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Project Estimating
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11-19-2009, 05:16 PM
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#1 |
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Registered User
Trade: remodeling
Join Date: Nov 2009
Posts: 1
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Project Estimating
When bidding a standard remodeling job, for example a basement remodel, is there a basic formula to use as a guideline? Materials + Labor + Profit Margin? What is the average profit margin being used in todays market?
I should have been more specific. How much on average have you adjusted your anticipated profit margin per job, due to the decline in the economy, when estimating? Last edited by stylecraft; 11-19-2009 at 09:43 PM. |
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11-19-2009, 05:24 PM
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#2 |
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Pro
Trade: framing/remodeling
Join Date: Feb 2005
Location: NE Ohio
Posts: 3,696
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Re: Project Estimating
Great first post and an excellent question. I am sure it will be answered promptly. These are the kind of questions that contractors love to answer.
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11-19-2009, 05:27 PM
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#3 |
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Pro
Trade: Builder
Join Date: Jun 2009
Location: Berkshire County
Posts: 306
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Re: Project Estimating
First we need to know how thick your skin is...
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11-19-2009, 06:15 PM
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#4 | |
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Average Joe
Trade: D/B, Management, Consulting, Contracting.
Join Date: Mar 2007
Location: Toronto
Posts: 1,181
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Re: Project Estimating
Your bid should always be...
TREE FIDDY!  HA! Beat you suckers to it!
__________________
Toronto General Contractor-Renovation Blog-Contractor on Facebook-Renovation on twitter-Contractor Youtube Quote:
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11-19-2009, 06:47 PM
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#5 |
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Pro
Trade: Remodeler
Join Date: Mar 2009
Location: NW NJ
Posts: 416
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Re: Project Estimating
Oh boy, let me get my popcorn before you guys start...
Ok I am ready. |
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11-19-2009, 06:53 PM
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#6 |
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Pro
Trade: Exterior Remodeling.
Join Date: Jul 2008
Location: Wisconsin
Posts: 2,696
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Re: Project Estimating
Is this a serious question?
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11-19-2009, 06:58 PM
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#7 | |
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Pro
Trade: Licensed Electrical Contractor and Remodeler
Join Date: Sep 2009
Location: Chicago Suburbs
Posts: 7,016
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Re: Project EstimatingQuote:
__________________
220...221...whatever it takes! |
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11-19-2009, 07:03 PM
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#8 |
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Tech Geek
Trade: Property Management/Facilities Manager
Join Date: Jun 2007
Location: Feasterville, Pa.
Posts: 1,431
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Re: Project Estimating
Search!!!!
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11-19-2009, 07:21 PM
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#9 |
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David Festa
Trade: Framing Contractor
Join Date: May 2007
Location: New Jersey
Posts: 2,018
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Re: Project Estimating
TREE FIDDY!
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11-19-2009, 07:25 PM
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#10 |
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Pro
Trade: Licensed Electrical Contractor and Remodeler
Join Date: Sep 2009
Location: Chicago Suburbs
Posts: 7,016
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Re: Project Estimating
Stylecraft please come back. We would be honored to tell you if your contractor is ripping you off on the project in your home.
__________________
220...221...whatever it takes! |
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11-19-2009, 07:57 PM
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#11 | |
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Member
Trade: Roofing, Siding, Windows, Remodeling
Join Date: Nov 2009
Location: Eastern PA
Posts: 35
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Re: Project EstimatingQuote:
Depends on how well you sell yourself and quality of your work. Your profit is influenced by type of your involvement, size of your job and your experience - your profit should be 25-40%. You can not just come over here and ask how much should I charge for..... It does not work this way. Being a pro contractor you should have an idea already. Each region of USA is different, and you should know that as well. Read this: www contractortalk.com/f16/pricing-estimating-success-27899 Last edited by FlipFlap; 11-19-2009 at 08:12 PM. |
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| The Following User Says Thank You to FlipFlap For This Useful Post: | stylecraft (11-19-2009) |
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