If they tell you the formula to use will make you more profit, that’s baloney. It’s the numbers you use that determines your profit.
markup or margin
In Markup & Profit Revisited, we explain how to calculate your markup. We’re often asked if you can adjust your markup based on the length of the job.
Many contractors use a variable markup or margin to price jobs. They believe that in the construction industry you have to reduce the price to get the job.
Our newest six-hour class, based on the book “Markup & Profit, A Contractor’s Guide Revisited”, second hour, on markup and margin calculations.
If you read the two previous blog posts you know markup and gross margin. Today we'll look at one of the major mistakes made when calculating the sales price.
Yesterday markup – today gross margin. Let's look at using your gross margin to calculate the correct sales price for your work.
There’s a lot of confusion over using markup vs margin to price jobs.