Price Check please on composite sign boards

[Martin Pearson]

Mo can’t comment on pricing but did you lose it to a like for like quote? 40 composite boards printed direct to substrate would remove a lot of the work involved.
Lot’s of other companies can probably work 24/7 as well so unless you actually know who you lost the job to it could be difficult to say you should have nailed it.
Course it could always be someone who is quiet & is buying work just to give themselves something to do & your never going to be able to compete with that sort of thing.

[Mo Gillis-Coates]

Thanks Martin, but just trying to see if I was in the ballpark or not..

Lots of things have changed here, including how I price, we are using signvox now and its pretty good.

I’m not molting my prices to get work and it’s working., I’m not really bothered that I didnt get it as we have plenty of work. Ive got used to not giving up my profit just to get a job, it’s counter productive..

I just trying to find out if I calculated wrong anywhere

[Martin Pearson]

That’s why I asked if it was a like for like quote Mo, might be that your price was spot on & you were just beaten by another manufacturing process.

I can understand the desire to find out if your price for what you quoted was reasonable so was it a like for like quote?

[Mo Gillis-Coates]

Not sure yet Martin, but it was £900 cheaper than mine!

[John Thomson]

For me this would be a large order

Small boards are 0.3sqm….I would be around £40.00 each

The large ones just under 2sqm…I would be around £195.00

John

[Mo Gillis-Coates]

So your talking £4500 plus vat john?

[David Hammond]

I’d worked out around £165+VAT for the larger ones and £38+VAT on the smaller.

But then again the larger ones require drilling/eyelets probably a little cheap. £4060+VAT minimum.

[Mo Gillis-Coates]

well, here you go….

My quote for the whole job was £2300 plus VAT, the other quote was almost half?

And i’m half of you guys!

Never will figure this game out lol

[David Hammond]

😮 Tell me your secret Mo!

At the very least £1200 just for the composite for the larger boards, without print and laminate. – I do suspect you’re getting a much better price than we do due to your volume.

[Mo Gillis-Coates]

I think you might be a bit out there Dave, the total composite cost is only £575 cut to size. I think you need to change your supplier!

Mo

[David Hammond]

I might very well be looking at our ‘public’ price list (ie already marked up) rather than our suppliers list. 😳

Thank christ we have clarity being set up on Monday – Cannot wait!

[Mo Gillis-Coates]

I looked at Clarity…. and Signvox, we chose SV because it was more industry specific.. gotta say, it’s awesome.. I tested several quotes on its pre loaded prices and it was identical to mine..

Bets bit is, it automatically updates my Facebook and twitter alerts, online proofing, customer feedback surveys and more… all for £80 a month, well chuffed

[John Harding]

Mo Im close to the others for reference

BTW what or how do you reinforce composite panel with eyelets? ive not seen that before

John

[Mo Gillis-Coates]

Nor me John… but they want eyelets in so the can be attached to a fence… So I would probably just drill holes and use plastic eyelets….

I have to admit… 4k seems quite steep for the job…..

That would give a gross of around £3200 on the job for a couple of days work? Are you guys outsourcing your print?

Mo

[John Harding]

quote :

That would give a gross of around £3200 on the job

No Can of worms there Mo lots of threads to read 😥

If your composite is £575 what about your print cost vinyl ink staff cost or your own wage for manufacture proportion for overheads heat light phone rent rates – dont get me started 😀 😀 😀

I only outsource print larger than my versacaam but the rate is still the same BTW

John

[Mo Gillis-Coates]

Hi John,
£3200 was a gross fig, so materials only…. So essentially the £3200 covers labour/workshop/print costs & print time…

Sorry, I always use my Gross fig as the amount left after material requisition.

So if I take out my labour costs, time, print etc then I would be left with a Net profit at those figs of…. £2150 ish

Mo

[John Harding]

and never be ashamed of making a profit Mo 😀 I wish you well mate let the idiots chase the scraps 😮

[Mo Gillis-Coates]

quote John Harding:

and never be ashamed of making a profit Mo 😀 I wish you well mate let the idiots chase the scraps 😮

Lol definitely not ashamed of making a profit John….. BUT…. I base my prices on my overheads, fixed costs etc, and work it out to a daily rate with a profit margin…. I set my margin so that I can live, pay the bills and leave a decent amount in the bank for expansion etc…

The net profit at that price would cover me for a month lol and its only 2 days work at most!…. still I didnt get it at half that, which would have given me a decent net profit relative to the size of my business… so at double…. I would be laughed out of the ballpark…

Thats not to say I wouldnt charge £145 plus for one 1500×1300 sign because I think thats reasonable for one!

…. Thanks everyone for your input, it always gives me more food for thought and better ideas going forward!

BigMo

[Lorraine Clinch]

Mo, working on your pricing, that gives you a profit on the whole job of £675, is this correct?
The co that you lost out to must be not paying themselves in that case, so ‘busy fools’, or cheaper materials. Hoarding panel may well do the job, especially if covered with vinyl print, and would bring costs down a fair way.

Lorraine

[Mo Gillis-Coates]

quote Lorraine Clinch:

Mo, working on your pricing, that gives you a profit on the whole job of £675, is this correct?
The co that you lost out to must be not paying themselves in that case, so ‘busy fools’, or cheaper materials. Hoarding panel may well do the job, especially if covered with vinyl print, and would bring costs down a fair way.

Lorraine

Aye Lorraine, I’m definitely having a scratchy head moment… But I’m not coming down on that. I’m pretty busy and booked for the next 6 weeks, however as I’m a lucky chap and live literally next door to my unit and have 24/7 access, I can work late and weekend with short notice jobs like these to pop some additional funds in the pot for xmas…. BUT, if I’m going to be away from my kids for a couple of days working, I need to make it worth their while. And Id have to miss a fishing day……. so definitely not doing cheep cheep..

We have three types of work we do..

Fast-Cheap_Good…..

I only allow customers to pick one!

Nice to hear from you again L… cutter doing ok? I’m still using the Xcaliber but also bought a 3m bench cutter too!… halves production times for a small cost 😉

Was up your way a month or so ago fishing….. would have called in, but so many fish, too little time.. lol

[Lorraine Clinch]

Hi Mo, I was pointing out that the profit possibly could be bigger, not smaller! No point working for nothing, but you could have charged a lot more.

Steeltrack is fine, still haven’t tried the V-groove attachment though, so many signs, so little time, lol! :lol1:

Lorraine

[Mo Gillis-Coates]

quote Lorraine Clinch:

Hi Mo, I was pointing out that the profit possibly could be bigger, not smaller! No point working for nothing, but you could have charged a lot more.

Steeltrack is fine, still haven’t tried the V-groove attachment though, so many signs, so little time, lol! :lol1:

Lorraine

But thats a net profit AFTER production….. So Ive paid everyone, everything and myself… and I’m left with £700 extra…. Thats not bad for 2 days work??? or am I missing something?

If I did that on every job I would have over £60k at the end of each year to pay tax on?…. Or would you guys book this as one weeks work (sole trader with no staff)?

[Warren Beard]

Wow guys, I always thought I was middle of the range pricing but just worked this out and I would have quoted £2600 as I have a rapid applicator so would have got through it so quick, that would be some awesome profit at £4k damn man !

I’ve also lost jobs to lower prices and found usually it’s direct to substrate printing