HPAC Magazine

How Much Are You Charging?

Results from our 1st national survey on charge-out rates and business conditions.

July 25, 2022   Logan Caswell

Welcome. This marks HPAC magazine’s first-ever nation-wide Charge-out Rates and Business Conditions Survey, and we were delighted to receive over 150 responses from HVAC and plumbing contractors from coast-to-coast.

As you will see in the accompanying report, the participating companies represent a valid reflection of the industry in Canada, with almost 60% of our respondents representing contracting companies with fewer than 10 employees and 97% with under 75 employees.

Our intent with this survey is to capture a snapshot of the industry and share a barometer of how services are being costed across the country and discover how contractors are adjusting to post-pandemic business conditions and current economic realities.

Among the results, we discovered that over three-quarters of our respondents take on apprentices, and that the pandemic hasn’t had too much of an effect on our survey takers ability to keep apprentices under their wings.

Also, more than a quarter of our respondents cited no change to company revenues since the pandemic began, and over 43% report an increase in revenues since March 2020.

We fielded our survey over the month of May, 2022, and if there are a few things this process has taught us, it’s how businesses are seeing a clear shortage in product availability and higher product pricing. Respondents also indicated the challenge in attracting more skilled workers, an ongoing dilemma for the skilled trades.

Our hope is to make this survey a recurring item, so if you have suggestions for how we can provide even greater insight into how the HVAC and plumbing industry is doing in Canada, please feel free to reach out to dpicklyk@hpacmag.com. We would appreciate your input.

Of course we would like to thank the sponsor of this year’s survey, Procore, for helping us bring you these results. We all rely on our industry partners to help us bring you news and information.

And of course, thank you again to the over 150 people from across the country who took five minutes out of their days to reply to our completely anonymous survey. We wish everyone the best for the year ahead, and we look forward to more insights next year.

For more information on the survey, visit hpacmag.com.

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