Thank you so much for this information I came across this video for my business and luckily enough we are a waste removal company so it tied in perfectly we have a bid to apply for tomorrow so this will defo help in breaking down the costs of the operation! Although we will be looking at 20-30%profit margin on top of the total costs 😁
What would you say about providing discounts for longer-term contracts? The reason I ask this is because we are a private security, and private police officer for and we offer discounts to our private Business clients for longer term. For example, in the private security business, the standard margin to charge is between 30 and 35%. What I like to do is for a one-year contract give them 15% margin, 12% margin for 2 years contract, 9% margin for 3 years contract and 6% for a four year contract Would offering something like 6%, 5%, 4%, at 3%, depending on the length of the contract be useful or helpful in Federal contract? Or even State contracts for that matter?
where did you get the price of $15/hr?!! for a gov job? That is a prevailing wage job and will cost minimum $45/hr! and what about the owner's payroll cost and worker's comp insurance and liability insurance and overhead, etc., at least 40% additional and that's before adding profit!
Thanks for your time im new pricing is my key concern
Thank you so much for this information I came across this video for my business and luckily enough we are a waste removal company so it tied in perfectly we have a bid to apply for tomorrow so this will defo help in breaking down the costs of the operation! Although we will be looking at 20-30%profit margin on top of the total costs 😁
Still helpful information after 3 years Anna. Thank You!
What would you say about providing discounts for longer-term contracts? The reason I ask this is because we are a private security, and private police officer for and we offer discounts to our private Business clients for longer term.
For example, in the private security business, the standard margin to charge is between 30 and 35%. What I like to do is for a one-year contract give them 15% margin, 12% margin for 2 years contract, 9% margin for 3 years contract and 6% for a four year contract
Would offering something like 6%, 5%, 4%, at 3%, depending on the length of the contract be useful or helpful in Federal contract? Or even State contracts for that matter?
Could I get an email to reach out with questions?
Great job explaining this. Thank you
Let's say you bid on a contract and the reach out and ask you for.a.quote. do.you create your.own quote or invoice adding.in.your.profit?
where did you get the price of $15/hr?!! for a gov job? That is a prevailing wage job and will cost minimum $45/hr! and what about the owner's payroll cost and worker's comp insurance and liability insurance and overhead, etc., at least 40% additional and that's before adding profit!
Relax chief. These are just examples to explain a larger concept.
this looks like it is for one ton and not 38. Am I missing something?
Awesome team! Hey Anna!
Thank you, very informative
These are great videos
Only going to make 3k profit, that not even going to cover my workers comp, insurance, and overhead... sheesh