I finally figured out why my estimates were always low

For like 2 years I was losing money on jobs and could not figure out why. Then I sat down with my uncle who does bigger commercial work in Cincinnati and he looked at my numbers for 10 minutes. He pointed out I was forgetting to add overhead for things like gas, insurance, and tool wear. Now I add 15 percent for that stuff and my profit actually makes sense now. Anybody else make this same dumb mistake starting out?

2 comments

2 Comments

beth_hart6813d agoMost Upvoted

Who knew math was the real job site hazard?

terry_bailey3512d ago

Math keeps the beams from landing on your head, so maybe thank it.