If you decide to subcontract a job, you need to calculate different aspects separately, especially if you use several subcontractors. You need a subcontractor if tasks outside your business’s scope, such as plumbing, roofing, or removing drywall, are necessary to complete a job. If you use subcontractors, the process is a little simpler. If you have employees, you have to factor the labor burden costs (taxes, benefits, insurance) for each employee into the total labor cost for the job. Based on our observations, cost per job will be easier to add to your HVAC estimating spreadsheet but doesn’t leave a lot of room for unexpected costs. Through our practical knowledge, the cost of labor largely depends on how much you pay your employees, subcontractors, or yourself.įor HVAC services, you can price labor as either an hourly rate or the cost per job. Now labor costs can be less complicated to calculate but still a challenge to determine. Once you clearly understand what you need for the job, make a list of all the materials and their associated costs. Materials that you may need to complete HVAC services include:
Materials will most likely be in the form of replacement units and parts. Labor and materialsĭrawing from our experience, the majority of your estimate spreadsheet will be used to cover your labor and material costs.Īnd based on our observations, the type of material you use and the quantity will depend on surrounding factors, such as the location of the current HVAC system and the quality of the electrical work. Let’s take a closer look at the costs that you need to include in your HVAC estimating spreadsheet. However, like most contractor jobs, these categories can be broken down further.ĭepending on the job, you may even sometimes need to consider other miscellaneous costs, such as storage and waste removal. This is why many homeowners prefer going with the services of an HVAC company or construction contractors who have HVAC as part of their offerings.Īs per our expertise, whether you’re dealing with HVAC installation estimate of a new build or being contracted for HVAC replacement and repair, creating accurate estimates is the best way to drive profit for your business.Īs an HVAC professional, you have to consider four main costs in your estimate:Īt a glance, this seems simple enough. There’s so much to consider when pricing your HVAC services. HVAC estimating spreadsheet: What to include
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