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Illuminated signs - Pricing Model

What is your pricing model when you create an offer for an illuminated sign?

  • Price per sqm or sq inch?

  • Price per height?

  • Price per materials + %

  • Price per optimized materials + No. of LEDs + manhours + machine time + profit +...


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EddieBS

New Member
The signage business eats a lot of your time.
And you have to split yourself in a lot of places
in the same time and you have to choose to make an offer fast
or to create a more comprehensive calculation
to make sure your offer is close to reality.

P.S. Multitasking is part of our DNA! :)
P.S.S. I would appreciate if you can motivate your choice :thankyou:
 

John Miller

New Member
Make a list of ALL materials, apply your markup. Write the number down. Methodically work through the building process, think like; how long will it take me to get the tools out, that’s part of the process. Make a realistic estimate of how many hours each part of the build will take.
Figure your time in 1/2 hour segments. No steps take less than 1/2 hour. Tally up the hours you feel it will take to build the sign and multiply by your shop hourly rate. Add that number to the materials number. Decide on a CYA %, multiply your total by the CYA %. That sum is what the sign costs. This is not a fancy formula, but it’s quite foolproof. Square foot pricing is not always accurate. Say it takes 1 hour to weld the four corners of an extrusion. A 5sf box uses the same hour to weld that a 20sf box does. There are many similar examples. After you’ve made several boxes you’ll be good at estimating the construction steps and become more accurate.
GO FORTH AND QUOTE.
 
  • Agree
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