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Time & Material

Chief | Posted in Business on October 24, 2008 05:09am

Does anyone remember which issue of Fine Homebuilding had the time & material estimate article in it?

Chief of all sinners.
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  1. user-267213 | Oct 26, 2008 02:18am | #1

    Uhg, time and material. I hate those words. I always seem to make only wages on those jobs, because, after all, even the best carpenter in the world should only make around $25 an hour. (A real quote.)

    FHB "Houses" issue #179??

    I hope that helps.

    1. Chief | Oct 28, 2008 03:22pm | #9

      Thanks!I read the article ...it didn't give me any more information than what I knew already. I was looking for specific contract wording. You wouldn't know of a good FREE source, would you?
      Chief of all sinners.

      1. silver77 | Oct 31, 2008 05:57am | #10

        Sonny sent me a contract/proposal several years ago...it was one that he used...I could attach a copy if you're interested...it's several pages long and very thorough.silver

      2. user-267213 | Nov 04, 2008 07:29am | #11

        Hi Chief,I just noticed that I missed your question.I'm afraid I don't know of any specific source of T&M contracts. I know that David Gerstel's book "Running a Successful Construction Company" mentions them.I did a little googling, and didn't really come up with much. Here is one link I found with downloadable contracts. Unfortunately, they cost.http://www.contractor-city.com/cofo.htmlI know that you mentioned "free", but it might be good to get some legal counsel on this, just to make sure everything is above board.I have used forms from this company that were pretty good: http://www.nebs.com I hope this helps.http://www.truenorthcarpentry.net

  2. Pelipeth | Oct 26, 2008 04:18am | #2

    This Old House had the best article on remodeling that I can ever recall seeing. It was entitled , Winning at the Remodeling Game. Covered all aspects of billing and priceing from Silva and the other contractors. I give copies to my clients, and it explains to them why I and Silva prefer T&M, but other options also. Works for me, but I do mostly small jobs. No I don't have the issue #, but it was 5 pages long. If interested call TOH.

    1. Frankn | Oct 26, 2008 05:16am | #3

      Can you post a copy.

      1. Pelipeth | Oct 26, 2008 01:40pm | #4

        I'm not real good with the computer, got a fax#.

        1. User avater
          GregWerner | Oct 26, 2008 04:25pm | #5

          I have a fax # if you'd be interested in faxing it to me. 814-641-7660.

          Thank You,Greg

          http://www.wernerbuilding.net

          1. Pelipeth | Oct 26, 2008 11:20pm | #6

            Yes, sure, Mon. or Tues.

          2. User avater
            GregWerner | Oct 27, 2008 03:02am | #7

            Thank you. I appreciate it.Greg

            http://www.wernerbuilding.net

          3. thebozer | Oct 27, 2008 04:15am | #8

            Can you scan and post??I'd like to see it.

  3. collarandhames | Nov 13, 2008 07:07am | #12

    I'm stuck in the world of T&M.  I bill at $35, and upcharge my materials at 6%.

    Gotta get out of this rut,, but I'm gettting such small jobs?

    HELP!

     

    1. Pelipeth | Nov 13, 2008 02:26pm | #13

      On small jobs, handyman, punch list stuff, I feel that's the only way you can bill. Raise your hourly rate to $40 per hr. That's an additional $40.00 per day and $200 per wk, based on 8 hr. days. Large jobs you can price out if you KNOW what your doing and do your homework before quoting a price.

    2. MikeSmith | Nov 13, 2008 04:55pm | #14

      recently  changed our T&M rate to $60

       and keep the  (Matls & Subs  x 1.25 )

      but i dislike  T&M.....  it's too hard to make money and satisfy the customerMike Hussein Smith Rhode Island : Design / Build / Repair / Restore

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