Flat Rate Math

Trade Hourly Rate Finder

Salary sites say an electrician makes $38 an hour. That is a wage. A one-van shop that bills $38 an hour goes broke. Put in your real numbers and get the rate your shop actually needs.

1. Overhead - what it costs to exist for a year, before any job

Yearly amounts. Rough is fine; you can tune it later in the spreadsheet.

2. You - what you should be paid

3. Time - hours you can actually bill

How the math works

Overhead plus your pay (with tax and benefits) is what a year costs. Divide by the hours you can actually bill - not the hours you work - and you have your true hourly cost. Bill under it and you are paying to work. Add the margin you want and round up: that is your shop rate. It is the same engine inside our Flat-Rate Price Book Builder, which turns the rate into a 75-task price book.