horly rate

[ICE]

I know for a fact that my Boss charges me out at £350.00 per day, but then again I am worth every penny. LOL


ICE

 

[markythesparky]

£350 a day!! How many hours are yu expected to do for that? and what breaks do you get. i'm wondering if i should be charging more.

 

[ICE]

My hours are 8 to 5 (on site) (traveling time not paid for)

I have a 20 min tea break around 10 and then 30 min lunch around 1
I also run a company van which the fuel and everything that goes with it is also paid.
I am PAYE so bare in mind that he pays NI Tax Fuel Van Insurance and what ever else an employer has to pay
I gross £150 a day

what do you reckon he earns out of me a day?

ICE

 

[markythesparky]

So to get my bearings...... do you get paid per hour? for an 8 hour day or 9 hours?

We pay our sparks £140-£150 for 8 hours. this is 8 am to 5pm with hour lunch which is not paid for. This works to £17.50-£18.75. would this be the same. We charge £200 a day.

To answer your question and based on my experience, i reckon he is earning about £160 to £180 an day out of you but this of course depends on where your working and what circumstances he has to pay for.

all in all he cant loose money on that at all even if he had to pay for you to go to manchester everyday.

 

[jimmyjazz]

Just installed a new 10 way board, removed 6 storage heaters (customer loaded van) & converted points to sockets & put into new board £550. Local small company quoted £925! What do you guys charge for a straight board change? Currently charge £40/45 per hr or £250 a day.

 

[Dazza1976]

Lol, i cant beleive how much this topic has been debated.
When I mentioned £60-£80 per hour, that is what alot of companies round london/surrey are charging. As i said the Handy Squad charge £70 per hour (They also charge that sort of rate just to come and hang some pictures on the wall !) Pimlico Plumbers charge £80 per hour for their electricians and a staggering £130 per hour on a Saturday !
There are numerous companies charging these sort of rates, and they have got work coming out their ears. People are prepared to pay these prices if they get a good quality service.
Obviously if you are going to be there for the whole day you will do a more reasonable day rate, say £250-£300.
I used to get nearly £15 per hour to drive a van for a living, and didnt spend 3 years at college to still be earning that sort of money.
Say you go out to a job, it takes you 45 mins to get there, you have spent money on petrol and added wear and tear to ur van,you unload your tools and the job itself is an easy one and only takes an hour to do, is it really worth your while if you are only going to earn £15 for it ?? I wouldnt bother getting out of bed for that!!
As i said many companies are charging 60-80 and getting the work, if you are providing a similar quality service why shouldnt you charge these sort of prices ?? it shouldnt matter how large or small your firm is.
At the end of the day people will quite happily pay £100 per hour to have their car serviced, so why shouldnt we charge a decent price, when after all peoples lifes can be put at risk if we do not do things properly.
Someone also mentioned about Jib rates, they are the minimum we should expect to earn per hour if working for another company, and you will probably find that any company paying you those sort of rates are probably charging the custome 5 times more !

Anyway, i think i have done enough ranting for now, cant wait for your further responses !

 

[opm electrical]

i cant believe its got this much interest either. all i wanted was some guidance as to what to charge. i put a quote in for my first job (labour only) expecting it to take me 5 days and i quoted £600. its local so travelling isnt an issue. so i guess ill just have to graft my nuts off and do it in 4 days instead

 

[kung]

The only thing id say is you have to take into consideration a few things ! people will pay going rates if they get a good safe clean job done regardless but what one person charges £20phr might do more/less than another charging £30phr its what you feel is right for your speed/work quality if just starting out id pitch at £20phr and onece your name is out there you can tweek your pricing to suit.
Best of luck.
Regards
Kung.

P.s. if you quote 5days and it takes 4 the customer will be happy & if you run into a few probs your be glad you quoted for the extra day ! morel of this is if you quote for a day but it takes 2 days or even 1.5 days if the customer has taken time off work they wont be happy if you need more time that the day quoted but will be if you took a day or 1.5 and quoted for 2 days !

 

[dolomite]

Hi all!!

Just as an addition to this thread, does everyone have a minimum charge?? Say for the first hour or two. If so whats the usual for this?
Got to be worth your while driving there, getting tools out of the van eh?!

Ta

Dolomite

P.S. had a call today asking me to change a light bulb.....................in a street light!!!!!!!

 

[mazdaman]

£15 an hour, you may as well work for someone else and save yourself the hassle of all the other work you need to do to run a business. If you work for yourself you need to factor in that you do not get paid, as you would if you worked for someone else, for bank holidays, 8 of approx, annual leave, plus the other time you need to put in such as your free quotes, visits to accountant, time when being audited for Part P, HMRC audits, van servicing, repairs etc on top of all the other overheads that have been mentioned, insurance, advertising cost software licences, etc. I charge £35-£40 per hour for domestic, £45-£50 for commercial and from £60 upwards for industrial, max so far I have charged is £120 per hour working in dusty environment at heights. If I can give you some sound advice that is if you are self employed you are a Business man first, electrician second!! If you are a brilliant sparky but a crap businessman your business will fail! Do you sums for a full 12 months and allow for the jobs you don't get paid for or someone going bankrupt as has happened to me.

As a rule of thumb to get your cost right, if you quote and you get every job you quote on, your to cheap!!
Look at getting approx 60% of the jobs you quote on. If you are still getting 85% upwards, put your cost up.

Its better to do less work for more money. If I charged 50% more than a competitor but only get 50% of the work I quote on for similar work, we both end up with same pay but my competitor has to do twice as much work, including paper work, running around to suppliers etc for the same amount of pay and I can have more time off. Some think it's a competition if they 'win' the job but it's all about getting more pay for the work that you do, do!

Charge what you think you are worth but many electricians do not charge enough because we are fighting with each other for business and with those doing jobs on the side. We should charge like solicitors, they will not drop the price but they also know there competitors will not drop either. They work together and have a pricing policy. I am an Electrical Engineer and worked for the electricity board and have managed many high cost projects. I now have my own electrical contracting business. All sparks should put there cost up. Do you know you can get paid more for removing rubbish!! I mean that, these online sites for work people will pay £400 to have rubbish removed from there garden and it takes about 2-3 hours for £400!! Employ a couple of numpties so you don't get your hands dirty. I sometime wonder if its worth being a spark at all but certainly not for £15/h!! No disrespect but its business novices like yourself who are driving prices down.