Construction Subcontractor Bidding: Margin vs Markup

Accurately estimating the markup on your bid is critical for construction contractors, but many contractors don’t know how to estimate the markup they’ll need to cover job costs plus overhead and still turn their projected profit margins. In this video, Scott explains the relationship between markup and margin, and how to accurately estimate your markup.
Our Guide to Determining Margin and Markup: gallery.mailch...
A few more resources on bidding and profit margin:
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[@Constructacademy]

Really useful video. Great content, thanks for taking the time to make this. Viewing from the UK, all entirely relevant to our industry here 👍

[@MobilizationFunding]

Awesome, thank you!

[@rdcochrane1746]

Totally relevant and I'm in China ... thanks for the posting

[@MobilizationFunding]

We're glad you found the video relevant! Thanks for watching and commenting.

[@Looooongboardallday]

Awesome content

[@MobilizationFunding]

Thanks!

[@je8z6x]

So do we use the mark up for cash flow?

[@everydaybladesinc]

My company has a mandatory 100% markup.

[@pcastrejon23]

👍

[@EricFeldtJrProTexRemodeling]

We take all project costs. Labor, fuel, materials and comissions X 2. That's Gross Margin

[@raisetheline]

So if your costs are 700k the total job would be 2.1 mill or 1.4 million

[@raisetheline]

Please?