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Reply by pmayer

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Posted on Pricing on a loft bed

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pmayer

1032 posts in 3237 days


#1 posted 08-23-2015 04:04 PM

You have your material costs so the other two variables to plug into your formula are your hourly rate multiplied by the number of hours that you believe it will take. That produces your baseline price quote. Take that and weigh it against other factors such as

- is this a project that you’d like to build regularly so you need to get the first one under your belt to work out the design?
- what is the going rate for projects like this in your area?
- does your quote include delivery and installation?
- how customized does this need to be for the space? If they can use a “catalog configuration” without any customization, then they can buy this at a price point where you can’t compete.

For comparison, here’s how I’d quote this:

- materials $1000 (I’m guessing that you missed something. Did you include hardware and finish?)
- hours = 45
- shop rate = $60/hr.
- Delivery and installation in 30 mile radius = $500

Total = $4200

-- PaulMayer, http://www.vernswoodgoods.com


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