Making Money: Fixed Rate Pricing
Making Money: Fixed Rate Pricing
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The Cost Of Submitting Bid Work (& Why Fixed Rate Pricing Is Better)
The Cost Of Submitting Bid Work (& Why Fixed Rate Pricing Is Better)
Please note that this doesn’t include:
EXTRA earnings from having stable work that does not require submitting bids.
Time away from job sites- loss of employee efficiency, billable hours, etc
Frustration of not doing your trade
Calculate Pricing Per SqFt.
Calculate Pricing Per SqFt.
How do you calculate pricing by the square foot
To calculate pricing by the square foot, you need to follow these steps:
Determine the total area in square feet: Measure the length and width of the space you want to price and multiply them to find the total area in square feet.
Set the price per square foot: Decide on the price you want to charge per square foot for the product or service you're offering.
Multiply the area by the price: Multiply the total area in square feet by the price per square foot to calculate the total cost.
For example, if you have a room that is 10 feet long and 12 feet wide, the area is 10 feet x 12 feet = 120 square feet. If you charge $10 per square foot, the pricing would be 120 square feet x $10/square foot = $1200.
Hourly to the unit pricing
Hourly to the unit pricing
How do you convert hourly proving to by the unit pricing?
To convert from hourly pricing to unit pricing, follow these steps:
Determine the hourly rate: Identify the hourly rate you charge for your service or work.
Estimate the time per unit: Calculate how much time it takes you to complete one unit of work. This could be an hour, a fraction of an hour, or a different time unit, depending on your specific service.
Calculate unit pricing: Multiply the hourly rate by the time per unit to determine the unit pricing.
For example, if you charge $50 per hour and it takes you 0.5 hours to complete one unit of work, the unit pricing would be $50/hour x 0.5 hours = $25 per unit.
Keep in mind that this method assumes consistent and predictable time requirements for each unit. If the time per unit varies significantly, you might need to adjust your calculations accordingly.
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