How to Estimate the Cost of an Industrial Paint Job
Did you know that the revenue generated by painting companies in the United States last year amounted to over $31 billion?
Industrial paint isn’t cheap. If you’re looking to hire the best industrial painting professionals then you need to have an idea of what you’re looking at paying. There are many industrial painters out there. By doing your research you’ll help yourself get the best deal from the best industrial painting company.
The good news is that you’ve come to the right place to learn everything you need to know and expect. You’ll be ready when it comes to hiring professional industrial painters. Continue reading to learn all about industrial paint and how much an industrial painting job will cost you.
The Steps for Estimating the Cost of Industrial Paint
There are multiple areas that you need to look at in order to accurately gauge how much an industrial painting job is going to cost you. There are factors like industrial paint supplies, labor costs, and even the overhead costs of the job.
By considering all of these aspects, you’ll give yourself the closest estimate of what you should expect the industrial paint job to cost you. It will help prepare your accounting department and allow you to figure that expense into your company’s budget.
Tally Up The Industrial Paint Supplies
The biggest factor when it comes to estimating the industrial paint supplies is how much paint is needed. When determining how much paint you need, you need to consider whether you’re painting the interior or exterior of the building. Interiors of buildings tend to require more paint for an effective paint job when compared to exteriors.
You also need to consider whether it is a new or existing structure that is getting painted. An existing structure will require less paint because there won’t be uncovered drywall and caulk as there will in a newly built structure. A good industrial painting company will ensure that the right amount of paint is used. For more info, check them out.
Another important thing to consider is the square footage of the structure that you’re going to paint. Most square footage figures are based on floor space rather than wall space. It is possible that you’ll need to remeasure the square footage of the structure. This will help you get an accurate idea of how much paint you’ll need for the industrial painting job.
Once you have the accurate square footage for the structure that will be painted, you can enter those numbers into a paint job cost estimator. This will give you a clearer picture of how much the job is going to cost. You should also try to account for any other essential materials that’ll be needed to complete the job.
Calculate the Labor Costs
Another big component of estimating the cost of an industrial painting job is to account for the costs associated with labor. A big factor in the costs of labor is the experience of the industrial painting company crew. The more specialized the industrial painting job is, the more experienced the crew needs to be. That experience will cost you more.
You also need to take other things into consideration when it comes to the labor costs for newly constructed buildings. These buildings will likely need priming of the walls as well as caulk. Be sure to account for these extra labor expenses since they will make the industrial painting process longer.
You’ll want to be sure to differentiate between exterior and interior industrial painting as well. Since interior painting requires more coats, it will likely take longer to complete. That means that you’ll be paying for more labor for an interior industrial painting job. Exterior painting jobs cost less.
Interior painting jobs require more preparation and more cleanup than exterior paint jobs, so you need to be aware of that as well. The cleanup process and extra preparation lead interior painting jobs to take up to two or three times longer.
Make sure that you don’t underestimate the amount of time that the painting company crew will need in order to make the job site ready for industrial painting. This is especially true for recently constructed buildings since they likely also need plumbing and electrical work. This puts a hold on how soon an industrial painting job will be completed.
Take Overhead Costs Into Account
The overhead for a typical industrial painting job is around 10 percent of your budget. There are many aspects of the job that fall under the category of “the cost of doing business”. Be sure to include these in any estimates of an industrial painting job. A failure to consider these expenses could lead to disaster.
Taking the overhead costs into consideration will help you should the industrial painting job become much more expensive than you anticipated. The overhead will also give you a reasonable estimate of what the total will be for the industrial painting job that you want for your business.
It is normal for most industrial painting companies to tack on a tax that covers their overhead fees for the industrial painting job. The normal figure is somewhere around 15 to 20 percent of the overall estimate. In order to give yourself a realistic idea of what your industrial paint job is going to cost, configure that tax onto the total amount.
By figuring in that tax, you won’t be surprised by the estimates provided by the industrial painting company that you contact about doing the job.
Hire Your Industrial Painting Company Today
Many businesses have the need for industrial paint. Determining how much it will cost them is frustrating and intimidating. The good news is that the tools and knowledge are out there to give yourself an estimate of how much the job is going to cost.
By accounting for the amount of paint needed based on square footage, the amount of labor needed, and the overhead of the industrial painting company, you can figure out how much the industrial painting job will cost you.
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