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Paint Contractors
Business Manual
By Kevin McGeer
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Budgeting The Contract
Planning a paint contract involves many items, but the main one is doing a financial budget. Did you make a profit or loss? You may have many different types of contracts on the go at the same time. Is sprayiung roofs making more money than painting floors?
With this type of information, you can steer your business into profitable areas, by changing things like marketing, the type of equipment you see and the type of labour you hire.
Budget
Lay out a budget for the contract, which includes labour, paint, incidentals and hire expenses.
Budget Costing Example
| No | Description | Qty | Unit | Rate | Sub- Total | Total | Actual Costs | Variance % |
| A | PAINT | |||||||
| 1 | Primer | 2 | 20 litre | $100 | $200 | |||
| 2 | Acrylic | 6 | 20 litre | $150 | $900 | $1100 | ||
| B | LABOUR | |||||||
| 1 | Preparation | 4 | Man days | $100 | $400 | |||
| 2 | Primer | 2 | Man days | $100 | $200 | |||
| 3 | 1st Coat | 2 | Man days | $100 | $200 | |||
| 4 | 2nd Coat | 2 | Man days | $100 | $200 | $1000 | ||
| C | INCIDENTALS | |||||||
| 5% Paint Costs | $55 | $55 | ||||||
| D | HIRING COSTS | |||||||
| Scaffolding | 1 | 3m tower | $800 | $800 | $800 | |||
| E | SUB- TOTAL | $2955 | ||||||
| F | SALE | $5000 | ||||||
| G | PROFIT | $2045 |
monitor the actual expenses(B 2) and compare them to the budgets. This is one of the most crucial exercises to do, while running a successful paint contracting company. This information will give you the edge, when at a moments notice you may have to negotiate a potential contract.
Check List When Starting a Contract B6 you may have more items that you want to add.
| No | Description | Tick |
| 1 | Specification on site | |
| 2 | Contract in place and signed | |
| 3 | Guarantee in place- paint supplier | |
| 4 | Paint supplier technical contacted | |
| 5 | Site register | |
| 6 | Budget done | |
| 7 | Quality documents | |
| 8 | Production schedule | |
| 9 | Client regular meetings set up | |
| 10 | Site storage organised | |
| 11 | Signs outside the site for marketing | |
| 12 | Toilet facilities organized for the laborers | |
| 13 | water access | |
| 14 | Electricity access | |
| 15 | Wages negotiated if necessary | |
| 16 | Bonuses negotiated if necessary | |
| 17 | Safety system in place | |
| 18 | safety officer appointed in writing | |
| 19 | Scaffolding permits in writing | |
| 20 | Trash bins for rubbish organized | |
| 21 | necessary small tools on site | |
| 22 | Step ladders on site | |
| 23 | Staff uniforms handed out |
Check List When Completing a Contract B7
You may have more items that you want to add.
| No | Description | Tick |
| 1 | Guarantee in place | |
| 2 | Site cleaned | |
| 3 | Actual costing up to date with variances | |
| 4 | Quality documents completed and filed | |
| 5 | Signs outside premises removed | |
| 6 | Toilet facilities removed | |
| 7 | Rubbish bins removed | |
| 8 | Ladders, scaffolding and tools removed | |
| 9 | Final invoices in place |
Please attain more information from “Washington House Painters”
Continue reading on Common painting problems
