Carpentry estimating can be very tuff but here are some ways that you could use to make it easy. I’ll cover how to figure a reasonably amount of hours for any carpentry project. Also how many hours you should be getting paid for doing each carpentry job; which expenses should be included in a hourly rate; and different ways on how to estimate the time and expenses for a particular jobs so there will always be a profit in your pckets and not a loss.
Setting income goals for the year first is very important. It may seem strange to set your income goal first but the point of this rule is to also put you in control of your carpentry business. Set your intended income reasonably, but set it. If you have any questions on what’s fair and reasonable income for carpentry jobs in your area you could look up adds in magazines or newspapers, that tells you how much carpenters or contractors is charging.
One of the best ways to obtain information about pricing in the carpentry trade is to speak to other carpenters. Speak to carpenters that have become very successful in the carpetntry business they may be willing to give amatures a helping hand.
Anothe effective way is by studing carpenter jobs that have been bidded on and the biding has closed. There is ways to figure out approximately how much the other carpenters contractor is charging for their time on the job.
ESTIMATING YOUR ACTUAL WORK TIME
The next step for figuring the currently hourly rate for carpentry work is to estimate as precisely as possible how much time it takes to spend working for a full year. This sound like a big job but it is easier than you think. Here is couple of approaches that you can use. Pick the one that easiest fits.
Review a typical three month work period of your carpentry work schedule and use that as a basis for a yearly estimate to do this check you financial, records, calanders and any other records that may have identified every job that has to be done in that three month period. Make a note of each job listed on your calendar, checkbook, and so on and estimate how much time you spent on each job.
Add up the hours for the three-month period and multiply by four to provide a good estimate of the number of hours you can expect to work in a full year
Another ways is to estimate the number of hours per week on which you get paid (billable be hours). The important words here are “work for which you get paid.” You need to look at the time that you “work “ and then take away time that you don’t get paid for start with your usual workday
A usual carpentry estimate has 70% of the workday as actual work time. That means that if a carpenter worked a 50 hour week most of the time, his actual work time averages around 35 hours per week. Because of the different arons, paperwork on so on that the carpnter has to do
More on Carpentry Estimating