The cost of fuel has stedily increased over the past three years. For landscapers, this means it costs you more each time your trucks roll out and your mowers fire up.
Fast Fuel Facts:
- 47% of contractors struggle to control their fuel costs
- Fuel accounts for 30% of fleet operating exepenses
- Excessive idling can waster 1/4 to 1/2 gallon of fuel per hour.
Commercial auto insurance costs around $750 to $1,200 per vehicle. Rates can increase dependig on accidents and driving violations. Contractors who are always on the go are at a higher risk (40% of motor vehicle accidents are work-related). An accident that includes damage to both a person and a vehicle increases insurance by 33%.
Labor is the largest cost for contractors with most landscapers spending at least 35% of revenue on labor. Labor-intensive companies (like landscape maintenance contractors) spend more than 50% in many cases.