Quote · Office · commercial
Q-1186
Sent, waitingQuantock Partners, office refurbishment in Bristol: 143 m² floor. £34,300 ex VAT at 21.0% margin. Sent 10 days ago, 1 follow-up so far.
- DraftedThu 1 OctBy Neil Barton, hours from the rule of thumb
- SentMon 5 OctTo Louise Stallard, by email and in the portal
- Followed up10 Oct1 reminder, by email
- DecidedWaitingOpen 10 days
How the price is built
Hours from the old rule of thumb, then materials, subcontract and margin
£34,300
ex VAT
Labour £3,500Materials £13,600Subcontract £10,000Margin £7,200
Labour£3,500
143m² floor×0.9h per m² of floor=128.5 h
128.5 h×£27.24an hour=£3,500to the nearest £10
0.9 h per m² of floor is the old rule of thumb. The 7 offices finished this year really took 0.95.
Materials£13,600
| Partitions, board and ceilings Avonmere Builders Merchants | £4,900 |
| Joinery timber and sheet Kestle Timber | £2,450 |
| Lighting and electrical Voltmere Electrical Wholesale | £2,990 |
| Flooring Cotsmoor Flooring Trade | £3,260 |
Subcontract£10,000
| Electrics and data Andy Rees Electrical, electrician | £6,000 |
| Plastering Mark Dent Plastering, plasterer | £2,500 |
| Floor laying Nick Weller Flooring, floor layer | £1,500 |
Cost£27,100
Price at a 21% margin, to the nearest £50£34,300
Margin£7,200, 21.0%
VAT 20%£6,860
Price inc VAT£41,160
On the true rate, it would be
Same 143 m² floor, same materials and subcontract
Old ruleTrue rate
Hours per m² of floor0.90.95
Labour hours128.5 h136 h
Labour cost£3,500£3,700
Price ex VAT£34,300£34,550
Margin if it takes the true hours20.4%21.0%
This went out on the old rule. If it is won and takes what offices really take, 7.5 h more labour comes out of the margin: 21.0% quoted, about 20.4% in the end.
Where the hours come from
Every office job finished this year: hours from the timesheets, per m² of floor
3995Gulliver Partners, 85 m² floor9 Jul1.04 h88 h vs 77 h3991Orchard Gate Solicitors, 121 m² floor26 Jun0.86 h104 h vs 109 h3986Fenwick Lane Recruitment, 182 m² floor12 Jun0.92 h168 h vs 163 h3982Merriman Surveyors, 238 m² floor27 May, imported0.94 h224 h vs 215 h3967Brightwater Insurance Brokers, 216 m² floor1 Apr, imported0.96 h208 h vs 195 h3962Kestrel Point Software, 199 m² floor13 Mar, imported0.96 h192 h vs 178.5 h3956Harlow Vance Consulting, 194 m² floor27 Feb, imported0.99 h192 h vs 174.5 h
Estimates on these jobs ran 7% over on hours before go-live (4 jobs), 3% since (3). 4 of them were imported from paper job sheets.
Client
Quantock Partners37 Gloucester Road, Bristol
ContactLouise Stallard
Phone0117 496 0700
First in touch25 Sep 2026