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Quote · Office · commercial

Q-1187

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Gulliver Partners, office refurbishment in Bristol: 199 m² floor. £47,750 ex VAT at 21.0% margin. Sent 10 days ago, 1 follow-up so far.

  1. Drafted
    Sat 3 Oct
    By Neil Barton, hours from the rule of thumb
  2. Sent
    Mon 5 Oct
    To Jane Vickery, by email and in the portal
  3. Followed up
    10 Oct
    1 reminder, by email
  4. Decided
    Waiting
    Open 10 days
How the price is built
Hours from the old rule of thumb, then materials, subcontract and margin
£47,750
ex VAT
Labour £4,880Materials £18,900Subcontract £13,950Margin £10,020
Labour£4,880
199m² floor×0.9h per m² of floor=179 h
179 h×£27.24an hour=£4,880to 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£18,900
Partitions, board and ceilings
Avonmere Builders Merchants
£6,810
Joinery timber and sheet
Kestle Timber
£3,410
Lighting and electrical
Voltmere Electrical Wholesale
£4,150
Flooring
Cotsmoor Flooring Trade
£4,530
Subcontract£13,950
Electrics and data
Andy Rees Electrical, electrician
£8,370
Plastering
Mark Dent Plastering, plasterer
£3,490
Floor laying
Nick Weller Flooring, floor layer
£2,090
Cost£37,730
Price at a 21% margin, to the nearest £50£47,750
Margin£10,020, 21.0%
VAT 20%£9,550
Price inc VAT£57,300
On the true rate, it would be
Same 199 m² floor, same materials and subcontract
Old ruleTrue rate
Hours per m² of floor0.90.95
Labour hours179 h189 h
Labour cost£4,880£5,150
Price ex VAT£47,750£48,100
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, 10 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
rule 0.9true 0.95
after go-liveimported, before 1 Jun
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 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
Gulliver Partners
38 Gloucester Road, Bristol
ContactJane Vickery
Phone0117 496 0782
First in touch25 Sep 2026