I think most of the quotes I have received over the years for various jobs have used a formula similar to this:
- Meet the owner and evaluate his style (blue collar / white collar / business owner / smart / dumb / PITA)
- Drive around the neighborhood and check out the houses and cars (moderate / upscale / pricey)
- How much work do you currently have in the book (not enough / some / lots)
- Apply the formula as follows: materials x owner x neighborhood x book
So a typical contract might be this: Materials = $1000 x Owner (PITA=4) x N'bhood (pricey = 3) x Book (some = .5) or $1000 x 4 x 3 x 1/2 = $6000.
I could be off on the factors employed, but it seems to fit the pattern for quite a few of the contractors I have worked with. Have a good laugh on me ...
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