Owning your own home

Are you drunk?

I told you above what my price was.

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People not wanting to divulge personal info to an unpleasant stranger online means they must be a rip-off merchant? Not sure I follow.

Either way, gr8 b8 m8, I r8 8/8.👌👌💪💪👌😆👍👍🙃👍

Its true we are all dishonest tradesmen, dick turpins.

Everyone should post their postcode, mum’s maiden name and last 3 numbers on the back of their debit cards and be done with it.

Don’t forget a video of them saluting a picture of the queen while singing the national anthem.

I turn up, spit in their face, take a shit in the fuse board and charge a billion pounds an hour because I am a BASTARD and a RASCAL and I WILL NOT BE STOPPED.

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Or just shag. The sexual tension is palpable in here tonight.

I thought you’d never ask…

The hourly rate is irrelevant.
Slow £50 may equal quick £100. You still receive the same outcome.
Is it just an hour, a day or multiple days.

You seem to begrudge the £500 plumber, but only he had the certs to validate your work. Certs which will have cost his time and money onto of experience. He probably doesn't have every day booked up.

@princeperch what's your day rate?

Came for the home-owning chat, stayed for the day-rate beef.

Get your day rate out for the lads, FOR THE LADS!

Pretty sure I have managed to secure a 5year fixed at 3.something, after mortgage valuation went well last week. Works still on going and it's been valued at 30% more than I paid for it last year. Such a huge relief, I felt like myself again for first time in two years.

Well this has been absolutely end to end stuff

I am so confused by everything.

Surely builder/etc. get trade discount (I know places like Leyland do them), allowing builders to charge retail price, like bike shop charge retail on components when they brought it on trade?

But according to the callers on the phone this is dishonesty and he’s not Fuckin paying retail price for you to pick up the phone and order it.

Insane logic

I don't think that's what's being suggested (and if it is I got the wrong end of the stick before). I think the idea is that you add a mark-up to the retail price to account for off-site labour hours not otherwise billed.

😂

That’s exactly what was being suggested.

Business acquires materials, combines them with labour, total cost of job is labour plus materials plus a premium on those materials.

That quite comfortably describes both a bike shop and the operation of a tradesperson we’re talking about.

Amusingly, it’s also fairly accepted practice with bike shops that if you provide the materials yourself the labour actually costs extra!

Fair enough - I take back my prior comment!

Business acquires materials, combines them with labour, total cost of job is labour plus materials plus a premium on those materials. That quite comfortably describes both a bike shop and the operation of a tradesperson we’re talking about.

The key difference is that with most building jobs you have variations during the period that the service is being provided.

If everything is known upfront and a fixed price is agreed, it makes not a jot of difference how the cost is broken down into labour and materials. The hard bit comes when you are pricing changes - that's where you might get a bit miffed if you found that there was "hidden profit" in what you thought was a straight recharge for materials.

I'm coming at this from the perspective of working in a highly regulated industry. If I ring up a counterparty and say "do you want this bond, I paid £100 for it", and in fact I paid £95, then I could get absolutely reamed by my regulator.

FWIW I have always thought it would be more transparent to just charge a higher labour rate and materials at cost, but I guess anyone who did would look uncompetitive and lose work.

But day rates are no clearer. Some people are fast and some are slow. Some spend longer looking at internet fiksie forums than actually working.

It’s all a bit of a stressful business compared to buying a fixed price thing from a shop but it’s not a fixed price thing from a shop.

In my industry (photography) it is standard practice to charge a production fee/mark up on things purchased for the shoot, hired etc. But it is clearly outlined in the budget as such.

I wouldn’t dream of charging a client more than they would pay themselves for something like kit rental but if I have negotiated a discount with my supplier, I choose whether I pass that on to the client or not.

The production fee is to cover the time spent booking, waiting for deliveries, returns, changes to kit lists etc. I’m happy for a client to do it themselves if the budget is tight, but it’s always extra work for me in the end.

Key thing for me is that it is listed as a line item not hidden away.

That said, I know who I’ve been siding with for the last three pages of ‘debate’.