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Re: Contracts for cities
[Re: Eric Arnold]
#5016266
04/19/15 12:08 AM
04/19/15 12:08 AM
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Joined: Jul 2012
Posts: 188
California
Throw Back
OP
trapper
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OP
trapper
Joined: Jul 2012
Posts: 188
California
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How long do you think this is going to take you to do? If you use an hourly worth of $50 at $500 that is only 10 hours of billable work. Based on what you need to do, this could be one day's worth of work or 10 one hour days. If you've already spent an hour working on this to develop a contract, you're already $50 in the hole (using the $50 hourly worth) and as Bob said, don't forget about equipment, time on-site, travel, vehicle expenses, insurance, advertising, call backs, etc. (This is why most people will have an hourly worth between $75 and $125 per hour).
It is simple to figure out ball park figures once you know your hourly worth as all you need to do is estimate the amount of time required. So a 30 day gopher contract at $50/hr would be something like this:
Site Inspection - 30 min travel + 1 hr x 1 day x $50 = $75
Contract Prep/Submission/Q&A - 3 hrs x $50 = $150
Prep Labor - (1 hr x 1 day) x $50 = $50
Travel - (30 min [15 min each way] x 30 days / 60 min) x $50 = $750
Setup Labor - (2 hrs x 1) x $50 = $100
Labor - (30 min x 29 days / 60 min) x $50 = $725
Total Estimated Project Rate for 30 day project = $1,850
If you're looking at a 7 day project instead just adjust the travel and labor charges so it would look like this:
Site Inspection - 30 min travel + 1 hr x 1 day x $50 = $75
Contract Prep/Submission/Q&A - 3 hrs x $50 = $150
Prep Labor - (1 hr x 1 day) x $50 = $50
Travel - (30 min [15 min each way] x 7 days / 60 min) x $50 = $175
Setup Labor - (2 hrs x 1) x $50 = $100
Labor - (30 min x 6 days / 60 min) x $50 = $150
Total Estimated Project Rate for 7 day project = $700
Ok Eric, I took this model and applied it. I know $500 seemed low, I just want the job, but I cant let that eat the profits. I think I want to run two 10 day sessions. At and average of an hour a day drive included 1hr x 10 days x 2 sessions x $100/hr=$2000 1 hr inspections x $100=$100 (I have been inspecting this park everytime I go with my daughter anyway, befor they even called me just for fun, but we will include it.) 2 hr paperwork x $100=$200 Total for a 20 day program $2300+fees There may be a little more, a second inspection etc, but this would be a good ball park and gives me a little wiggle room to drop the price up to 25% and be in my range of hourly+profit.
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Re: Contracts for cities
[Re: Throw Back]
#5020405
04/21/15 05:02 PM
04/21/15 05:02 PM
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Joined: Jun 2013
Posts: 95
Florida
bjansma
trapper
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trapper
Joined: Jun 2013
Posts: 95
Florida
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Got an extra 2000+ bucks because you threw it out on the forum, too. Good for you.
Last edited by bjansma; 04/21/15 05:13 PM.
Bob Jansma
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Re: Contracts for cities
[Re: Throw Back]
#5021066
04/21/15 10:57 PM
04/21/15 10:57 PM
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Joined: Feb 2014
Posts: 34
NV, USA
NV man
trapper
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trapper
Joined: Feb 2014
Posts: 34
NV, USA
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Good for you! I hope you make a decent net profit. I recommend you keep track of everything the best that you can, this will show you how well you do and help in future proposals. Once in a while, I think I did really well profit-wise on a project, only to find that I didn't do as well as I should have. Always room for better management on my end.
"Our nation's health is dependent on local industry and commerce."
