As you all know our Quick Paint Rate painting rates calculator software has been developed from our years measuring and pricing commercial painting projects for painters all over the UK.
When calculating painting rates, one of the key factors is the overall daily painter charge or 'day rate' on which you base your rates.
The overall daily painter charge is the amount you need to charge per painter, per day, to cover the amount you pay the painter (prime labour cost), your Company overheads (direct and indirect) and Profit.
Direct Overheads are Company overhead costs that are directly attributed to a specific project. e.g. fuel, travel, parking, accommodation etc.
Indirect Overheads are Company overhead costs that are not related to a specific project. e.g. public and employers liability insurance, telephones, office costs, vehicle costs etc.
Remember, there can be a huge difference to the daily painter charge you can use for pricing domestic works to what you can base your rates on when pricing commercial painting projects.
The overall daily painter charge and materials prices are key factors when calculating painting rates. Too high and you will always be told that your price/rates are 'too high' and you will struggle to secure a painting project, too low and you run the risk of losing money on a job.
So how do you calculate what competitive overall daily charge to use?
In this first example, we are going to base the daily painter charge calcualtion on you using 'subbies' to carry out the works:
1. How much are you paying your subbies per day?
'Subbies' are paid £110-£150/day depending where you are located in the UK.
In this example, let's assume we are paying: £120.00/day
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2. Company Indirect and Profit Allowance (OHP)
Within your overall daily painter charge, you need to cover your company overheads and profit.
This is normally factored onto the labour as a percentage addition. Normally this is 28%-30%
which is sufficient to cover your Company direct overheads and profit. If you use any more than this, you run the risk of using too high a day rate resulting in apinting rates that are NOT 'competitive'.
This example is based on 30%. E.g. £120 x 30% = £36.00/day
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3. Are you paying any travel time on top of the basic daily pay?
Travel time is only ususally paid when the subbie is travelling over 1hr.
This is normally paid at a rate of £8-£15/hr depending where you are located in the UK.
In this example, let's assume we are NOT paying our subbie any extra for travel. £0.00/day
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4. Are you giving your subbie any extra for fuel?
Remember, this amount is per person, per day. So if you are giving a subbie £10/day for fuel,
but there are two subbies in the van, the fuel cost per person, per day, would be:
£10 divided by 2 = £5 per person per day.
In this example, lets say we are giving £10.00 fuel per day to a van with two painters in it.
Fuel allowance per person = £10 divided by 2 = £5.00/day
Your total daily painter charge required for this project would therefore be: £120 + £36.00 + £10.00 + £5.00 =
Total Daily Painter Charge £ 161.00 per day
Now of course you could charge more or less, but if you are unsure, use the above as a guide to calculate your daily painter charge. Don’t forget you get full telephone support with Quick Paint Rate, so if you have a question you can give us a call and speak with one of our painting estimators.
Also don’t forget the Guidance Note to each question. This is shown on the screen, against each question (click on the letter (i) circular symbol.
Regards,
Mark (Painting Estimator-panddonline)