ECN Electrical Forum - Discussion Forums for Electricians, Inspectors and Related Professionals
ECN Shout Chat
Recent Posts
Chinese motors rated 220 v 50 hertz
by gfretwell - 07/23/24 04:45 PM
100 Definitions: Accessible 2023
by gfretwell - 07/23/24 10:12 AM
100 Definitions, Likely to Become Energized, 2023
by gfretwell - 07/23/24 10:08 AM
240V only in a home and NEC?
by emolatur - 07/18/24 01:05 PM
2023 CEU Course
by gfretwell - 07/17/24 01:08 AM
Advertisement:-Left
Recent Gallery Topics:
This is a new one
This is a new one
by timmp, September 24
Few pics I found
Few pics I found
by timmp, August 15
Who's Online Now
1 members (Scott35), 880 guests, and 26 robots.
Key: Admin, Global Mod, Mod
Previous Thread
Next Thread
Print Thread
Rate Thread
Joined: Nov 2004
Posts: 56
D
detubbs Offline OP
Member
what do you guys average as overhead as far as % on bids? and what % proffit do you guys run?

i'm confused ont he overhead %. it's easier to break it down into hourly overhead as opposed to %. how do you guys break down your overhead into job %?

don't give away your gaurded-job winning secret or anything i'm just looking for a ball-park figure for the proffit and how to turn your OH into a %.


Scott
Horizontal Ad
Joined: Feb 2003
Posts: 687
A
Member
I don't have the program but maybe I can help.

Simple example:
$25,000 OH bills
Devided by (can't find the symbol)
$100,000 Sales
-----------------
0.25 or 25%

You neeed to go off last years totals or use this years and adjust for missing months. To adjust for missing months devide your totals by the number of months you do have this year then multiply by 12.

An accountant can give you total % for the month and year to date for all your catigories.

Right now we are at 25% OH but it does not account for recievables (money due).

I can't help you with a proffit percentage. I would say that if the company is not making a proffit (after paying you) than what is it doing besides keeping you busy. To an outside person a company not making a proffit is not worth much more than equipment and something for having an established customer base.

Tom

Joined: Jan 2003
Posts: 1,429
L
LK Offline
Member
Quote:

"your gaurded-job winning secret"
_____________________________________

Quality work, with prompt service, and giving the customer more then they expected.

The low bidder may win the job, but loose the customer, a good percentage of our jobs come from customers, that had lowbid jobs done.

Once you have your operating figures, and added profit, then you are ready to bid, at you price, you may be high or you may be low, you may not win them all, but you will not lose.


Link Copied to Clipboard
Advertisement:-Right

* * * * * * *
Tools for Electricians
Tools for Electricians
 
* * * * * * *

2023 National Electrical Code (NEC)
2023 NEC + Exam Prep Study Guides Now Available!

Member Spotlight
togol
togol
NW In. USA
Posts: 421
Joined: September 2005
Top Posters(30 Days)
Popular Topics(Views)
323,673 Are you busy
247,972 Re: Forum
231,750 Need opinion
New Page 2
Powered by UBB.threads™ PHP Forum Software 7.7.5