How much should I charge?

My usual rule of thumb is your material cost x2 however this doesent always work as there are diferent variables with every job.

-- A hammer dangling from a wall will bang and sound like work when the wind blows the right way.

I always seem to under estimate time so I come up with a number for time and material and then go with some where between 2 1/2 times to 4 times what I calculate depending on how much detail and the customer. I’ve had them say that I must have forgotten something even when I’m going 4 times my estimate ,and of course I accommodated them and charged more. I think in the beginning I tended to under estimate the sanding and finish time the most.

-- Jim from Heirloom Woodshop Southern Oregon

Never, never, never build anything for profit without a prior agreement on price and a contract to back it up. Being in the trade, I would assume you already knew that first rule of business. Surely the contractor or homeowner gave you some sort of price point.

-- http://www.efcabineture.com/ You can be tired, or you can be broke, but you should never be tired and broke.

I gave the customer a ball park #. I told him that it would not be less than $3000.(each)
Sometimes in the home building biz solid numbers will hurt you or even break you. I know what you mean though…they usually say something like…”but you said…”
So far I have about $1100. in materials, not including the bent half round top.

Call a couple of cabinet shops in your area and ask their hourly shop rate since these may be the people you will compete against for the job. Consider they have a lot of overhead to charge that rate and come in somewhere under that for your rate.

Go to this web site. This topic is well covered by the pros.

Good luck.

www.woodweb.com/index.html

-- Langski, New Hampshire

Charge 3 1/2 x material..
If he has 4 beemers and a Rolls …. 12 x then offer him less 2%
Ps… Don’t blink.

-- "Even small steps makes a distance." (Shawn Phillips, musician)

According to CabinetMaker Magazine, the average shop rate for a cabinet shop is about the same as what you charge. $45-55/hr. My shop labor rate is $50/hr (just wish I could get that all the time) lol. BTW, if any of you get CabinetMaker magazine, this month they will have the results of their annual pricing survey. They send out detailed drawings of a couple kitchens and a few other projects to shops through out the country and ask us to bid on them as if we were bidding on them for a customer. They break down the survey and show the different prices. I’ve done it for the past four years and it always blows my mind the difference in the prices for the same job. They don’t list us by name, but just from the state we’re from. If anyone gets it this month, just look for SC…....That will be me. I’m usually the only one from SC to enter a bid, so it’s easy to figure out.

-- John @ Myrtle Beach

Well, he doesn’t have a beemer but he does have a Mercedes, a Caddy and a 50K Corvette! I think I’m going to come in around $2,200. I did get a price on cabinets from the local shop that supplied the kitchen… they wanted $1,400. to $1,800. per cabinet.