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Time Estimates

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Forum topic by Samantha posted 1339 days ago 770 views 0 times favorited 4 replies Add to Favorites Watch
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Samantha

2 posts in 1651 days


1339 days ago

Topic tags/keywords: question estimate

I’m trying to come up with an estimate for my first client. I’ll be building 4 stools. I’ve built stools before, but didn’t keep track of my hours.

How would you come up with an estimate?


4 replies so far

View Brandon Hintz's profile

Brandon Hintz

53 posts in 1607 days


#1 posted 1339 days ago

Break your stools into assemblies, figure out how long to do each assembly, multiply that by 1.5 cause we all think we’re faster than we are. That will give you your time and as you make more you’ll get faster to make more money. Then factor in your materials plus at least 25% The biggest thing you need to decide is how much is your time worth. because even if you know your hours and materials you’ll have trouble if you haven’t decided how much your time is worth.

-- Potential is limited only by imagination

View Dennis Fletcher's profile

Dennis Fletcher

455 posts in 1653 days


#2 posted 1339 days ago

Brandon, thanks for posting that info.What a great way to estimate the time.

Good luck, Samantha, I hope this works out great for you.

-- http://www.ahomespecialist.net, Making design and application one. †

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Samantha

2 posts in 1651 days


#3 posted 1339 days ago

Thanks everyone. I think have a good idea of what to do now.

View Sawkerf's profile

Sawkerf

1730 posts in 1667 days


#4 posted 1339 days ago

First, think thru how you’ll do the job including any time needed to make jigs, patterns, etc. Multiply that number by at least 1.5 ‘cause none of us are as good as we think we are. – lol Include shopping time in your time guesstimate.

Second, add in the time you’ve already spent – or expect to spend – talking with the customer about what they want and what you will do. (Those aren’t always the same, btw) Add any design (i.e. drawing) time, as well.

Third, price out the materials you’ll need – including hardware, fillers, stains, finishes, etc. Also add in any special tools you might need for this job.

Finally assign a value to your time.

Add it up and you have a price. Simple, huh?

-- Adversity doesn't build character...................it reveals it.

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