Estimating or bidding house painting jobs is something that
grows on you over time. I can go into any house and go from
room to room and tell you by eye exactly how much paint you
will need to do the ceilings, walls and woodwork.
I can even tell you just about how long it will take to
paint each room in general. But estimating many times goes
a lot deeper than just eyeballing a few simple rooms. So
here are 6 points to help you when figuring your bids or
estimates.
1.) Know Your Target Market
When getting prepared to do a painting estimate you first
need to know your target market or markets. Are you going
to be painting in middle-class neighborhoods or are you
going for the high-end glitzy neighborhoods? Or are you
going after commercial or industrial accounts?
Now you can you gauge how high you are going to set your
bid rates. You can have have high-end rates for larger
homes, or for commercial or industrial painting, and mid
prices for the rest.
Personally, when it comes to painting for residential
customers, I keep my rates the same. I do not care if it's
high-end or middle class. If they cannot afford my painting
services, I am out of there. Once you have painted at a
higher price, it's hard to go lower unless of course, you
are hard up.
If you are estimating painting jobs for big business you
can and should aim competitively high without worrying
about much competition as you would in residential
painting. Plus larger commercial customers have deep
pockets. Also to consider, if you are tackling those types
of accounts you will need extra painters anyways so you
definitely need to aim high in your bidding to cover their
wages and benefits.
2.) Fool-Proof System
You need an accurate estimating method that works perfectly
every time without fail. Whether inside or outside. You can
stand and stare at a project all day and try to guesstimate
exactly how long it will take you to paint something or you
can use an accurate method for bidding paint jobs and walk
away smiling and not wondering if you might bite the bullet
on that one.
3.) Allowances
You need to allow for fuel, travel time and even giving
Uncle Sam his cut. If your going to be driving long miles
you definitely want to account for fuel and travel time,
even overnight expenses if you get that radical in your
painting business. Again, if you have employees you will
need to account for their wages and benefits in your bids
also.
4.) Hidden Expenses
You need to be aware of hidden expenses or projects that
add extra time and extra materials to a job. Things like
hard to cover colors, excessive prep time, high-work, down
time due to outside sources that are common in new
construction, etc.
5.) Cost of Materials
You need to know how much paint and materials you will be
using. (Note: A good estimating system will automatically
include all your paints and materials.)
6.) Flexible Methods
Your estimating system should have several ways of figuring
your bids. Just like a set of golf clubs, some times you
need a different driver to make it on to the next green.
Different jobs require different painting estimating
techniques.
For example: painting ceilings, walls and woodwork
estimating can change if you have excessive woodwork like
walk-in closets with tons of shelving. Or rooms with high
walls.
The same goes for exterior work in residential painting.
Are the surfaces smooth and clean or is there stucco or
shingles that require extra time and materials? When you
have an easy system in place you can build up an estimate
to meet the type of project you are facing.
Many times on larger estimates, I will cross-check my
painting bid from different angles by using two different
estimating techniques just to make sure I have it all
together and did not leave anything out of the big picture.
----------------------------------------------------
Lee Cusano has owned and operated his own successful
painting business for over 16 years. He has also helped
many others to start their own painting business with his
Paint Like a Pro Estimating and Advertising CD-ROM.
Lee also offers a free report titled "How To Gain a High
Success Rate For Getting Painting Jobs". To get it go to
http://www.painting-business.com