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#1 |
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Registered User
Trade: Residential
Join Date: Mar 2007
Posts: 9
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Mark Up
I am going to try this a different way. Is it generally acceptable to charge my markup on to top of the materials I buy including tax. I always have but a client is contesting. If it makes any difference I am in New York. Curious how everyone else handle this stuff. Thanks.
Last edited by tmccafferty; 04-17-2007 at 06:02 PM. |
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#2 |
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Deck Cleaner
Trade: Deck Cleaning, Staining, Restoration
Join Date: Jul 2006
Location: Havertown, PA
Posts: 984
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Re: Mark Up
You are saying that he protests you marking up the tax?
Why does he know what you are paying for materials? You are doing T&M work? Tell him you have to charge him tax on materials (if you are marking materials up you should be charging tax) so he will pay it either way. |
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#3 |
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Pro
Trade: remodeling contractor
Join Date: Jan 2007
Location: Connecticut
Posts: 573
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Re: Mark Up
I'm reading Mark up and profit by Michael Stone right now. I highly suggest it.
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#4 |
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Pro
Trade: General
Join Date: Apr 2007
Location: North Jersey
Posts: 21
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Re: Mark Up
What is your original understanding? Anything in writing? Usually not on t&m. Oh well, in Jersey I have seen as low as 15% but usually 40-50%.
You could add - delivering said items, time at the store, research, etc.
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