Indirect costs, overhead & profit: markup vs margin
This lesson is part of the course
In this lesson
You add the job's general conditions to the direct cost, price the clinic with a markup and see why a 15 % markup is not a 15 % margin.
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Lessons in this course
- Quantity takeoff: areas, volumes, waste & order units Locked
- Unit-rate estimate: labour hours, rates, materials & equipment Locked
- Crew productivity & activity duration Locked
- Indirect costs, overhead & profit: markup vs margin Locked
- Bid summary & contingency Locked
- Progress billing & retention (schedule of values) Locked
- Change orders, cost to complete & estimate at completion Locked
- Job profitability: earned revenue & over/under billing Locked