In the dynamic world of construction, time is a precious commodity, and accuracy in project cost estimation is paramount. The HomeTech Publishing House Builders Cost Estimator emerges as a game-changer, offering contractors the key to big-time savings and enhanced...
During a recent visit to Florida, I had the opportunity to spend a day at Disney World. I was astounded by the admission price! Shortly after my visit I had the opportunity to visit with a friend who once worked in marketing for Disney. I felt I had to ask how the...
Total Job Cost+Overhead+Profit=Price Once all of the factors involved in the equation required to determine the Selling Price have been determined, contractors can understand the term Mark-up and its use in the Estimating process. When contractors have identified...
Profit is the just reward for the effort and risk the contractor undertakes to produce the job. As contractors we are often buried in work to the extent that often there is no realization of what is happening in the outside world, especially when it comes to what kind...
Overhead is the sum total of the expenses required to operate a business other than job costs. Identifying Overhead Overhead is the sum total of the on-going costs associated with being in business, these are items which typically are not directly related to any...
Job Cost is the sum total of several broad categories of expenses which can be directly related to each individual project. Identifying Job Costs: 1) Labor: the contractor’s cost for compensating hourly employees which includes both the hourly wage of the...
