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Jammydogg
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Really! Where do you get these figures from?

 

Just to put things in perspective I hired a bloke with a mini digger on Tuesday, Cost me £180...... £500+VAT........ I ask ya.

 

If you can get it, good luck.

 

 

People running a digger and operator for that are on a hiding to nothing, probably due to being unable to price.

Two points to put it perspective,

 

1. I had an extension built a little while back. general builders day rate was £200, just a van and tools and this rate is not particularly high. So how can someone seriously consider coming out with a mini digger for less?

 

2. I did a day on a 1.5t recently £375+VAT the digger was £80 including haulage and I topped it up with 10l or so of diesel before they took it back nothing left site. I don't feel this was a remarkable job.

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People running a digger and operator for that are on a hiding to nothing, probably due to being unable to price.

Two points to put it perspective,

 

1. I had an extension built a little while back. general builders day rate was £200, just a van and tools and this rate is not particularly high. So how can someone seriously consider coming out with a mini digger for less?

 

2. I did a day on a 1.5t recently £375+VAT the digger was £80 including haulage and I topped it up with 10l or so of diesel before they took it back nothing left site. I don't feel this was a remarkable job.

 

 

Totally agree Billy, saw that exact price (£180) advertised on a billboard in Hastings.

Good way to end up skint with a knackered machine IMO.

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People running a digger and operator for that are on a hiding to nothing, probably due to being unable to price.

 

Not necessarily, it all depends on the pattern of work and taking an averaging approach to overheads (and the same applies with the OP).

 

Working with gross figures, imagine your standard day rate is £300 and you need to average £60k pa gross. If you are averaging 4days/wk you are averaging £1200/wk, assuming 48wks/yr active you will gross £57.6k which isn't enough.

 

However, your machine is standing idle for a day a week. If you can find more work at the same rate, or you can increase your rates without losing work, you can fill the gap. However there is an alternative approach.

 

If you can find flexible work through a different route (ie extended client base) at £180/day then you are decreasing the time the kit is standing idle. If this fills in half the time, you are now averaging £1290/wk, or £61.9k pa.

 

What you can't do is to drop the rate for the standard client base, or take on too much of it, but as a 'fill-in' it can work out fine.

 

Alec

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Not necessarily, it all depends on the pattern of work and taking an averaging approach to overheads (and the same applies with the OP).

 

 

 

Working with gross figures, imagine your standard day rate is £300 and you need to average £60k pa gross. If you are averaging 4days/wk you are averaging £1200/wk, assuming 48wks/yr active you will gross £57.6k which isn't enough.

 

 

 

However, your machine is standing idle for a day a week. If you can find more work at the same rate, or you can increase your rates without losing work, you can fill the gap. However there is an alternative approach.

 

 

 

If you can find flexible work through a different route (ie extended client base) at £180/day then you are decreasing the time the kit is standing idle. If this fills in half the time, you are now averaging £1290/wk, or £61.9k pa.

 

 

 

What you can't do is to drop the rate for the standard client base, or take on too much of it, but as a 'fill-in' it can work out fine.

 

 

 

Alec

 

 

That is a bang on statement. Very much appreciated sir 👍🏾

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That is a bang on statement. Very much appreciated sir 👍🏾

 

 

But if you're busy on price work, compromise isn't needed, I know I am glad of any brief breaks in work to get on long term maintenance of the kit etc. I value that way higher than working for a pittance of a day rate in the same time

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