jayrad1122
Member
- Location
- Northeast, PA
As I understand when you bid on a project you have...
Material Cost + ~20% markup
+ Man Hours x (Hourly Rate + Overhead)
+ Profit
..which determines the price of the job. I was wondering if this is correct or if there are other details that are added in. Also what determines the profit you want to make on a job? Ex. For a 200 amp service change I want $200 profit just for doing it. Or is this not what happens? I'm just trying to better understand electrical on the business side.
Material Cost + ~20% markup
+ Man Hours x (Hourly Rate + Overhead)
+ Profit
..which determines the price of the job. I was wondering if this is correct or if there are other details that are added in. Also what determines the profit you want to make on a job? Ex. For a 200 amp service change I want $200 profit just for doing it. Or is this not what happens? I'm just trying to better understand electrical on the business side.