Industrial painting contractors do not often quote the same price for a facility project. One of the reasons for the differing price is that industrial painting contractors have to factor in their operational costs and expenses and charge it the clients. The project cost therefore not only accounts for the cost of actual materials used in the project, or the price of manpower and labor, but it also includes some necessary overhead costs that industrial painting contractors have to spend on, in order to keep their business running.
As a business organization, the industrial painting contractors have dues and obligations that they need to pay for, in order to survive and grow their business. These costs are as below:
1. Taxes. As a business entity, industrial painting contractors are not spared from the obligatory taxes. Every state has its own sales tax laws, and the contractors may include the tax charges when they bill the facility.
2. Insurance. Businesses often obtain an insurance package for their protection in case of unwanted emergencies. The monthly insurance payments are factored into the facility bill.
3. Licenses, certifications, other legal fees. Different states have varied laws on licenses, and some certifications are required in some states but non-existent in others. These costs are also included in the final project price by the industrial painting contractors.
Facility managers should understand that these costs, while no longer visible in the price quotation from bidding industrial painting contractors, are some of the drivers of the final price charged by said contractors.
