General Contractor Pricing Guide. Learn essential tips on profit margin, markup, and taxes in our General Contractor Pricing Guide video. Build reliable construction budgets.
An Exploration of Realistic Return on Investment in Construction Estimating
General Contractor Pricing Guide – Video
In this video, we will delve into crucial aspects of construction budgeting, including:
Key Topics Covered:
- Profit Margin: Understanding how to accurately calculate profit margins to ensure a fair return on investment.
- What is Markup: Learn the importance of markup and how it differs from profit margin in the construction industry.
- How to Evaluate Taxes: Essential tips on how to evaluate and include taxes in your estimates.
Dear visitor, this video is the culmination of a comprehensive step-by-step guide that I highly recommend for creating reliable construction budgets.
Why Follow This Guide?
This method is the product of over 40 years of experience in estimating, leading fieldwork projects for third parties, and managing my own construction company. Unlike other industries, construction work cannot be standardized to a fixed cost, as every project is unique and requires a carefully crafted budget.
A well-prepared budget not only ensures a fair profit at the time of contract signing but also provides the confidence needed to proceed with the project.
Final Thoughts
I truly appreciate your visit and hope to see you in the upcoming videos where we will explore practical examples that build upon the principles discussed here.
For further reading, check out my books available on Amazon: Author’s Books on Amazon.