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How to Bid a Paint Job | TCF739 

Contractor Fight TV
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In this episode, Tom walks through how to bid for interior painting projects. He explains why your price may be higher or lower than your competition's and shares some essential considerations for estimating projects in the painting business.
Conversation Highlights:
[00:00] - Introduction
[00:33] - Identifying profit leaks in your business
[02:25] - Pricing strategies in the construction industry
[03:09] - Scientific approach for pricing
[04:30] - The importance of production rates
[07:23] - "Take some time and track"
[09:44] - Bidding for repainting a 12 x 12 room
[13:08] - The art and science of estimating
[16:16] - Optimizing productivity through task time management
[18:00] - The Fight GPS call
🧭 👉 Find out what's holding you back from making more money. Discover the leaks in your business and learn how to fix them with The Fight GPS Call. Visit thecontractorfight.com/gps
💸 Grab your copy of our FREE Contractors Guide to Spotting Cheap Prospects here: thecontractorfight.com/cheap
🛡 Join us in BATTLEGROUND - Everything your contracting business needs in one comprehensive program. Three main focus areas: Leadership, Communication, and Numbers. For more info visit: thecontractorfight.com/battle...
🥊 Get your free copy of Tom's book Winning the Contractor Fight: thecontractorfight.com/book
(Just pay shipping)
🥊 Connect with other contractors building stronger businesses in The Contractor Fight: thecontractorfight.com/facebook
🥊 Grab the Gear: gear.thecontractorfight.com/
Tom Reber is an entrepreneur, business coach, podcaster, leader of The Contractor Fight, creator of Contractor Fight TV and HGTV host. Tom's content has helped hundreds of thousands of home improvement contractors improve their lives and businesses.
The Contractor Fight is the ultimate resource for becoming an uncommon contractor!
Pick a fight with mediocrity. Live Unafraid.
🥊 Find Us on Social Media:
Podcast: thecontractorfight.com/podcast
Facebook: thecontractorfight.com/facebook
Instagram: thecontractorfight.com/ig
Website: thecontractorfight.com
#contractor #bluecollar #contractorpodcast #contractorsofinstagram

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3 авг 2024

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Комментарии : 27   
@Musichog1295
@Musichog1295 Год назад
This is exactly what I needed Tom. Thank you. I've been having disagreements with my dad over the use of time vs square footage. Now I see that we need both.
@contractorfighttv
@contractorfighttv Год назад
Glad it was helpful!
@maryhayes6793
@maryhayes6793 9 месяцев назад
All you have to do is take your combined hourly rate and say it's $50+$50=100 Now say the job that's 2000sqft will take 40 hrs 40x100=$4000 4000÷2000=$2 so your sqft price for this 2000sqft job is $2 per sqft and your labor rate is $100 per hour. Hope this helps and basically both you and your dads right
@pitbullyfulday2549
@pitbullyfulday2549 Год назад
Thank you ! I always watch your videos, especially related to my Painting buisness. You taught me so much since I started in 2020 including correcting my mindset on money and team management. Thanks again.
@contractorfighttv
@contractorfighttv Год назад
Wow, thank you!
@sub.owen.create
@sub.owen.create 7 месяцев назад
Really useful information, thank you
@abielsoto8243
@abielsoto8243 Год назад
Thanks
@kj109
@kj109 Год назад
Great Video
@contractorfighttv
@contractorfighttv Год назад
Glad you enjoyed it
@jim2mckenna220
@jim2mckenna220 Год назад
Peabody and Sherman! Wayback machine!
@josesonspaintingllc8881
@josesonspaintingllc8881 Год назад
Big fan can you talk about how to get into new construction? I work with home owners and it gets slow but i always see houses being built thank you !
@contractorfighttv
@contractorfighttv Год назад
Go talk to builders. That’s it. Show them how their biz will benefit from knowing you….
@briantaylor2096
@briantaylor2096 Месяц назад
Awesome info, but if its 384sq ft 2 coats at 100 sq ft an hr wouldnt it be a 8hr day? Obviously 2nd coat is always faster. Just making sure the paint thinner didnt fuck my math up.
@rodneypaglialong1038
@rodneypaglialong1038 Год назад
No way?! You’re speaking to me!
@contractorfighttv
@contractorfighttv Год назад
Glad to hear it Rodney!
@philhacker2405
@philhacker2405 Год назад
I have the MEANS to predict labor.
@JUSTinTx254
@JUSTinTx254 8 месяцев назад
I'm lookin for advice on bidding an exterior paint job, I think I'm goin to take your advice from another video and multiply my labor on this job by 3. Just to make sure I'm covered on this first job.
@contractorfighttv
@contractorfighttv 8 месяцев назад
👊🏻
@christmaslightinstallersnorthw
makes sense but my jobs are usually under an hour, do you account for commuting times or not?
@danieli708
@danieli708 Год назад
Commuting is costing you time (not free), fuel, insurance, wear/tear on vehicle. I always charge a minimum of 3hr + materials, even if on jobsite for 15mins. I tell the customer upfront so they know. Your knowledge/efficiency and access to tools is what they're paying for. Why should you only get paid for fixing a problem in 15mins?
@contractorfighttv
@contractorfighttv Год назад
Do a half day rate for each install.
@Sean-rl6bp
@Sean-rl6bp Год назад
Did you ever just tell your crews that you’ll pay them $x/sq. ft for the job? (e.g., If they should be doing 100 sq ft/ hour then give it to them for say $0.35/sq. ft) Then if they want to dog it it’s on them…I’m a drywall contractor and I try to flat rate everything I can so I don’t have to babysit hourly guys all day. Just wondering if you gave jobs out to your guys as piecework/flat rate and if not what was the rationale? 🤔
@freedombro6502
@freedombro6502 9 месяцев назад
🤷‍♂️
@MichaelBurquez
@MichaelBurquez 9 месяцев назад
4 hours for 2 coats? What about dry time?
@contractorfighttv
@contractorfighttv 9 месяцев назад
Multiple rooms man! Recoat is 2 hours...1 hour for Aura.
@ib4ecoaching
@ib4ecoaching Год назад
Instead of WAG, we always called it the OMB method or "out of my butt"
@contractorfighttv
@contractorfighttv Год назад
Ha! That works too
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