Construction Subcontractor Bidding: Margin vs Markup
Рет қаралды 10,161
4 жыл бұрынAccurately estimating the markup on your bid is critical for construction contractors, but many contractors don’t know how to estimate the markup they’ll need to cover job costs plus overhead and still turn their projected profit margins. In this video, Scott explains the relationship between markup and margin, and how to accurately estimate your markup.
Our Guide to Determining Margin and Markup: gallery.mailchimp.com/0948c54...
A few more resources on bidding and profit margin:
- mobilizationfunding.com/2017/...
- mobilizationfunding.com/2019/...
- mobilizationfunding.com/2020/...
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@Constructacademy 3 жыл бұрын
Really useful video. Great content, thanks for taking the time to make this. Viewing from the UK, all entirely relevant to our industry here 👍
@MobilizationFunding 3 жыл бұрын
Awesome, thank you!
@rdcochrane1746 6 ай бұрын
Totally relevant and I'm in China ... thanks for the posting
@MobilizationFunding 6 ай бұрын
We're glad you found the video relevant! Thanks for watching and commenting.
@Looooongboardallday 10 ай бұрын
Awesome content
@MobilizationFunding 10 ай бұрын
Thanks!
@pcastrejon23 9 ай бұрын
👍
@everydaybladesinc Жыл бұрын
My company has a mandatory 100% markup.
@EricFeldtJrProTexRemodeling 3 ай бұрын
We take all project costs. Labor, fuel, materials and comissions X 2. That's Gross Margin
@joshuagibbs9752 2 ай бұрын
So if your costs are 700k the total job would be 2.1 mill or 1.4 million
@joshuagibbs9752 2 ай бұрын
Please?
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