiders, hi-vis, health and saftety policy, wildlife assessment sheet, qualifications for you and the lads.

Edited April 30, 2012 by skyhuck
language

[chrisgilltreesurgery]

As far as the tax is concerned, this is not negotiable. They work this out using your UTR unique tax refrence number given by revenue and customs. They take 20% off me but that comes off your tax bill at the end of the year so may be a bad thing when your invoice gets paid but mint when your tax bill comes in and you owe nothing!

Thats why I said price 1/2 again ontop of your daily domestic day rate

[johnanderton]

Or 30% if you don't register ur self az sub - contractor .. !! I agree

1/2 again price of domestic , paper work a pain at first after doing domestic work ..

[Billy]

All interesting stuff, the jobs mine if Im sensible as far as I know but I don't want to miss out on the profit being too keen, most of the replies mirror what I was thinking anyway which is reassuring. will have to remember back to my training and put together some risk assessments etc.