Pricing of jobs

[hyperion]

There are always lots of variables to take into consideration when being a subby. Some of these would be the location that you live in comparison to the area that you are prepared to travel to get the work.
Whether you are a known engineer with an established background of quality work.
How keen you are to get some good work to build your reputation.
Sometimes cheap is not always the best, but you have to start somewhere.
If you are working on your own you might be able to ask for up to £200.00 per day without materials, but that would include mileage up to say 60 miles. if you can provide a reliable mate, then if you have an established background you might be able to get £300.00 per day including mileage.
Pricing jobs including materials will take you a while to get to grips with the materials costs. If you do not have any trade accounts, then you will be paying more for your materials. If your business is not REFCOM registered then you will probably have a problem buying refrigerant legally.
You will learn quite quickly the companies that pay you and give you more work and the ones that give you more work, beat you down on the price and then pay very slowly, if at all.
It is a steep learning curve which provided you can give good quality workmanship and value for money and don't give in so that you can build your reputation.
Good luck and just take it one step at a time.

[Rob White]

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Pick the lowest figure you need to survive on a year.......

Lets say that is £20,000. 365 days, 52 weeks or 12 months.

How many weeks holiday a year say 4? so you are left with 48 weeks.

how many days a week do you want to work 5, 6 or 7? Say 5?? 5 days a week adds up to about 34 - 35 weeks
a year so you need to earn £20k over 35 weeks. Lets say you allow another month for pricing, costing, sizing and all the other admin duties, that leaves about 30 or 31 weeks to earn £20k.

£20k / 30 weeks is about £667 a week that's about £134 a day to earn £20k.

Take expenses like fuel, insurance, illness and VAT into account you might want to double that amount, maybe?

Regards
Rob

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[r.bartlett]

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Pick the lowest figure you need to survive on a year.......

Lets say that is £20,000. 365 days, 52 weeks or 12 months.

How many weeks holiday a year say 4? so you are left with 48 weeks.

how many days a week do you want to work 5, 6 or 7? Say 5?? 5 days a week adds up to about 34 - 35 weeks
a year so you need to earn £20k over 35 weeks. Lets say you allow another month for pricing, costing, sizing and all the other admin duties, that leaves about 30 or 31 weeks to earn £20k.

£20k / 30 weeks is about £667 a week that's about £134 a day to earn £20k.

Take expenses like fuel, insurance, illness and VAT into account you might want to double that amount, maybe?

Regards
Rob

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Your numbers don't make sense.:-)

No subbie takes weeks off to do paperwork etc that's done in the evening or by the Mrs. You won't get 4 weeks holiday you get days not worked. If it's there you're not going to refuse it. If it's not then you need to go find it. Life as a subbie is hard. This 'being your own boss' is BS. You are everyones bitch and if you won't do it they will find someone else and you won't get another phone call etc etc..

So ignoring Christmas etc you have approx 50 weeks x 5 days (you will work saturday and Sunday if they want you not if you fancy it btw) or 250 days to 'earn' the 20k. (read 40k)

As a subbie you need to earn at least 40k . so 40,000/250 =160 a day+ expenses. a good subbies should be around 20-25ph or you may as well work for someone else and let them have all the s.h.i.t.e that goes with it.

IMHO.

[monkey spanners]

These are worth a read,

https://www.amazon.co.uk/Where-Did-Money-Accounting-Profitable/dp/0984587608/ref=sr_1_24?s=books&ie=UTF8&qid=1552834418&sr=1-24&keywords=where+did+the+money+go

and

https://www.amazon.co.uk/gp/product/B01FIXYE2S/ref=dbs_a_def_rwt_bibl_vppi_i4


Basically you'll end up charging less than you should as there is always someone cheaper which you are competing with, but its worth knowing you are doing stuff too cheap rather than being a busy fool.