Pricing Crisis

[jay]

Having a mini crisis here...........feels big though as I am busy doing last minute work for an exhib.

Could anyone tell me what they would charge for the following........

moulding 1000mm x 726mm (glass size) at £5.67, 2 coats of paint, limed & waxed

Artcare single mount with bevel accent (which i have never used before and have no idea how to price!)

Artcare 5mm foamcore back

2mm standard float glass with art back water resist backing board.

I usually start to feel faint when I start to price up bigger jobs (there are 4 of these) and start fiddling around with the price until I feel happy asking for the amount rather than what it actually should be!!

Any input on this will be greatly appreciated, have to get these out the door tomorrow.

Jay

[absolute framing]

Quicky to get out of your predicament

minimun cost of materials x 3 + vat

[jay]

Thanks Stephen for replying so quickly!

x3 materials + vat works out at £198.45 - around the same price I came up with originally,but it gave me the collywobbles!!

I assume then that it has to be in the right ballpark

I will just have to muster the courage, and remember the amount of work that went into them when I hand over the invoice...........

Cheers

Jay

[Jonny2morsos]

I got it to £212 per frame. Not the sort of job I would want as a rush job on a Friday though.

John.

[danchip1]

This pricing is a funny business,
I can suffer from thinking it is too much but have found the best solution is just to SAY IT AS IT IS!!! If they have a heart attack, the chances are they wouldnt have wanted to pay even if it was half the amount. If they are umming and aahing, it leaves ground for negotiation / and / or selling the product. Nine times out of ten, the reaction is, "When can you do it by?"
Theres only so many times I will work for nothing before i get ruthless, um..., sorry, confident in telling them the amount!!

[Nigel Nobody]

If I were doing that job and using a multiplier to get an approximate price, I would use at least x4 plus tax. Perhaps even as high as x5 plus tax.
How much does a plumber or mechanic charge per hour up there? You want at least the same as they get, plus a profit on your materials, plus enough to cover ALL your business costs. Unless of course you are a charity and don't need to make a profit!

If you, as the business owner, get sticker shock at the price, then the customer will read you and get it too!

[Roboframer]

I'd be £218, assuming the moulding price per metre is after hand finishing.

[jay]

Cheers Guys!

Thanks for all your replys - they helped me go with my original price with confidence!

Customer has just left with pictures - absolutely delighted.

He didn't bat an eyelid, wince, take a sharp intake of breath, or even blink, when I handed him the invoice ( I was watching him very closely)

He is a new artist customer, used to paying around £100-£120 for frames from his previous framer. When I pointed out the brown bevels he was horrified and wanted a quality job on these four. He was obviously prepared to pay what it cost as he didn't want a price when he left them with me.

Now I just need to go figure why I found this one so difficult.

Robo (or anyone?)
How do you price bevel accents - with/without Estlite?

Once again, much appreciated.

Jay

[Roboframer]

There you go, he paid for quality and possibly overpaid for lesser quality previous.

Bevelled accents cost around £1 per foot ex VAT, I charge £4 per foot incl VAT to the glass size; not the aperture size. (Sorry, I'm a metric martyr!)

So a bevelled accent in a 20x16" frame, regardless of aperture size, would cost £24, not cheap!