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Markup and Margin

Markup and Profit - Revisited

In order to succeed in a construction business, you have to be able to price your jobs to cover all labor, material and overhead expenses, and make a decent profit. But calculating markup is only part of the picture.

If you're going to beat the odds and stay in business – profitably, you also need to know how to write good contracts, manage your crews, work with subcontractors and collect on your work.

In this hands-on manual, "Markup & Profit, A Contractor's Guide Revisited", Michael Stone, a highly-successful contractor, lecturer and construction consultant, explains the differences between markup and margin, and how to use both to calculate the correct sales price for your company. He explains, in simple layman's language, why the price of most construction projects must be based on the cost of the project, when almost every other business can set their prices based on the market. You need to be profitable, not competitive.

"I attended Michael Stone's seminar 12 years ago and I got the first book. Thanks to this book and the seminar, I am still in business." - Lech Kozubek, Kozubek Construction, April 2012

This book covers the business basics of running a construction company, whether you're a general or specialty contractor working in remodeling, new construction or commercial work.

Here, you'll find tried and tested formulas that guarantee profits, with step-by-step instructions and easy-to-follow examples to help you learn how to make your business a success. You'll learn how to:

  • Calculate your full overhead
  • Price your work at the proper markup
  • Maintain a stable cash flow
  • Figure all your job costs
  • Estimate your breakeven point
  • Recognize warning signs in your business
  • Compute a fair wage for yourself
  • Collect on your work

In this updated and expanded edition of the top-selling original, Mr. Stone covers new ground. For both existing and startups, he provides the keys to a profitable business. The principles outlined here apply to all construction-related businesses. If you're going to beat the odds and stay in business – profitably – you need to know how to:

  • Write good contracts
  • Hire the right employees
  • Create punch lists that work
  • Maintain relationships with subs and suppliers
  • Deal with unhappy clients
  • Make it through tough times

Blank copies of the forms, worksheets and samples featured in the book are available for free download and use by your company.

Markup & Profit, A Contractor's Guide Revisited

"Markup & Profit Revisited", Retail price $47.50

Autographed copy of the printed book. 8-1/2" x 11", 336 pages

"Markup & Profit Revisited", eBook version, $39.95

eBook in both .epub (most eReaders) and .mobi (Kindle) format

"Markup & Profit Revisited", $62.50

You'll receive the printed book AND the eBook format. The eBook is in both .epub (most eReaders) and .mobi (Kindle) format

Autographed copy of the printed book. 8-1/2" x 11", 336 pages

Learn more about the class based on the book here)

Tell Us What You Think!
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Most important book you will read this year!
Jim Norman
Markup & Profit should be considered the bible of the remodeling industry. You are an absolute fool to not own this book and still consider yourself a contractor. I highly recommend Michael's book - you will not be sorry!
Posted at 7:15:pm 05/02/12
Was this comment useful?(2/4 people think so.)
Ben
I am excited to read this book. However I do have a few questions. I am the estimator for a natural turf sports field company, before that I estimated for a custom home builder. How well will this book apply to custom construction like sports fields? And does the 1.72 capture depreciation of equipment like large ticket tractors without cutting profit?
Posted at 8:42:am 01/24/12
Was this comment useful?(12/26 people think so.)
Mark Up and Profit - we need this more than ever.
noah lamont
I have had a copy of Mark Up & Profit for more then 4 years. I read it when I bought it, and review parts as I feel the need.

In today's business environment we need to be careful. It is better to not take on 'busy work'. Busy Work will damage your business and may kill it if you are unlucky that month. This book will keep us grounded in reality.

Slow down has prompted me to look once again at Handyman marketing as my specialty trade work is down. You can bet I will review this book again.

I came here looking for estimaitng software and was reminded to first use these lessons. Then plug in my numbers.
Real Person - Noah Lamont Lamont's Woodbury Glass 651-755-3000
Posted at 3:52:pm 03/05/11
Was this comment useful?(176/342 people think so.)