Budgeting The Painting Contract

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Paint Contractors

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By Kevin McGeer

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Budgeting The Painting Contract
Budgeting The Painting Contract

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

NoDescriptionQtyUnitRateSub-
Total
TotalActual
Costs
Variance
%
APAINT
1Primer220 litre$100$200
2Acrylic620 litre$150$900$1100
BLABOUR
1Preparation4Man
days
$100$400
2Primer2Man
days
$100$200
31st Coat2Man
days
$100$200
42nd Coat2Man
days
$100$200$1000
CINCIDENTALS
5% Paint Costs$55$55
DHIRING
COSTS
Scaffolding13m
tower
$800$800$800
ESUB- TOTAL$2955
FSALE$5000
GPROFIT$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.

Budgeting The Painting Contract
Budgeting The Painting Contract

Check List When Starting a Contract B6 you may have more items that you want to add.

No DescriptionTick
1Specification on site
2Contract in place and signed
3Guarantee in place- paint supplier
4Paint supplier technical contacted
5Site register
6Budget done
7Quality documents
8Production schedule
9Client regular meetings set up
10Site storage organised
11Signs outside the site for marketing
12Toilet facilities organized for the laborers
13water access
14Electricity access
15Wages negotiated if necessary
16Bonuses negotiated if necessary
17Safety system in place
18safety officer appointed in writing
19Scaffolding permits in writing
20Trash bins for rubbish organized
21necessary small tools on site
22Step ladders on site
23Staff uniforms handed out

Check List When Completing a Contract B7

You may have more items that you want to add.

NoDescriptionTick
1Guarantee in place
2Site cleaned
3Actual costing up to date with variances
4Quality documents completed and filed
5Signs outside premises removed
6Toilet facilities removed
7Rubbish bins removed
8Ladders, scaffolding and tools removed
9Final invoices in place

Please attain more information from “Washington House Painters”

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