Construction · Estimating/Bidding/Takeoffs
Margin formulas
A reference sheet showing how markup and profit are calculated and applied when pricing construction bids.
What it usually contains
- Markup versus margin conversion tables
- Target gross margin percentages by project type or trade
- Formulas for applying overhead recovery to direct costs
- Rules for contingency, bond, and insurance add-ons
- Worked examples showing cost-to-sell price calculations
What the assistant uses it for
Use it to answer how a bid price is built up from direct costs, what markup produces a desired margin, and which percentages apply to a given job size or work type.
How it is versioned
A document of this type has exactly one current version at a time. Upload a revision and it becomes the version that counts — the one before it is kept and dated, but is no longer what your assistant answers from. Nothing is ever deleted, so you can always show what this document said on a given date.
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