How Do You Measure Profit On Masonry Jobs?
With any project, profitability is based on estimating your costs and subtracting that from the asking price. With masonry and construction in general, there are reputable computer programs and contractors that can measure profitability to a high degree of accuracy. However, there are always challenges. The client may request additional work, or work could go slower than estimated and overtime must come into play. Even the weather could be a factor if a project is delayed due to rain or snow. The best option for measuring profit is to estimate conservatively and seek advice from experts. Break the project down into categories, and then use past jobs or advice from experts to determine what costs may be per category. A full listing of categories could be found in most masonry resource guides or construction software. Examples are: transportation, communications, insurance, fees, supplies, small tools, salaries (management), salaries (office), salaries (field workers), taxes, and warrant
