How to determine fair and equitable rates?

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Subject Author Date
How to determine fair and equitable rates? Rick Barter (rvb) 05-19-2008
Posted by johnnytorch on May 20, 2008, 9:06 pm
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> I can only recommend breaking the job down in to as many small steps as
> possible, and estimating the time for each step. If you look at a job like
> this and just guess a total, you will usually be low.

That's how I do it. I usually end the job within 5-10% of what I quote.
USUALLY. You will loose your ass on some jobs; just mark it up for
experience.

I charge $60/hr shop rate and $75/hr in the field. This figures in
consumables unless I'm running a process that uses and excessive amount of
them (heavy OA cutting, high deposition welding, etc...).

The number you come up with will probably look high. You'll get used to
that. Don't starve.




Posted by Jim C Roberts on May 22, 2008, 8:59 pm
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> The number you come up with will probably look high. You'll get used to
> that. Don't starve.


I once informed a customer who thought my price was too high, "If I'm
gonna starve to death I"ll do it sitting at home, not working." Did not get
the job, kinda glad because the guy who did do it had to put up with alot of
crap to get his $$.

Jim



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