From labor to equipment and fuel, your construction bid includes an accurate estimate of all the related project costs. But, does it account for how you are going to PAY for your employees that are not part of the project labor force, or your other general overhead like rent, office staff, your salary, insurance, debt payments, vehicle payments or other equipment costs?
It better, or the cost of that funding will come straight out of your profit or worse; be more than the profit you estimated to realize in the first place.
In this video, Scott breaks down why using a blanket markup rather than an informed profit margin on your construction bid is the biggest mistake you can make on your next bid.
