Painting Estimate Template and Examples | How to Bid A Paint Job | Painting Business Pro

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many paint contractors are concerned about estimate, and rightly indeed. You don ’ metric ton want to overcharge your customers and estimate the cost of the paint job besides high, but you besides don ’ thymine want to underestimate the problem and not make any money… or even worse, misplace money. In this article, we will focus on bid or estimating residential rouge jobs, including home and outside jobs. We ’ ll focus on estimating on an accurate and demand price to charge a customer – not an estimate price. We are not trying to get “ in the approximate range ”. The finish is accurate estimating procedure to provide customers an accurate price. For more information snap hera on how to start a painting business. For demand estimating convention, estimating standards, and estimating forms, click the associate below and we ’ ll send them to you. These estimating formulas have been used countrywide for over a ten by thousands of painters.
> > Click here to Download Our Exact Estimating Formulas < <

What’s In This Article

Click any of these links to go immediately to that section .

The Foundation to Estimating Paint Jobs – What You Need to Know

The Basics of Estimating
The purpose of estimating ( coming up with your price ) is not to win the job. That ’ s the job of your sales process, your repute, and the quality of study you deliver. The function of estimating is to come up with the compensate price. The correct price is a forecast motion. It depends on your variable costs on the job, your command processing overhead time, and your target profit margin. Your price should be competitive with the market, but besides at a point where you can make effective profit for the hard shape you do and excellent bring you deliver. Winning a bunch of jobs because you have the lowest price is not a great way to run a business. Working for scandal brassy is not the goal.
You need to focus on your sales process if you want to win more business. But lowering your price should not be a coarse practice you use to win business. To develop a competitive and clean estimate you have to :

  1. Determine your variable costs
  2. Determine your fixed costs
  3. Decide on how much profit you want to make in your business

Variable Costs
These are your labor costs and material costs for the caper. Labor is the total hours multiplied by the labor rate. corporeal costs include the paint and supplies you ’ ll use on the job. Fixed Costs
A smaller company will have identical little situate costs and a larger ship’s company will have more fix costs. These are costs like commercialize, function staff like estimators and project managers, guarantee, web site, an function, accounting, etc… Profit
Smaller companies should aim for no less than a 30 % net income allowance after variable costs. Larger companies should aim for no less than 50 % profit margin after variable costs. For example, if your variable costs ( parturiency + materials ) will be $ 1,000, a smaller ship’s company should add in at least $ 450 to your bid. This $ 450 covers your policy, guarantee, marketing costs, report, and your company net income. A larger company should bid that job for about $ 2,000 to cover their extra costs like market, estimators, project managers, office managers, software, hiring costs, and more… Plus their party profit. Bigger business, more costs. Bigger businesses can ( and need ) to deliver more measure to justify the higher prices. When to Raise Prices
We recommend aiming for at least 20 % final profit margins. That means after all expenses. As you add more employees and overhead, you keep improving your gross profit margins a little bite. That ’ s the profit after varying costs ( labor movement and materials ). For example, if you bring on a fresh employee and they are going to be a monetary value of 7 %, then you should raise your prices 8 %. As your company grows, you will start to have more costs that show up that you aren ’ deoxythymidine monophosphate planning for. So always keep raising prices a little more than you need. One of the biggest mistakes people make is under-pricing their jobs and working for besides little. You are a business owner, and you determine your pay. Improving your sales can help you win more commercial enterprise without sacrificing your price and profit. For now, focus on estimating right. then focus on improving your salesmanship. When You Screw Up
Will you mess up a couple times ? decidedly. More than a couple. I have messed up a bunch of painting estimates. But every time we mess up ( and we inactive do ), we learn from those mistakes and never make the same mistakes doubly. Screwing up and failing is how you learn. Be ready to make ceaseless tweaks and adjustments to your estimates.
There is no direction to be in occupation and not screw up. Learn to embrace those failures, and determine from them. If you do screw up your command, that ’ s ok. You have to price yourself fabulously low to actually lose money. so don ’ metric ton fret. Just learn .

