Bidding Out Jobs

lowell5slide

hey guys was wondering what it means to add for profit heard it before can someone help me out

jproffer

When we say something like "figure all of your cost of doing the job and then ADD FOR PROFIT to come up with your total bid price"??

It means just what it says...add whatever you want to make as profit to the cost of labor, overhead, and materials. If you don't do this you'll be breaking even on every job (theoretically...as long as everything goes perfectly...HAHAHA..as if that will ever happen)

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Jim P.

lowell5slide

thanks man what do you usually use for a margin 10 - 15% on total cost?

Cole

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Projectman

You should consider the following: 45% GM on Matetrials $ 85.00 Labor Mechanical $ 120.00 Tech
7.5% Project Management add risk factor. These numbers are current for Florida.

Projectman

You need to purchase: RS Means estimting tools... this will assist you with the local pricing.
Good Luck

lowell5slide

thanks project Ill get it this weekend