Electrical Contractor Package - Montana 2025

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  1. Click ‘Get Form’ to open the Electrical Contractor Package in the editor.
  2. Begin with the 'Montana Electrical Contract' form. Fill in your details regarding the scope of work, site information, and insurance requirements as per Montana laws.
  3. Next, utilize the 'Bid Log' to track outstanding bids. Enter details such as due dates, sent dates, bid prices, and current status for each bid.
  4. Complete the 'Summary of Estimate' by summarizing tasks involved in your project. This will help you generate an accurate contract price.
  5. Use the 'Change Order Sheet' if any amendments are needed for existing contracts. Ensure all changes are documented clearly.
  6. After project completion, fill out the 'Certificate of Completion' to certify that all work has been satisfactorily completed.
  7. Finally, gather feedback using the 'Customer Satisfaction Survey' and 'Company Evaluation by Customer' forms to improve future projects.

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In general, the industry standard material markup for electrical contractors is somewhere between 2X and 6X what you paid for the item. The multiplier you use will depend on your electrical companys profit goals, as well as other factors such as labor costs and what businesses or homeowners in your market can handle.
Average Hourly Rates Typically, electricians charge between $50 and $100 per hour. But the first hour might cost more, about $150, due to initial setup and travel. In emergencies, expect to double the rate to $100$200 per hour.
Somewhere between 10% and 20% would be a healthy net profit margin for electrical contractors. Obviously, nearer 20% would be preferable. That said, electrical contracting businesses often operate below 10%.
Most electricians charge $40$120 per hour, with small to medium electrical tasks typically costing $150$600 total. New electrical wiring costs $3$5 per square foot on average, while rewiring existing homes costs $6$10 per square foot due to the added complexity.
General contractors charge a 10% to 20% fee percentage of construction costs for large projects and a fixed, daily, or hourly rate for small jobs. Contractor hourly rates are $50 to $150 per hour on average. General contractor pricing depends on the labor and material costs, project size, and location.
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To remain in a healthy financial state, electrical companies should aim for 20% net profit in their business plan. In terms of profit margin, a good rule of thumb is that 5% is a low margin, 10% is a healthy margin, and 20% is a high margin.

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