Job Quote Calculator
A job quote needs more than the cost of materials and the hours on site. This adds labor, overhead and markup together, so the price covers what the job really costs before any profit is set.
- Free
- Works offline after your first visit
- Saves on this device
- No sign-up
- Updated
How it works
Labor is the hours times the hourly rate, and materials plus labor make the direct cost. Overhead is a percentage added to that direct cost, to cover items like insurance, vehicles and tools that are not tied to one job.
Markup is a percentage added on top of the cost with overhead, and the result is the price to quote. Markup is not the same as margin, which is the share of the final price that is profit.
Worked example
Materials of $800.00 and 16 hours at $65.00 an hour, with 15% overhead and 20% markup, give a quote price of $2,539.20.
Questions
What is the difference between markup and margin?
Markup is added to the cost. Margin is the share of the final price that is profit. A 25 percent markup gives a margin of about 20 percent of the price.
What belongs in overhead?
Costs that keep the business running but are not tied to one job, such as insurance, tools, a vehicle and an office. Add up a year's totals and compare them with the billable hours.
Does the quote include sales tax?
No. Tax rules differ from place to place, so add any tax yourself or ask your supplier how it applies.
More like this
- Parallel Circuit CalculatorBranch currents and total current for resistors in parallel.
- Rigging CalculatorLoad on each sling leg at a set angle.
- Carbon Equivalent CalculatorCarbon equivalent of a steel from its chemistry.
- NPSH CalculatorNPSH available at a pump inlet, for water.
- Amps to Watts CalculatorWatts from amps and volts, for DC or AC.
- Bend Deduction CalculatorBend allowance and deduction for sheet metal.