Plumbing flat rate pricing template

What is a plumbing flat rate pricing template used for?

Customers tend to prefer paying a flat rate for their plumbing and home services needs, rather than a varied hourly rate. Plumbers will be able to utilize this calculator to pre-plan service jobs, enabling them to estimate time, rate, and potential profit margins.

The flat rate pricing calculator is ideal for plumbers but can be utilized to fit any home services professionals business needs. Bake this process with your plumbing flat rate pricing software to really speed up your estimating.

Plumbing flat rate pricing example

Step 1 Figure out cost of job:

(NUMBER OF HOURS FOR JOB) X (HOURLY LABOR RATE) + (ANY DOLLAR COST OF ADDED MATERIALS)

EXAMPLE:

Flat Rate Item 1:

• 3 hour job
• $35/hour in labor
• $1000 in materials

(3 hours) X ($35/hour) + ($1,000) = $1105

Step 2 figure out price with profit margin:

(TOTAL COST OF PROJECT) / (1 MINUS PROFIT MARGIN)

($1,105) / (1 – 0.4) = $1842

The final price for your flat rate of that specific job will be $1842 and is what the customer will pay.

To the right, STEP 1 will allow you to fill in the corresponding
VALUES and provide you with the
VALUES from the formulas illustrated above (all example
VALUES are populated)

Just fill in for cells F5 (Labor Rate) E6 (number of hours) and F6 (materials) and F10 (desired gross margin) and the
VALUES for Standard rate, discounted rate and after hours rate will automatically populate.

From there, you may fill in the corresponding value in the respective field in the “flat rate schedule” sheet