Plumbing Estimate Cost Calculator Guide
A plumbing job from a licensed plumber has the notorious reputation for being expensive. Hourly rates for plumbers tend to be higher, solely based on the difficulty of the job. Plumbing is an involved process, and can often hit roadblocks if anything about the job is forgotten. That being said, plumbing estimates are incredibly important. They’re an effective tool for telling a potential customer the potential costs of a job.
Keep reading to understand how to create effective plumbing estimates, and what needs to be taken into consideration!
Here’s What We’ll Cover:
Plumbing is an Essential Part of All Buildings
Before we get started, it’s important to understand the urgency behind plumbing estimates. For most buildings to be habitable or usable, working plumbing is required. Often, you’ll find that your clients need their estimates ASAP. That’s because time is money, and the sooner that they can open their business or sell their home, the sooner they make money.
As such, average costs for plumbing are more expensive. Even common plumbing jobs command a higher price than other services. This means that an accurate cost estimate is even more important. Even when it comes to everyday plumbing jobs, estimates need to be quick and accurate.
Estimates for Small Jobs
Using a home plumbing job as an example, small plumbing jobs can cost anywhere from $125 to $350. Some small jobs are as follows:
- Leak repair (leaky faucet, leaky pipes, etc.)
- Repairing water heaters
- Snaking clogged drains
- Minimal sewer line cleaning
- Toilet repair
These are all considered small jobs. However, careful evaluations for these jobs are required to make sure that they are in fact small. Plumbing is an involved part of buildings, and what seems like a small job may be a symptom of a larger problem.
Estimates for Large Jobs
When using home plumbing as an example, larger jobs tend to cost anywhere from $500 to $800. These are more involved jobs, and often require replacing items. Some large jobs are as follows:
- Toilet installation
- Repairing pipe bursts
- Slab leak repairs
- Sump pump repair cost or sump pump installation
- Septic tank repair
All of these jobs have far more involved processes. They’re often related to other problems, as well. These large jobs can have large ranges, depending on the severity of the damage. They also tend to cause damage to other parts of a home or building. This creates compounding costs. While the plumbing may be the most expensive part of the repair, it still requires the most accurate estimate possible. That’s how customers are kept happy. No one wants to pay more than what their estimate was.
Steps to Creating a Plumbing Estimate
Use the following steps to create and calculate plumbing costs for your clients.
Step 1: Determine Your Hourly Base Rate
Understanding how much you will charge for your hourly rate is the first step to starting a plumbing estimate. Know your worth and set your rate accordingly. Part of this is knowing your overhead and desired profit margin. Once you know these figures and set your hourly rate, you can begin writing estimates.
Step 2: Bid for Jobs
To put together bids for jobs, you’ll need to gather costs associated with the jobs themselves. This typically includes the following:
- Material costs including taxes
- Permit costs
- Extraordinary expenses (temporary toilets, hand washing stations, etc.)
Put all of this information together and keep it handy.
Step 3: Estimate Labor Hours
When looking at jobs, it’s important to know how many labor hours it will take to complete a job. Estimate this to the best of your ability. Most clients will want you to stay under your estimated billable hours so that they’re spending less money overall.
Step 4: Calculate Your Total Estimate
Add the figures that you came up with in steps 2 and 3. This will be the total cost of your estimate. This is the amount that you’ll give your potential customer, along with the details outlining the costs.
These steps are simplified. Depending on the sale of the job, you may need to bring in subcontractors or use special equipment. On much larger jobs, the estimation process can take a much longer time. Luckily, there is estimating softwares available to help speed up the process.
Creating plumbing estimates comes down to two main points. First, you need to have an understanding of what different jobs require. Then, you need to be able to research the job and provide detailed estimates on materials and labor hours. If you can do both of these things, you can create accurate estimates that will keep your customers happy.
If you need more information about estimates, visit our resource hub. We have plenty of information on estimates for all industries.