Tyler Grace

speaker

689 appearances 1 recordings 1 series first heard Sep 2025 last heard Sep 2025

Tyler Grace’s voice in public audio — every appearance, attributed to the second.

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Builders, Budgets, and Beers · Know Your Numbers, Not Just Your Craft · 3 Sep 2025 podcast

So if I'm saying I'm charging $150 an hour, that's

All of my labor, my labor burden, my overhead, everything's in that.

So I'm not having a plus on top of my own labor that I own.

I'm only marking up people who don't work underneath me and material.

So that's the two biggest things.

And then sometimes with TNM, you might be asked to sign a DNA or a DNE, a do not exceed, because it's a bit more of an open checkbook legally than cost plus.

Got it.

because so like i'm literally just billing whatever money i put out my markup and then whatever labor rate based on who's working for me and a cost plus it protects me a little bit more cost plus it's kind of a balance between that and managing the budget like you might still over execute but you know that you only have so much in a budget you can only charge that technically with me if things go over

And it's really up to the client as to how they want.

I'm supposed to manage that budget, but technically and legally, if it's T&M and it's 2x what I thought it was going to be, I may be entitled to those funds.

I don't operate that way.

I try and manage the budget and let my customers choose how they want to spend their money.

But on remodels of old homes...

I made budget for something that I think is going to take four days and it takes 10 because we opened up and it's completely different.

So I'm just managing my budget every two weeks and saying, hey, this is where we stand.

This is what we're over.

How do you want to address this moving forward?

So my biggest thing is, again, I want to work hard.

I want to get paid for my time.

I don't want to get paid for more than my time.

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