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Re: Contracts for cities
[Re: Throw Back]
#5022529
04/22/15 10:43 PM
04/22/15 10:43 PM
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Joined: May 2014
Posts: 4,828
Southwest Michigan
Michigan Trappin
trapper
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trapper
Joined: May 2014
Posts: 4,828
Southwest Michigan
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Won the contract. It feels good winning the contract even though I had the higher priced bid. Good for you, I have been watching the thread and as usual I see everyone being very helpful on here. I commend you all for your help in making it a great experience for throw back as well as the rest of us
Every day is a gift from GOD, don't waste it!!
If they have plenty of food, give them something interesting to smell
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Re: Contracts for cities
[Re: Michigan Trappin]
#5022596
04/22/15 11:31 PM
04/22/15 11:31 PM
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Joined: Jul 2012
Posts: 188
California
Throw Back
OP
trapper
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OP
trapper
Joined: Jul 2012
Posts: 188
California
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Won the contract. It feels good winning the contract even though I had the higher priced bid. Good for you, I have been watching the thread and as usual I see everyone being very helpful on here. I commend you all for your help in making it a great experience for throw back as well as the rest of us Really i think most of us know what to do and know what we are worth, I come here when I need someone to tell me to stop being a poozle, put my big boy pants on, and let others know what I'm worth! And that, is help you cant buy
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Re: Contracts for cities
[Re: Eric Arnold]
#5055142
05/21/15 05:43 AM
05/21/15 05:43 AM
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Joined: Dec 2006
Posts: 1,606
Maine
shorthair
trapper
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trapper
Joined: Dec 2006
Posts: 1,606
Maine
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How long do you think this is going to take you to do? If you use an hourly worth of $50 at $500 that is only 10 hours of billable work. Based on what you need to do, this could be one day's worth of work or 10 one hour days. If you've already spent an hour working on this to develop a contract, you're already $50 in the hole (using the $50 hourly worth) and as Bob said, don't forget about equipment, time on-site, travel, vehicle expenses, insurance, advertising, call backs, etc. (This is why most people will have an hourly worth between $75 and $125 per hour).
It is simple to figure out ball park figures once you know your hourly worth as all you need to do is estimate the amount of time required. So a 30 day gopher contract at $50/hr would be something like this:
Site Inspection - 30 min travel + 1 hr x 1 day x $50 = $75
Contract Prep/Submission/Q&A - 3 hrs x $50 = $150
Prep Labor - (1 hr x 1 day) x $50 = $50
Travel - (30 min [15 min each way] x 30 days / 60 min) x $50 = $750
Setup Labor - (2 hrs x 1) x $50 = $100
Labor - (30 min x 29 days / 60 min) x $50 = $725
Total Estimated Project Rate for 30 day project = $1,850
If you're looking at a 7 day project instead just adjust the travel and labor charges so it would look like this:
Site Inspection - 30 min travel + 1 hr x 1 day x $50 = $75
Contract Prep/Submission/Q&A - 3 hrs x $50 = $150
Prep Labor - (1 hr x 1 day) x $50 = $50
Travel - (30 min [15 min each way] x 7 days / 60 min) x $50 = $175
Setup Labor - (2 hrs x 1) x $50 = $100
Labor - (30 min x 6 days / 60 min) x $50 = $150
Total Estimated Project Rate for 7 day project = $700
Very helpful thanks
Last edited by shorthair; 05/21/15 05:44 AM.
"My biggest worry is that my wife (when I'm dead) will sell my traps for what I said I paid for them."
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Re: Contracts for cities
[Re: Throw Back]
#5055505
05/21/15 01:28 PM
05/21/15 01:28 PM
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Joined: Jan 2013
Posts: 32
OH
Eric Arnold
trapper
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trapper
Joined: Jan 2013
Posts: 32
OH
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Paul,
Technically, she's a CPA with a Master's in Accounting (she gets a little touchy with the accountant title as it doesn't require the same amount of schooling, testing or continuing education credits as a Certified Public Accountant) and we just celebrated our 21st Anniversary April 30th, but we've been together 24 years. Not as long as some of you, but a heck of a lot longer than either of our first marriages.
Eric Arnold
Publishing Editor W.C.T. Magazine
Editor The Fur Taker Magazine
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