London rates for subcontractors?

[Dave_]

Anyone have a ball park figure on an hourly/day rate??

£16-25 or £150 - 200 about right??

 

[egginyourface]

180 - 200

 

[telectrix]

at least £25. sub-contract rate here is £16-£20.

 

[growler]

at least £25?? lol get me a start.. id say £150 a day is good.. anything more is a bonus. i earn about £180- £220 on price on new builds.

 

[rugbynick]

£150 is the going day rate. Good sparks will earn significantly more on price.

 

[Dave_]

Thanks for all the responses.

I've been out of the country for almost a year (travelling) and I am going through the process of becoming self employed. Im planning on becoming a LTD company (less danger) and registering for VAT as i will be subbing myself out to larger VAT registered contractors and plan to make many purchases in my first year.

I was unsure of how much to ask for when offering my services, i dont want to sell myself too cheap nor charge a fortune.

 

[sparkyeis]

Evening all!

Looking for some advice, I work for myself as a sole trader and have been offered some work as Lead Electrician/ foreman running a project in Reading.

I have been offered £16.00 per hour, waiting on other details such as mileage rate, living away allowance etc.. All I know is they have said they will book a Travelodge.

Looking for advice whether this is a good rate and if possible a going rate on living away costs and fair mileage rates.

Cheers,

James

 

[Alasdair82]

Going rates as per JIB ( Grades, wages & allowances for the Electrical Contracting Industry) are about 13.00 an hour and 16.00 an hour london rates. If you are a sub contractor you need to charge at leats 20-25 an hour to make it worth your while. Remember you have to pay your overheads as well. I believe that if you run a business you need to charge at least 25 an hour. The table below shows a quick calc I have done based on expenses and at 20 an hour you barely cover your costs and may as well be an employee.

Looking at a basic setup these are the cost you can incur running your own business and paying yourself 13.89 an hour:-

	Year	Month	Week	Day	Hour
Van	£2,400.00	£200.00	£50.00	£10.00	£1.33
License (NICEIC etc)	£449.00	£37.42	£9.35	£1.87	£0.25
Insurance	£200.00	£16.67	£4.17	£0.83	£0.11
Advertising	£500.00	£41.67	£10.42	£2.08	£0.28
Fuel for Van	£2,600.00	£216.67	£54.17	£10.83	£1.44
Telephone Bills	£1,200.00	£100.00	£25.00	£5.00	£0.67
Tools/consumables	£2,000.00	£166.67	£41.67	£8.33	£1.11
Pay Yourself	£25,000.00	£2,083.33	£520.83	£104.17	£13.89
Cost of NI for your Pay (employers contr)	£2,416.00	£201.33	£50.33	£10.07	£1.34
Accountant Fees	£750.00	£62.50	£15.63	£3.13	£0.42
Total Costs	£37,515.00	£3,126.25	£781.56	£156.31	£20.84
Working Day = 7.5 hours normally	£156.31

 

[Stuuk1]

£200 would be lovely but it's more around £160ish

 

[timbobelfast]

A Lead electrican /Foreman @16 an hour self employed?! I think they are pulling your wire! Thats what a normal spark should be getting paid never mind the site lead!

Maybe they meant 16 per half hour lol!

 

[sparkyeis]

Cheers for the response lads,

My thoughts exactly, I have been self employed for over 5 years now makes you feel a little undervalued considering all of the grief with yearly assesments etc.. I was on more than £16.00 an hour as a Contracts Manager back in 2005. Think I need to be having a word, any other advice on working away allowance and expenses would be greatly received.

Cheers,

 

[timbobelfast]

Get something in writing. If they are not capable of that then chances are you will get the run around when it comes to pay day.

 

[sparkyeis]

Should get further confirmation on the 2nd. At £16.00 per hour can't see it being worth it.

Cheers,

 

[Jonny66]

Incredible £16 per hour?? Wots that £100 per day, minus 20% equates to £80, minus con charge leaves £70, minus fuel leaves £60, minus parking don't bother, hey why not take up begging the pays better than a Jib spark in London …… wouldn't touch London for less than £180 per day plus fuel, parking& con charge… and stick the Jib rates up the nearest NVQ 3 sparks backside cos they'd probably enjoy it IMHO LOL & LMFAO & xxxx

 

[sparkyeis]

The more and more I hear makes me think this company is taking the mick. £16.00 per hour what a joke! I will be having a word on the 2nd. I have been out of working away for a few years now so I don't know what the going rate is at the minute. I am a JIB Approved Spark and if I was to take this job on as foreman/lead spark I would be going back in time in terms of rate!!!!

 

[Jimsparky]

I've been on my own for 6 years now and was subbing for 4 of them. I never charged less than 18 per hour and was 20 for the last two years as a minimum. That wasn't even in the smoke either. You need that money just for the costs that we incur.
Also I was never a day out of work.

 

[tombrooker84]

I do a fair amount of work in london. I find people care more about how professional you look/act and your references, than cost a lot of the time. I aim to make at least £200 a day, and aim to charge about £250, any less than that it is too much hassle for the money. £16 per hour in London would barely put food on the table once you have added up all your expenses!

 

[craigday]

I know sparks on £135 up to £180 depends how generous your boss is, or they might use the old 'money is tight atm' line

 

[sparkyeis]

At £16.00 per hour, 8 hours (£128.00) a day for running a new Leisure centre install with maybe 7 -8 Electricians to organise. Somebody is taking the Micheal. I will be going to the company with atleast £20.00 per hour in mind plus living away expenses. More to the point what is a decent rate for this? I know he is booking and paying for a Travelodge type hotel.

Cheers,

James

 

[craigday]

you would want at least £200 a day minimum