Hello! This is my first post on here so hopefully I am posting this in the right place! My name is Ian and I'm a new contractor! I started my business about 9 months ago, so far my experience has been... decent. About a week ago I found out I've been doing this completely wrong though. I am one week from finishing my biggest job which is a whole main floor reno. New floors, trims, doors, bathroom, electrical, cabinet refinishing, counter tops and stairs! The job in total costed around $50,000 CAD, after doing some research I realised I have been doing this whole "mark-up" thing completely wrong. I would price out my labour at whatever I think it would take me to complete the tasks I would cover, subs would give me their quotes and I would add $200-$400 on top of it as a mark-up, Material I would also markup but no more then $50. After the research I did I started seeing people say for remodelling contractors they would mark-up their contract TOTAL by 1.50. When I heard this number I thought it was insane! I also heard from an experienced contractor I know in person no more then a 20% markup is competitive. So what I'm here to ask is what is a normal mark-up for a new company? I have no workers and most of the work I'm doing but I do sub in some trades. Any responses are appreciated!