What Would You Charge - Fence Painting

bwalley

This guy is the Estimator for the company he works for, if anyone should understand how markup works it should be this guy.

Based on his prices he wants to quote on the job, he must be new at this, or he has a relative that owns the company.

NAV

here is a quick math lesson for you guys that still dont know how to mark stuff up.

to correctly mark up a number you have to divide it by the percentage that yo want to mark it up. for example to mark up 100 by 50% you would divide 100 by .5 (.5 = 50%) that

X/%=markup

if you multiply it you 1.5 you are adding .5 to it but when you do the math in reverse you only marked it up by 33%.

if it cost you $100 and you charged $150 your profit is $50. $50 if 1/3 of the total you charged so again the markup was only 33% - are you starting to understand.

so if it cost $100 and you charge $200 your profit is $100. $100 is 1/2 or 50% of the job, thus your markup is 50% - got it?

People like you guys are the reason I am getting beat on bidding work. you think you are making more money than you are. Please stop working for wages, you are hurting the larger companies that know how to add

If you have any more questions please send them to your grade school math teacher.

bwalley

Look at this, the moron is giving math lessons

50% of $20,000 is $10,000.

If you mark up $20,000 50% it will end up being $30,000.

If you don't understand that, you may want to polish up your resume.

The reason you are getting beat on jobs is because you don't know what you are doing.

How long have you been an estimator?

Does your boss know you are coming onto a web forum asking how to bid jobs?

NAV

you are wrong. by adding half of the cost to the cost you are not marking it up 50%. its a fact. read a book and you will see.

bwalley

I will type this real slow so you can understand this.


If a job costs $20,000 and you want to mark it up 50%, the mark up is $10,000.

$20,000+ $10,000= $30,000.

I suggest you remove the name of your company you are an etsimator for, because whn your boss finds out you can't do basic math and have to ask people on a website how much you should be bidding a job for, you may need to start looking for a new job.

I know in school these days teachers don't want to hurt little Johnnies feelings by telling him he is wrong, but that doesn't cut it in the real world.

dlcj

ok i can understand both sides on the markup proceedure. Normally i will do it like bwalley and add what ever markup percent to the cost. (i.e.) $100 + 50% = $150, no brainer. But sometimes if i allready have a price in mind and give it to the customer. I will then do it the way nav does $100/.5 = $200 or 50% markup. Profit is $100. Usually only 10% here. If you dont know what the cost will end up being and the customer dont mind going on a ballpark price and waiting till the end, than the first method is the way its done without ripping them off.

I know a guy who just put in about 5 miles of 10' high galvanized fence with and a heavy tarp tied to one side to hide his deer from view of the road and it was less than $250k. So yeah i think that fence can be rebuilt for 50k here.

OCRS

There seems to be some confusion here between markup and margin.

A W Smith

Not any more
http://www.contractortalk.com/f8/how...57/#post612391

__________________
Al Smith
http://www.awsmith.com

Hunnydulist

Why all the Hostility?
Isn't this site here to discuss and help each other out? that's why I joined! Everyone has their own perspective on things and EVERYONE starts at the beginning. Some guys on here look up to the seasoned to get ideas and start their business.
There is plenty to go around for ALL!
If you have nothing good to say don't say anything man! Just plain and simple don't answer the thread and move on.

Hunnydulist

my apology this was to go on the other post

Hunnydulist

Why all the Hostility?
Isn't this site here to discuss and help each other out? that's why I joined! Everyone has their own perspective on things and EVERYONE starts at the beginning. Some guys on here look up to the seasoned to get ideas and start their business.
There is plenty to go around for ALL!
If you have nothing good to say don't say anything man! Just plain and simple don't answer the thread and move on.

Ole34

paint and roll a chain link fence???? DRIP CITY and it would take FOREVER and a minute !!!! ............ your gonna have to spray, heres what you do. get a gas sprayer on the back of your truck with a 55g barrel filled with paint, you walk behind the truck spraying while a few guys hold up drops and cover the grass.... if they dont keep up with the truck spray them on the back of their necks to motivate them