Trades daily rates
Discussion
LuckyThirteen said:
I think thought needs to go into running costs of vehicle plus the required liability insurance.
Easily £2500-3000 there.
Also that there's no holiday pay, or sick pay. Or any pay over Christmas.
Those equating a daily rate to an annual salary need to re-do the maths.
No different to someone having to own a car to get to work each day. And that 50k includes 6 weeks off per year.Easily £2500-3000 there.
Also that there's no holiday pay, or sick pay. Or any pay over Christmas.
Those equating a daily rate to an annual salary need to re-do the maths.
LuckyThirteen said:
I think thought needs to go into running costs of vehicle plus the required liability insurance.
Easily £2500-3000 there.
Also that there's no holiday pay, or sick pay. Or any pay over Christmas.
Those equating a daily rate to an annual salary need to re-do the maths.
Running costs of a vehicle are easily covered with the much higher rate of pay. Public liability insurance is dirt cheap. I was paying around £120 a year for it. Easily £2500-3000 there.
Also that there's no holiday pay, or sick pay. Or any pay over Christmas.
Those equating a daily rate to an annual salary need to re-do the maths.
Holiday pay in the building trade is always the legal minimum, so if paye is about £50 a week.
Sick pay is always statuary sick pay (every company I have worked for since my apprenticeship)so really a waste of time..
LuckyThirteen said:
I think thought needs to go into running costs of vehicle plus the required liability insurance.
Easily £2500-3000 there.
Also that there's no holiday pay, or sick pay. Or any pay over Christmas.
Those equating a daily rate to an annual salary need to re-do the maths.
For a full time contracting like I do in IT, the rule of thumb assumption is around 220 working days a year, but that's IF you're working 5 days a week every week other than bank holidays and a few weeks holiday per year. I wouldn't be surprised if most trades struggled to average more than 4 days a week actually billing for their time once you factor in job cancellations/delays, time doing quotes/sourcing materials, sickness/injury and down days between jobs etc. Easily £2500-3000 there.
Also that there's no holiday pay, or sick pay. Or any pay over Christmas.
Those equating a daily rate to an annual salary need to re-do the maths.
A 180 working day tradesperson at £300/day is just over £50k annual so decent but hardly earth shattering especially when you consider they have to supply their own tools and insurance etc as mentioned above plus they're physical jobs that often take their toll on the body.
Awful lot of what is coming across like bitter jealousy towards trades earnings.
I don't get it.
At 300/day, factoring in one days cancellation at late notice per three weeks..
Then potential 2 weeks no work over Christmas. Then allow for 2 or 3 sick days in a year (public won't thank you for turning up into their house with flue or a cold)...
Then a week holiday with the family.
Then take off another week for bank holidays that you're not working (let's assume he does three).
That's four to five weeks not worked. So 47.5 available.
That's circa £66k
Take off vehicle running costs. Insurance, the cost of tools and that's probably down to £60k
And that's this guy working solidly. I've not been generous above. It's more than possible there'll be far more days wasted. Jobs run over, mistakes happen.
Moreover the premium needs to be there for the added risk of downturns leaving the diary empty.
Ultimately, if you don't want to pay a trade then do it yourself.
The other angle on this is that for thirty odd years parents told their kids getting into trades was crappy. The social stigma in the 80's/90's and noughties around being ' a tradesperson' has resulted in a shortage now.
Where there's shortages, prices rise.
I don't get it.
At 300/day, factoring in one days cancellation at late notice per three weeks..
Then potential 2 weeks no work over Christmas. Then allow for 2 or 3 sick days in a year (public won't thank you for turning up into their house with flue or a cold)...
Then a week holiday with the family.
Then take off another week for bank holidays that you're not working (let's assume he does three).
That's four to five weeks not worked. So 47.5 available.
That's circa £66k
Take off vehicle running costs. Insurance, the cost of tools and that's probably down to £60k
And that's this guy working solidly. I've not been generous above. It's more than possible there'll be far more days wasted. Jobs run over, mistakes happen.
Moreover the premium needs to be there for the added risk of downturns leaving the diary empty.
Ultimately, if you don't want to pay a trade then do it yourself.
The other angle on this is that for thirty odd years parents told their kids getting into trades was crappy. The social stigma in the 80's/90's and noughties around being ' a tradesperson' has resulted in a shortage now.
Where there's shortages, prices rise.
robinh73 said:
A trade that always seems to suffer is tree surgery. For some reason it is always regarded as of lesser value than a plumber or electrician. I am biased as I run my own tree surgery business though.
The problem with tree surgery is non tree surgeons devaluing the profession. Anyone can turn up with a chainsaw and van as a ‘tree surgeon’. BlindedByTheLights said:
robinh73 said:
A trade that always seems to suffer is tree surgery. For some reason it is always regarded as of lesser value than a plumber or electrician. I am biased as I run my own tree surgery business though.
The problem with tree surgery is non tree surgeons devaluing the profession. Anyone can turn up with a chainsaw and van as a ‘tree surgeon’. A mate of mine earns upwards of £150k a year for a management role. Ok he works long hours but it really isn't that stressful nor carrying high levels of responsibility (ie if he carks it then the world will still keep turning).
He was complaining the other day about an electrician wanting to charge him approx £400 to £500 for fixing their unknown lighting issue in their house (south east), which has meant they have not had downstairs lights for the best part of 3 weeks.
He hasn't the slightest clue how to fix his lights. It boils my piss that he cannot value what trades do.
I'd wager that the electrician could probably wing his way through his management job to an acceptable level....
He was complaining the other day about an electrician wanting to charge him approx £400 to £500 for fixing their unknown lighting issue in their house (south east), which has meant they have not had downstairs lights for the best part of 3 weeks.
He hasn't the slightest clue how to fix his lights. It boils my piss that he cannot value what trades do.
I'd wager that the electrician could probably wing his way through his management job to an acceptable level....
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