cab fare rates / formula

[Pixelpeep]

anyone know of a formula for calculating how much to charge for giving someone a lift? I have a mate who has a PCO licence but doesn't want to pay rent to a firm. He has plenty of people that call him up for airport runs etc but he wants to branch out to supermarket runs and stuff

so, is there a formula where you enter the average mpg of the car then work out the fuel for the distance and times by xxx ?

What is the norm for wait times and minimum fare?

is it simpler than that, or a minefield ?

Thank you in advance

[mattdaniels]

What are the competition charging?

[Pixelpeep]

mattdaniels said:

What are the competition charging?

That's fine for preset runs like standsted etc but he needs something so he can work out a bespoke journey on the fly

[Rushjob]

Try www.yourtaximeter.com it calculates journey cost and also give tariff breakdowns for most local authority areas.

[mattdaniels]

Pixelpeep said:

mattdaniels said:

What are the competition charging?

That's fine for preset runs like standsted etc but he needs something so he can work out a bespoke journey on the fly

Not really, its the same question regardless of whether its a preset run or not. What are the competition charging? There's not point coming up with a formula for adhoc journeys if the figures are uncompetitive. Finding out what the other local taxi companies charge is a good starting point IMO.

[ChasW]

In my area the charges for popular journeys (ie Heathrow, Gatwick, West End) appear to be driven by competition and are within 5% variance of each other. If you can get a contract with one of the big employers ferrying execs back and forth on airport runs then it may be more lucrative.

[spikeyhead]

ChasW said:

In my area the charges for popular journeys (ie Heathrow, Gatwick, West End) appear to be driven by competition and are within 5% variance of each other. If you can get a contract with one of the big employers ferrying execs back and forth on airport runs then it may be more lucrative.provided that you don't mind waiting months to be paid by the big corperation

EFA

[LingSim]

First thing he will need is an operators license, otherwise it is illegal to take bookings.

[Dilligaf10]

Check your local licencing authorities taxi department. They should be able to let you have a copy of the local taxi tariff chart and you can work out charges accordingly.

Make sure you have an Operators Licence