How to Bid or Estimate Exterior Painting

You ’ ll indigence to consider 3 things to put in concert your exterior paint wish. # 1 – Total Hours for Prep Work # 2 – Total Hours for Application # 3 – Total Material cost Determine Total Labor Cost
Once you have determined your total hours, you ’ ll want to multiply that by a criterion labor movement rate to determine your total labor cost. Labor rate of $ 20/hour is a safe bet countrywide as a beneficial starting steer. Determine Total Material Cost
Multiply the total of gallons and the price per gallon to get sum material cost plus any sundries. Determine Total Labor + Material Cost
Add your material and labor cost to come up with your entire job cost. Determine Final Price
now you ’ ll add your company markup to cover your other costs ( command processing overhead time ) and add in your profit. This is based on the size of your caller and your own goals with your occupation. See the section above for our recommendations on your markup and profit margins based on the size of your company. Determining Prep & Application Hours
In rate to provide an accurate estimate, you ’ ll motivation detail standards for preparation and application time based on what you are painting and the condition the house is in. We recommend breaking the subcontract down into detail. not all surfaces are created peer, and not all trim are created equal. 2nd report spare takes longer. Stucco takes longer. wood windows take longer. Certain homework takes longer. We need to take all of those things into consideration to get a consistent price that ’ s best for all parties involved. > > Click here to Download the Full Estimating Guide Including Labor Standards for Prep Hours, Application Hours, and Materials < <

Exterior Painting Estimate Examples

Caution : It ’ randomness constantly important to actually do your measurements. These are merely provided here as a template and we strongly recommend using our detail calculate formulas provided in the link above.
The examples provided in this slideshow can vary based on the type of rouge used, number of coats, and the condition of the base. Consider these ballpark prices for a standard paint job. ( note : hover over each image for extra estimating details ) { “ Bottom bar ” : { “ textstyle ” : ” static ”, ” textpositionstatic ” : ” bottom ”, ” textautohide ” : true, ” textpositionmarginstatic ” :0, ” textpositiondynamic ” : ” bottomleft ”, ” textpositionmarginleft ” :24, ” textpositionmarginright ” :24, ” textpositionmargintop ” :24, ” textpositionmarginbottom ” :24, ” texteffect ” : ” slide ”, ” texteffecteasing ” : ” easeOutCubic ”, ” texteffectduration ” :600, ” texteffectslidedirection ” : ” left ”, ” texteffectslidedistance ” :30, ” texteffectdelay ” :500, ” texteffectseparate ” : false, ” texteffect1 ” : ” slide ”, ” texteffectslidedirection1 ” : ” right ”, ” texteffectslidedistance1 ” :120, ” texteffecteasing1 ” : ” easeOutCubic ”, ” texteffectduration1 ” :600, ” texteffectdelay1 ” :1000, ” texteffect2 ” : ” slide ”, ” texteffectslidedirection2 ” : ” right ”, ” texteffectslidedistance2 ” :120, ” texteffecteasing2 ” : ” easeOutCubic ”, ” texteffectduration2 ” :600, ” texteffectdelay2 ” :1500, ” textcss ” : ” display : jam ; padding:12px ; text-align : entrust ; ”, ” textbgcss ” : ” display : parry ; stead : absolute ; top:0px ; left:0px ; width:100 % ; height:100 % ; background-color : # 333333 ; opacity:0.6 ; filter : alpha ( opacity=60 ) ; ”, ” titlecss ” : ” display : barricade ; status : relative ; font : boldface 14px \ ” Lucida Sans Unicode\ ”, \ ” Lucida Grande\ ”, sans-serif, Arial ; color : # fff ; ”, ” descriptioncss ” : ” display : block ; stead : relative ; font:12px \ ” Lucida Sans Unicode\ ”, \ ” Lucida Grande\ ”, sans-serif, Arial ; color : # fff ; margin-top:8px ; ”, ” buttoncss ” : ” display : barricade ; position : relative ; margin-top:8px ; ”, ” texteffectresponsive ” : true, ” texteffectresponsivesize ” :640, ” titlecssresponsive ” : ” font-size:12px ; ”, ” descriptioncssresponsive ” : ” font-size:12px ; ”, ” buttoncssresponsive ” : ” ”, ” addgooglefonts ” : delusive, ” googlefonts ” : ” ”, ” textleftrightpercentforstatic ” :40 } }

  • Estimating Exterior Prices Example 1: $2800-$3200
  • Estimating Exterior Prices Example 2: $3400-$3800
  • Estimating Exterior Prices Example 3: $3600-$4000
  • Estimating Exterior Prices Example 1: $2800-$3200
  • Estimating Exterior Prices Example 2: $3400-$3800
  • Estimating Exterior Prices Example 3: $3600-$4000

How to Bid or Estimate Interior Painting

Estimating interior paint is much more difficult than estimating exterior painting. There are simply more factors that go into interior estimating. Most interior estimating formula will work most of the time. Almost all inner estimating convention break down in certain situations. There are a distribute more complexities and nuances to estimating interior. thus for this article, we ’ rhenium going to focus on the simplest direction to estimate an interior paint job. footprint # 1 : Break down the appraisal into individual rooms. If you ’ rhenium painting the independent floor of a house, you might have a kitchen, living room, dining room, hallway, toilet, and 2 bedrooms. Estimate each of those “ rooms ” listed individually then add them up for the sum price. The best means to do this is to draw a miniskirt diagram/floor plan on a blank piece of newspaper with each room listed on it. step # 2 : estimate each room, one at a time. appraisal a single room by going off of a individual base-price. then you ’ ll adjust the estimate. Our base price is a 10×12 bedroom with 8 foot ceilings and normal amount of trim. These prices included doing 2 coats and includes labor movement plus materials. This is the sum price a customer would pay .

