S
Sylvan Tieger
Apparently I'm Joe's rip-off scoundrel of the week, along with anyone who earns more than minimum wage, teachers and nurses (who in themselves obviously earn more than the minimum wage) .Yes, but surely the answers would be more interesting than for one of Joe-90's topics!
A men to plumbers/ electricians / roofers/ etc who know their worth and are not ashamed to charge for their education.
My apprenticeship 5 years 10,000 hours plus 144 hours of class room studies codes /welding /blue print drawing and reading/ safety etc.
Another 5 years working for a master plumber before I was even eligible
to take the 4 part masters exams over a period of one year
That is 10 years training plus my CEU to maintain my licenses and certification's
Someone has to pay for it as my education did not come easy or free.
I charge by the hour as 98% of my work is repair and my mark up on materials is 75 -200%
Why such a mark up?
Because most of the plumbing materials are now imported and If I install a valve and it has a casting defect I can either braze it or replace it either way I am stuck as the material failed.
The hefty mark up on materials protects me from manufacturing defects and items that are stolen (pinched) on the job site.
Many plumbers do not figure in their prices the cost of solder / flux / emery cloth /wire brush /flux brush/ acetylene /mapp and wear and tear on the pipe and tubing cutters.
Marking up reciprocating blades for example by 40% helps cover the cost of replacing the electric saws when they flunk out.
Keeping abreast of code changes buying new books replacing worn snake wires are all over head that many contractors never take into consideration.
I would rather fault a bloke for being to cheap then to expensive.
You can always judge how successful a contractor is by looking at the quality of life his employees have.
Bill Gates gives his top employees 6 months off paid vacation I guess he must be charging the right prices.
If A contractor I hire drives up in an old van I send him packing as I know he is not doing something right.
One ambassador I used to work for tld me to buy my first Mercedes I asked him why?
He said propaganda if you look sucessful then people will expect higher prices once they see you are driving around in a junkier.
Now on the other hand if instead of a 560 Mercedes I drove up in a Bentley I could rightly understand why an account would give me the boot as they realize someone has to pay for that much luxury and they would be upset.
Fine line between being called a thief and a good businessman who knows their worth.
By the way my personal best so far was $10,000 for ONE DAY'S work installing roof drains (7) hours me and two helpers
The account paid me on the spot with a check as they were thankful they no longer had to worry about leaks over a computer room because when the computers were down they said they lost over 1 MILLION PER HR in transactions.
If someone just heard a licensed master plumber with two teenagers grossed $10,000 for 7 hours it would seem high but its all relative as I do not come close to the million per hr.
More power to the folks who know to price properly as why rob your family from a better life.