key cabin Posted November 10, 2011 Report Share Posted November 10, 2011 Hi Chaps, I have just had an enquiry to engrave 3 digits on 6000 keys, but, i dont know where to start with the price negotiation. I dont want to charge too much that i scare the lad off but not go in too cheap that i dont make enough for the time its going to take. Any ideas would be apreciated. Ta Chucks. Link to comment Share on other sites More sharing options...
St.Am92 Posted November 10, 2011 Report Share Posted November 10, 2011 Are you supplying the keys? If so have them coined. Saves you time and effort and there's enough profit to offer what ever normal discount you would give on 6000 keys. Tell him you'll beat any reasonable quote he's received. Link to comment Share on other sites More sharing options...
Lee Posted November 10, 2011 Report Share Posted November 10, 2011 is it 6000 keys all at the same time, or in dribs & drabs as the customer wants them? can you not pin punch them? might be quicker than engraving? Link to comment Share on other sites More sharing options...
key cabin Posted November 10, 2011 Author Report Share Posted November 10, 2011 As far as i know he will be sending me all 6000 in one go. I havnt thought about pinpunching, how much would it cost for thr machine to do that, i have the universal 300. Link to comment Share on other sites More sharing options...
grahamparker Posted November 10, 2011 Report Share Posted November 10, 2011 1 good days work for us using 2 engraving machines,i would charge £1200.00 + vat and do them at a weekend. Link to comment Share on other sites More sharing options...
key cabin Posted November 10, 2011 Author Report Share Posted November 10, 2011 Now Graham that sounds like a fair price for the work involved, i had a figure of around £1000 to £1400 in mind but was worried it looked a little too much. Link to comment Share on other sites More sharing options...
key cabin Posted November 10, 2011 Author Report Share Posted November 10, 2011 We have just agreed a price of £2000 for 6000 keys to be engraved, these are flat steel keys for a strong room safe with safety deposit boxs in. Happy Days. Link to comment Share on other sites More sharing options...
Lee Posted November 10, 2011 Report Share Posted November 10, 2011 you won't be saying happy days when your about 3000 in & your feet have gone numb. it will only be happy days when the cheque arrives! Good price, far to easy to under price a job like that. I think you got it right. Lee Link to comment Share on other sites More sharing options...
Lee Posted November 10, 2011 Report Share Posted November 10, 2011 & take a flask with you that day, save you stopping to make tea. Link to comment Share on other sites More sharing options...
key cabin Posted November 10, 2011 Author Report Share Posted November 10, 2011 Cheers Lee, i am just thinking of the boredom setting in after 2000 the pain in my back after 4000 then the cheque in the bank after 6000 Once again thank you for your invaluable input and i will let you know how i have gone on. Link to comment Share on other sites More sharing options...
grahamparker Posted November 10, 2011 Report Share Posted November 10, 2011 Nice one,good price and even if it takes you a couple of days it's pure profit hope it doesn't take you to long. Link to comment Share on other sites More sharing options...
windycity Posted November 10, 2011 Report Share Posted November 10, 2011 out of interest are you going to diamond engrave or use a cutter. Link to comment Share on other sites More sharing options...
StevenB Posted November 10, 2011 Report Share Posted November 10, 2011 Got to be diamond, surely? Link to comment Share on other sites More sharing options...
grahamparker Posted November 10, 2011 Report Share Posted November 10, 2011 Definately diamond. Full weight and motor on does a great job on keys. Link to comment Share on other sites More sharing options...
CotswoldEngraver Posted November 20, 2011 Report Share Posted November 20, 2011 I have been asked to quote for some laminate ID plates. And I don't know how much to charge. They need the following: 800 x laminate plates 75mm x 25mm x 3mm; engraved with various reference numbers of 2 characters in batches of approx 75 plates. 120 x laminate circular discs 25mm diameter x 3mm; engraved with the same reference numbers in batches of 10 Looking at the costings and keeps coming out approx £2.50 each to the customer making total cost £2300. Don't want to under sell myself too much but this seems quite high to me, what do you chaps think? Link to comment Share on other sites More sharing options...
StevenB Posted November 20, 2011 Report Share Posted November 20, 2011 On a job like this I always start my pricing process by evaluating how long the job will take me to complete. Multiply the time by my hourly rate & that's the benchmark for any pricing negotiations. If you can take the price beyond this amount, so much the better. Obviously, what I need to charge per hour isn't necessarily going to be the same as anybody else due to differing overheads, staff costs etc. And to get back to the point, this doesn't sound like a bad price to me, you'll make a reasonable mark up - will you be cutting all the plates yourself or buying in ready made? This will be a not insignificant time to be factored in. Link to comment Share on other sites More sharing options...
Michael Posted November 21, 2011 Report Share Posted November 21, 2011 ...and after factoring all this still don't get the work as the customer was expecting about 20-25p each!!!! Link to comment Share on other sites More sharing options...
CotswoldEngraver Posted November 21, 2011 Report Share Posted November 21, 2011 ...and after factoring all this still don't get the work as the customer was expecting about 20-25p each!!!! Thats my worry michael, I think they are going to go for it anyway as they need to have these done for their production runs but still worry about how much I am charging! will you be cutting all the plates yourself or buying in ready made? This will be a not insignificant time to be factored in. Looked at both ideas Steven, was thinking about cutting the laminate down so a sheet will fit into the machine and then making say 30 plates from one sheet before making a final deep pass on each one after engraving to basically cut each out. Using a sheet of scrap underneath of course so I dont end up with an engraver bed that looks like 30 plates! Link to comment Share on other sites More sharing options...
windycity Posted November 21, 2011 Report Share Posted November 21, 2011 don't forget they will be claiming the VAT back . so that makes the total price of the job a bit cheaper in their eyes. also don't forget to factor in the charge % that you will incur for the card payment, as its a company they will have a business card which might be a higher % also. Link to comment Share on other sites More sharing options...
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