  • Wall price: $350-$400
  • Trim price: $100-$125
  • Ceiling price: $100-$125
  • Total Price: $550-$650

immediately go bet on to each room on your floor design. If the room is bigger or has more shave, add a little bit more to this base price. If it ’ second smaller, take a little out. This is a simple means to get pretty close to a perfective price. Over time, keep learning from your mistakes and adjusting your price. Make bill of mistakes you made and learn from them. Continue to hone your trade of estimating interiors. Other Price Considerations

  • Doors: $50 per door
  • Closets: $50-$150 depending on the size of the closet. If it’s a large walk in closet, you can consider it a small room.
  • Shelving: $10-$25 per shelf depending on size
  • Prep: Based on the condition, add enough time for prep work. You or your painters should know how long the prep will take (ballpark) and add time accordingly. Adjust as you learn.
  • Moving Furniture: This completely depends on the amount of furniture in the room, and should be talked about with your homeowner. Add $50 per hour to the total price for moving furniture.
  • Removing Wall Decorations: We recommend always asking your homeowners to do this task.

Remember… This article is a very simple and basic way to estimate interior to get you started. > > Click here to Download Our Exact Estimating Formulas < <

Painting Estimate Template

Interior Painting Estimate Example

Caution : It ’ south constantly authoritative to actually do your measurements. These are lone provided here as a lead and we strongly recommend using our detail estimate formulas provided in the radio link below. simple-floor-plan-of-a-house-building-5c7405767aa4f Above, we show a bare base layout including measurements for three rooms : the office, the live room, and a dining room. Based on the estimate standards for 10×12 room with 8 foot ceilings, we came up with a total monetary value range of $ 2135- $ 2697 for painting the three rooms. here ’ s how that breaks down ( note, prices are rounded ) : Office:

  • 121.9 sq ft which is 1.5% larger than our standard 10×12 room.
    • So we adjust our base prices for walls, trim & ceiling by 1.5%
    • Walls: $355-$406
    • Trim: $102-$127
    • Ceiling: $102-$127
    • 1 Closet: $50-$150
    • 1 Door: $50

total : $ 659- $ 860 Dining Room:

  • 141.6 sq ft which is 17% larger than our standard 10×12 room.
    • So we adjust our base prices for walls, trim & ceiling by 17%
    • Walls: $410-$469
    • Trim: $135-$169
    • Ceiling: $135-$169
    • Closet: $50-$150

sum : $ 731- $ $ 957 Living Room:

  • 162 sq ft which is 35% larger than our standard 10×12 room
    • So we adjust our base prices for walls, trim & ceilings by 35%
    • Walls: $474-$541
    • Trim: $135-$170
    • Ceiling: $135-$170

sum : $ 745- $ 880

The Problem With Bidding Interior and Exterior Paint Jobs by Square Foot

Warning: Estimating by hearty foot is the most common means that most painting contractors talk about estimating key jobs. It ’ s banal in this industry and it ’ s a boastful mistake. here ’ randomness why… sometimes contractors will talk about square footage about deck space and other times it will be about wall space. In either case, there are problems with this approach. Imagine you have 2 homes that are both 2500 square feet. One home has a distribute more contingent than the other home. In both cases they might use about the lapp come of materials and paint. But the labor cost is based on homework work, spraying or rolling, and trim.
Prep workplace and trim can change the price dramatically. The two houses, based on the come of homework work and detail oeuvre, can be significantly different prices. But if you are bidding by square foot, you can get yourself in worry when you don ’ t take into report extra detail houses. Or you might be pricing excessively high on elementary jobs with very little detail. price by square infantry is over-simplifying calculate and leads to problems. This is why, at Painting Business Pro, we don ’ thyroxine recommend estimate by square infantry .

Summary

calculate is a skill, not an art. Getting it accurate is best for the contractor and the customer. This article is an introduction to estimating like a professional. But it ’ s not the whole floor.

That ’ sulfur why we have provided this free guide on estimating. We ’ ll air you all of the standards for estimating homework clock, application time, coming up with material costs, adding in your profit and coming a price you can be confident in. Click the link below and we ’ ll send it right over. > > Get Painting Estimating Formulas here < <

reference : https://www.peterswar.net
Category : Finance

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