The pricing of plumbing can be different between contractors and they may have different ways of calculating cost components. It is important to have a good idea of how much the plumbing will cost, especially when leakage is already severe and it has caused progressive water damages inside the house. The first component to consider it labor costs and we should know whether the workers are non union or union. They have base wages that we need to pay, as well as numerous fringe benefits. The fringe benefits are usually about 40 percent of the basic salary in the United States. Companies usually calculate overhead costs based on the overall sales volume. Depending on the contractor, the overhead cost can be between 15 to 20 percent, which can be used for general liability insurance, office utility bills, administration tasks and others. So, it is important to know that the money we pay isn’t entirely for the plumbing project and we also need to cover the overhead costs of the plumbing service company.
Of course, the owner of the plumbing company will need to be paid as well. Including the material and equipment costs, the plumbing company hasn’t made a profit yet and obviously, we need to contribute in making it profitable. The process of determining the cost of the project can be quite tricky, so it is important not to ask pricing through the phone. Each component of the cost may need to be calculated directly, based on your unique situations and current market prices. As an example, you may want to install multiple faucets around the house, it means that the plumbing specialists will need to remove all the old faucets, buy new ones and install them. The technician will determine what kind of faucets that is compatible with your current plumbing system and you need to choose from different options available in the market. Plumbing system can be consisted of dozens of components.
So, it is clear that there are many components that we need to be aware of. This will have direct impact on the overall costs of plumbing project. We need to be particularly careful of not buying components that are not suitable with our current project, because this will cause to lose money without results. Plumbing service company isn’t available in all towns, so it is important to consider the drive time which will also have an effect on the overall costs. It is important to make sure that we also pay the plumbers for their time during driving and the cost of driving itself. In fact, it is acceptable to consider the time they drive to our location as the actual work time and we pay them normally for that. This will ensure good relationship with the plumbing company and we can make sure that they are willing to work with us for a longer period of time, especially if there is continue problems with our plumbing system.