Corey_lax
Crew Member
I never would get 3x the labour rate. Maybe 20-30%.285k for a 22 stabicraft so you get an extra foot and have 147k to rig it out and buy a trailer. The dealer markup adds to it and it turns into a luxury tax, debacle. Agreed it is f….ing expensive. A friend was the labourer with the builder to save money on his build. Used boats are sitting right now, my buddy had 4 guides reach out on his Grady but they want a 28 foot boat in excellent shape with 2x new 250 engines for less than 130k. Aluminums seem to be sitting as well. Throw out some offers?
We are hesitant to take any job orders to find skilled people for under $40 an hour and rule of thumb is charge 3x the wage in order to make any money and that was before the 2% increase in cost for 5 sick days and the employer health tax 1.95%. I don’t know boat building but chatting with owners you need a skilled fabricator not just a good welder. It’s starting to move into shutdown season in the spring where guys make $1000 a day with living out allowances, overtime, so wages are likely well over $40 to keep good people.
Also, there’s another stat holiday that’s virtually approved so that’s around 2.5% increase in one year between paid sick days and stat holidays