How Much Do Subcontractors Charge Per Hour In general a rate should be based on a few specific details It should include you or your crew s hourly rate the cost of materials any overhead expenses and some amount of profit But when many contractors start out they only take
Most contractors charge a percentage of the total construction costs ranging from 10 to 20 If a contractor charges by hour expect to pay between 50 and 150 per hour Subcontractor hiring material costs and project scope will impact price There is no one answer to how much you should pay a subcontractor At the same time it is crucial to have a number in mind when negotiating a contract You ve won the bid and chosen your subcontractor to join your team for a reason You want to come up with a figure that both of you feel is fair
How Much Do Subcontractors Charge Per Hour
How Much Do Subcontractors Charge Per Hour
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Divide the total by your annual billable hours to arrive at your hourly rate 99 000 1 920 51 56 You may then want to round your hourly rate off to the nearest whole number i e 52 in this case Finally multiply your hourly rate by 8 to reach your day rate For example 52 x 8 416 Now you have your rates Awesome However the general range that one would expect to pay is usually around 50 00 to 150 00 per hour Other contractors don t charge an hourly rate General contractors charge about 10 to 20 percent of the total construction project cost For even larger projects you might pay closer to the 25 percent mark for professional construction services
Cost of living Billable Hours 1 Taxes Business Expenses Billable Hours Hourly Rate To provide you with an example we ll calculate an hourly rate using the following numbers Monthly cost of living 10 417 Billable hours per month 147 Monthly business expenses 1 610 Taxes 25 Using these numbers the formula would be Hourly Rate 50 150 hour rarely used for large projects Daily Rate 300 500 day Percentage Markup 10 20 of total project cost Subcontractors 40 50 hour or more depending on expertise and location Typical Project Cost Average Overall Cost 4 000 Projects range from 250 to 58 000 depending on scope and complexity
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Cost Subcontractors typically demand a higher rate than your regular employees If they charge too much ensuring the project is profitable can be challenging How to Start a Small Electrical Contractor Business Average Hourly Rates Typically electricians charge between 50 and 100 per hour But the first hour Once you ve determined these four things you calculate what you need to charge per hour by using the following formula TI BH 1 T O BH Hourly Rate For example we ll calculate an hourly rate using the following numbers Target income per month 10 417 Billable Hours per month 147 Monthly overhead 1610 Taxes 25
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In general a rate should be based on a few specific details It should include you or your crew s hourly rate the cost of materials any overhead expenses and some amount of profit But when many contractors start out they only take

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Most contractors charge a percentage of the total construction costs ranging from 10 to 20 If a contractor charges by hour expect to pay between 50 and 150 per hour Subcontractor hiring material costs and project scope will impact price

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