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Implementing Job-Based Pricing

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1:23
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At 0:21 in

As a Tradesman is it Better to Price by the Job, or Work Hourly? Master Electrician Advice, Thoughts

What happens here

The father advises his son to inform customers that their business operates on a job-based pricing model, not an hourly rate. He instructs the son to ask the customer to clearly define the 'scope of work' they require. With their accumulated experience, tradesmen can then accurately determine how long the job will take, what materials will be necessary, and what tools will be involved. This comprehensive assessment allows them to provide a transparent and fair price for the entire project, rather than an arbitrary hourly charge.

Goal: Develop and communicate job-specific pricing based on project scope, materials, and labor.

What they say

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142 [music] cable. >> Yeah. >> So, you really have to say, "Well, ma'am, we really don't work by the hourly [music] rate. We work by the job. Show me the scope of work that you want." >> Okay. And with our experience, [music] we can determine how long it's going to take, what material we can use, and [music] what's the tools involved. And based on that, we will give you a price for that job. But I can tell you this, what? You hire us and we'll [music] get it done. And actually, I'm going to look into camera and I'm going to tell you

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