krisinjersey
Senior Member
- Location
- Hackettstown, New Jersey
With the company I used to work for I was told that markup was almost as complicated as estimating. You had to walk a tightrope between being overpriced and not making enough for handling and storing parts. Our price book was written by the owner and refined annually to adjust for changes is cost and the addition of new parts. Anything we purchased that was specific to a job but not in inventory was marked up 66%. Other parts were anywhere from 5% to 350%. Small items carried the largest increase, switchgear the smallest.
So now being on my own and trying to adapt this concept for use here, I'm lost. I can take everything up 25% and the cost seems fair but not overpriced. I can't write up a T&M ticket with 4 tan wirenuts at $.75 each. What do you guys use? Is there a better formula or is it better to use a generic percentage for everything. As I fill the estimating software with parts, I want to keep the markup accurate so I don't have to do it twice.
So now being on my own and trying to adapt this concept for use here, I'm lost. I can take everything up 25% and the cost seems fair but not overpriced. I can't write up a T&M ticket with 4 tan wirenuts at $.75 each. What do you guys use? Is there a better formula or is it better to use a generic percentage for everything. As I fill the estimating software with parts, I want to keep the markup accurate so I don't have to do it twice.