Bidding Jobs..

[Dingojoe]

Guys I'm new to the field and I'm trying to learn all I can to make a profit and satisfy the customer. What bidding formulas are out there and which one's are the best? Do you prefer one over the other?

Thanks,

[White Gardens]

I just have been feeling out the market. I look at a job and think about what the total cost is for the market. I take that idea and adjust my bid accordingly to make it come out right.

I always add around 25% or more for materials. I also add extra labor hours than actual to cover any hidden or unexpected costs. Once I have the final bid I add around 5%- 10% extra to again make sure I'm covering my butt for unexpected cost. So far it's worked OK, and I make a profit off of jobs. Sometimes I'm a little more expensive than the rest, but luckily I have good customer relations, and I'm told I do exceptional quality of work, so people don't mind paying for it.

Ultimately, I try to give my customers at least 100%-200% return in property value, and I make sure they know that. I have a real-estate agent I work with that helps confirm that for me and my customers.

When It comes to the smaller jobs with mainly labor, I just try to give them an estimate on time for the project.