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  • Input benchmarks

    Use the input benchmarks to calculate the expected income based on the labour and materials used.

    They apply to concreters who:

    • work directly with household customers
    • are responsible for purchasing their own materials.

    The input benchmarks have been developed in consultation with the:

    • Concrete Placers Association of NSW
    • Concreting Industry Association of Queensland
    • Master Concreters Association of Victoria.

    They represent the industry norm. Consider your own personal circumstances when using the benchmarks to assess your situation.

    These benchmarks are current as at April 2015.

    On this page

    Input benchmark guide

    You can use this benchmark to compare and check your business performance to the concreting industry average.

    All dollar amounts include GST.

    Input benchmarks for concreters

    Coverage rate for steel mesh (square metres) (using 14 square metre sheet)

    12

    Coverage rate for one cubic metre of concrete at 100mm thick (square metres)
    Concrete could be ready mix or mixed on site from:

    • 16 × 20kg bags of cement
    • 750kg sand (0.5 cubic metres)
    • 1.2 tonnes aggregate
     

    10

    Cost of materials as a percentage of price charged to customer

    50 to 60

    Average job size (square metres) (for example, driveway, plain slab)

    70

    Days to complete average job (including one day for excavation) – 2 tradespeople

    3

    Days to complete average job (including one day for excavation) – 3 tradespeople

    4

    Price charged per square metre – plain concrete $50 to $55 with additional charges for coloured, stamped or stencilled

    $50 to $70

    Sales turnover

    Use this benchmark to:

    • estimate your income
    • compare your income against the concreting industry average
    • check that your records accurately reflect your income.

    Remember:

    • All dollar amounts are GST-inclusive.
    • The amount of ready-mix and mix-on-site concrete used can vary depending on load bearing requirements and location.
    Sales turnover – income guide for concreters

    Income guide

    2 tradespeople

    3 tradespeople

    Number of sheets of steel mesh used per year

    425

    641

    Amount of concrete used per year (cubic metres)

    511

    770

    Square metres completed per year

    5,110

    7,700

    Price per square metre

    $50 to $70

    $50 to $70

    Sales turnover range (labour and materials)

    $255,500 to $357,700

    $385,000 to $539,000

    Average labour charge per day

    $200 to $300 per tradesperson

    $200 to $300 per tradesperson

    Average job size (square metres)

    70

    70

    Jobs completed per year

    73

    110

    Days to complete average job

    3

    2

    Days worked per year

    220

    220

    Concreting services examples

    Example: income below the benchmarks

    Kevin and Joe run a concreting business. They work on household jobs only, providing both plain and stencilled concrete.

    Going through statements from their suppliers, Kevin estimates that they have purchased 492 cubic metres of concrete during the year. Using the benchmark concrete coverage rate and the average benchmark price per square metre, Kevin estimates a total income of $295,200 for the year.

    Kevin and Joe's records only show income of $186,700, which is well below the benchmarks. Kevin can't see any reason why their performance would be so far outside the benchmark so he contacts his tax agent for advice on record keeping.

    End of example

    Example: income within the benchmarks

    Richard runs a concreting business with one employee doing basic domestic jobs. His records show that he purchased 450 standard sheets of steel mesh in the year.

    Using the benchmark coverage rate, Richard should have laid approximately 5,400 square metres of concrete.

    Using the benchmark average price per square metre, Richard's sales should be around $324,000.

    Richard's records show reported income of $320,000, which is within the benchmarks. He is happy with his record keeping.

    End of example

    Example: income less than expected

    David and Harold are partners in a concreting business. Going through their invoices, they estimate that they have laid 3,500 square metres of concrete during the year.

    Using the benchmark average price per square metre, David and Harold estimate their income as $210,000 for the year.

    Using the benchmarks on the number of days to complete an average job, David and Harold estimate that they worked a total of 150 days.

    They compare their results to the benchmarks. It has been a busy year and David is concerned that their figures are incorrect. He reviews his diary and quote book and finds 60 days of work where he received cash payments and used the quote as an invoice. This is an additional $84,000 in income and 1,400 square metres of concrete laid.

    Recalculating their figures, David and Harold have laid 4,900 square metres of concrete and earned income of $294,000 for the year. This is within the benchmarks.

    David and Harold review their record-keeping practices to make sure they have the right paperwork when preparing future business activity statements and income tax returns.

    End of example
      Last modified: 21 Apr 2022QC 43796