Thanks for sharing! Really nice set up. Just got a quick question about your costing spreadsheet. How did you get hold of all the prices and how do you keep them all up to date with all the price increases, especially with the timber.
Hey mate. My sheet has changed quite a bit from this video, however your question is still relevant. Ask your local suppliers for their price list. Tell them you want to use them exclusively. Most will be happy to share. If not, just use your general hardware, ie; Bunnings, Lowes etc depending where you live. They are usually more expensive so you will be covering yourself. As for updating it, I looked into automating it, however it was going to cost more than I was willing to spend. You might have to set aside a few hours once every few months to check you're covered.
Love the videos not very tech savvy just wondering if you could do a video on how to create the speed sheet so it all adds up for you like yours cheers keep up the great work
Hey Rechelle. It's a very old sheet that I no longer use. From memory it was for 3 people. Labour charge out rates are usually around the $70 an hour mark currently in my region.
Multiple reasons! Firstly, think about when you buy something from a store. They purchase it, mark it up, then you buy at whatever price they list. Why shouldn't you do the same thing? You are also a business. You take time out of your day to call, organise with suppliers, send emails etc. You should be compensated for this. You also take considerable risk, often purchasing on a credit account, you have to deal with non paying or slow paying clients which can result in you be charged interest if not paid on time! I could probably go on but you get the idea! Think of yourself as a business.
This video is pretty old. I should really do a new one. I usually bake my overheads into my hourly rate; ie overheads divided by hours working per year then add my profit margin on top.
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Here from part 1. These videos have been a ton of help! Very detailed and straight to the point. Thanks so much!
Happy to hear they were helpful!
Nice one, thank you for sharing knowledge mate, I found it really helpful
Happy it helped man! :)
This is great mate ! ❤
can you make the spread sheet public?
great video!!
How did you pick that template or builder to calculate what the total inn meter is?
What sheet did you pick on the Google sheets as your template?
Love your work!
Cheers
Kane
Ekodeck NSW
Thanks Kane 🤟🙏
Thanks for sharing! Really nice set up. Just got a quick question about your costing spreadsheet. How did you get hold of all the prices and how do you keep them all up to date with all the price increases, especially with the timber.
Hey mate. My sheet has changed quite a bit from this video, however your question is still relevant.
Ask your local suppliers for their price list. Tell them you want to use them exclusively. Most will be happy to share.
If not, just use your general hardware, ie; Bunnings, Lowes etc depending where you live. They are usually more expensive so you will be covering yourself.
As for updating it, I looked into automating it, however it was going to cost more than I was willing to spend. You might have to set aside a few hours once every few months to check you're covered.
Love the videos not very tech savvy just wondering if you could do a video on how to create the speed sheet so it all adds up for you like yours cheers keep up the great work
Hey Craig. Yeah I should do that. You could also find a tonne of other videos on TH-cam explaining it too if you need it asap.
@viking.designs ill have a look going out on my own in June so just trying to sort everything out
Hey, may I know if your labour price shown in your google sheet a price for just one person? Or it's a work for 2 or more people? Thanks!
Hey Rechelle. It's a very old sheet that I no longer use. From memory it was for 3 people. Labour charge out rates are usually around the $70 an hour mark currently in my region.
@@viking.designs Thank you for your response :)
@@viking.designs Thank you for your response :)
Why the material markup?
Multiple reasons!
Firstly, think about when you buy something from a store. They purchase it, mark it up, then you buy at whatever price they list. Why shouldn't you do the same thing? You are also a business.
You take time out of your day to call, organise with suppliers, send emails etc. You should be compensated for this.
You also take considerable risk, often purchasing on a credit account, you have to deal with non paying or slow paying clients which can result in you be charged interest if not paid on time!
I could probably go on but you get the idea! Think of yourself as a business.
Oh man, that's very old school, the margin for error and time it is taking you is costing you a bom.
Hey Andrew. It’s a very old video. Figured I’d leave it up to show an example for guys new to the trade or DIYers.
Wheres overheads and profit
This video is pretty old. I should really do a new one.
I usually bake my overheads into my hourly rate; ie overheads divided by hours working per year then add my profit margin on top.