I think someone has taken the hourly rate for a contractor and multiplied it up, not allowing that a lot of that cost is not earning in the normal sense, but actually has to run the business for the non -earning activities like visits for estimates or organising customer paperwork, tools, insurance etc. nor is it continuous, it also says 'some' which may include 'not many'. It is clearly intended as an eye catching headline.
Also I suspect that Hudson Contract who provide the figures does not deal with the sort of one or two man outfits that do ex council house repairs and add ons and the odd rewire, which I suspect form the vast majority, but are looking at the rates of the larger company with an office and overheads.
I think someone has taken the hourly rate for a contractor and multiplied it up, not allowing that a lot of that cost is not earning in the normal sense, but actually has to run the business for the non -earning activities like visits for estimates or organising customer paperwork, tools, insurance etc. nor is it continuous, it also says 'some' which may include 'not many'. It is clearly intended as an eye catching headline.
Also I suspect that Hudson Contract who provide the figures does not deal with the sort of one or two man outfits that do ex council house repairs and add ons and the odd rewire, which I suspect form the vast majority, but are looking at the rates of the larger company with an office and overheads.
