Calculate the perfect price for your projects to ensure profitability
Free tool by ThePocketBoss - The all-in-one contractor business software. Price your jobs right, track actual costs vs estimates, and generate professional invoices with our contractor invoicing software.
Include all wages, benefits, and labor burden
All materials, supplies, and equipment rental
Insurance, tools, vehicle, office expenses (typically 10-20%)
Your target profit percentage (industry average: 15-25%)
Most successful contractors aim for a net profit margin between 15-25%. However, this varies by trade:
Markup is the percentage added to your costs to determine price.Margin is the percentage of the selling price that is profit. A 25% markup equals a 20% margin. Use our markup vs margin calculator to see the exact conversion, or try the contractor estimating software to build accurate quotes every time.
ThePocketBoss tracks your actual project costs, compares them to estimates, and helps you identify where you're losing money. Use the job cost calculator to estimate individual projects, then figure out your ideal contractor hourly rate and break-even point to make sure every job contributes to your bottom line.
Stop guessing and start knowing. Track every expense, compare estimates to actuals, and improve your profitability with every project.
Only $19.99/month • 14-day free trial • Cancel anytime