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benefits only run about 30%. So a contractor wage should be about 130% of a salaried employees wage. This does not count when a salaried employee works more th
by achenatx 7y ago
benefits only run about 30%. So a contractor wage should be about 130% of a salaried employees wage.
This does not count when a salaried employee works more than 40 hours.
My plumber charges 150/hour.
Contractors around here bill by the job. I had bids for $5000 for a 1 day job for 2 people when incorporated into a GC bid. The GC was getting 25% on top of the 5000.
- oogali 7y agoI’m sure I’ve missed a few things, but 30% doesn’t begin to cover the costs that are normally borne by a larger company and factor into the “house” premium. You have to factor in not only benefits, but also: * federal-level taxes (there’s no employer to pay the other half, so the contractor bears the whole portion) * tools (you buy your own tools, stock your own spares, do your own maintenance on your dime — non-billable) * learning and mandated certifications (same as above — non-billable) * liability insurance (non-billable) * vehicle maintenance, taxes, tolls, and fees (non-billable) * transit time to and from not only contracted job sites, but also estimates that may ultimately result in no revenue (non-billable) * marketing/lead generation (Angie’s List and HomeAdvisor are free to you, not to contractors — non-billable) * material storage (you have the keep the customer’s plywood dry if the weather changes, or if the customer has a family emergency and needs to reschedule)