Flat Rate Price Builder

1. Select the task type. Choose from the pre-built electrical task library. Parts cost and labor hours auto-fill based on industry averages. Pick "Custom" to enter your own values from scratch.

2. Adjust parts cost and markup. Override the default parts cost with your actual supplier pricing. Small commodity parts like outlets and switches typically carry 250% markup. Panels and sub-panels use 75-125%.

3. Set your labor rate and hours. Your billable rate should cover electrician wages, overhead, truck costs, and profit. Adjust labor hours based on your team's average completion time for this task.

4. Review your flat rate against the national average. The comparison bar shows where your price falls relative to the national range. If you are more than 20% below the low end, you are likely leaving money on the table.

Hourly billing penalizes your best electricians. A journeyman who replaces a breaker in 30 minutes earns your company half the revenue of a slower electrician who takes an hour. Flat rate pricing flips that equation. Your price reflects the value of the work, not the speed of the electrician.

Customers prefer flat rate because it eliminates uncertainty. When a homeowner hears "it'll be $115 an hour plus parts," their anxiety spikes. Every minute the electrician spends on the phone or walking to the truck feels like money burning. A flat rate quote of $150 to install a GFCI outlet removes that stress entirely. Higher close rates follow directly.

Flat rate also makes your business predictable. You know exactly what revenue each service call will generate before the electrician leaves the shop. That makes dispatching, payroll forecasting, and profit tracking dramatically simpler. Most electrical companies that switch from hourly to flat rate see revenue increase 15-30% within the first year with no additional marketing spend.

Building your price book from scratch. You are starting a new electrical company or transitioning from time-and-material to flat rate. Use this tool to price out every common task, compare to national averages, and build a complete price book your electricians can use in the field.

Quarterly price updates. Material costs change with copper prices and supply chain shifts. Run your top 10 tasks through the builder each quarter with updated supplier pricing to make sure your flat rates still hit your profit margin targets.

Training new electricians on pricing. Show a new hire exactly how the flat rate breaks down: parts revenue, labor revenue, cost, and profit. When electricians understand the math, they present prices with more confidence and close more jobs.