Pricing
How are rates determined? - T&M would be the first category that 4HH will be focusing on. The model is based on using CBA’s to determine market pricing in a given geographic area. The site will apply a constant multiplier of total package rates to determine market rates for a given jurisdiction. Multiplying the total package rates outlined in CBA’s by our multiplier, has shown to put our hourly rate within 5% of the average hourly rate for the contractors within that market. This multiplier can easily be adjusted for individual market requirements.
Our team has looked into many different credit card processing options and presently have found that Square offers the lowest rate at 2.6%+$0.10 per transaction. 4HH will revisit who is used for transaction processing as growth happens. This will ensure 4HH is providing the highest benefit to our customers and generating as much revenue as possible to continue contractor growth.
The residential construction market was $394 Billion in 2018. If 4HH can get even 0.1% of the market in 5 years, that is almost $400 Million in work and $12 million dollars in revenue for our company.