Construction business
Construction bid price worksheet
Combine measured labor, quoted total expenses, allocated overhead and an explicit risk allowance into a target-margin bid price.
Your inputs
Complete the fields for your selected method. Zero means intentionally zero, not unknown. Currency selection labels amounts; it does not convert exchange rates.
How this calculation works
entered job cost = labor + quoted total expenses + allocated overhead + risk allowance; price = entered job cost / (1 - target margin)
For residential or commercial company costing. Use supplied job records, measured labor and quoted total expenses. No material takeoff, shopping list, supplier sourcing, code interpretation, engineering design or legal entitlement is provided. No material quantities or takeoff are inferred; quoted total expenses are entered as already known amounts. Risk allowance is your assumption, not a contingency recommendation. The target is gross margin on selling price, not markup on cost. Taxes and contract terms are not calculated.
What information do I need?
Use records for the same job, equipment or accounting period. Only the fields for your selected entry method are required. An unknown amount is not zero.
Input definitions and where to find them
- Measured or estimated labor tasks: Owner scope-hours, quotes, overhead and chosen risk cashamount. Owner records or explicit assumption; no account connection or maintained rate tables required.
- Task name: Owner scope-hours, quotes, overhead and chosen risk cashamount. Owner records or explicit assumption; no account connection or maintained rate tables required.
- Required paid person-hours (person-hours): Owner scope-hours, quotes, overhead and chosen risk cashamount. Owner records or explicit assumption; no account connection or maintained rate tables required.
- Supplied all-in hourly labor cost (selected currency): Owner scope-hours, quotes, overhead and chosen risk cashamount. Owner records or explicit assumption; no account connection or maintained rate tables required.
- Quoted total equipment subcontract and other job expenses: Owner scope-hours, quotes, overhead and chosen risk cashamount. Owner records or explicit assumption; no account connection or maintained rate tables required.
- Cost description: Owner scope-hours, quotes, overhead and chosen risk cashamount. Owner records or explicit assumption; no account connection or maintained rate tables required.
- Cost amount (selected currency): Owner scope-hours, quotes, overhead and chosen risk cashamount. Owner records or explicit assumption; no account connection or maintained rate tables required.
- Company overhead allocated to this job (selected currency): Owner scope-hours, quotes, overhead and chosen risk cashamount. Owner records or explicit assumption; no account connection or maintained rate tables required.
- Explicit cost allowance for your identified uncertainty (selected currency): Owner scope-hours, quotes, overhead and chosen risk cashamount. Owner records or explicit assumption; no account connection or maintained rate tables required.
- Target gross margin (%): Owner scope-hours, quotes, overhead and chosen risk cashamount. Owner records or explicit assumption; no account connection or maintained rate tables required.
Use the Where to find this value controls beside the inputs for available work-it-out helpers. Estimates remain your assumptions; a helper does not verify the source figures.
Worked example
Example amounts use US dollars (USD).
Example answer: Required selling price is $10,000.00 for the illustrative inputs below.
Example inputs
- Measured or estimated labor tasks
- Task name: Task A
- Required paid person-hours: 100.00 person-hours
- Supplied all-in hourly labor cost: $35.00
- Quoted total equipment subcontract and other job expenses
- Cost description: Expense 1
- Cost amount: $2,000.00
- Cost description: Expense 2
- Cost amount: $1,000.00
- Company overhead allocated to this job: $1,000.00
- Explicit cost allowance for your identified uncertainty: $500.00
- Target gross margin: 20.00 %
- Required selling price
- $10,000.00
- Total cost
- $8,000.00
- Gross profit
- $2,000.00
These illustrative values are not recommended rates or industry averages. Replace every example input with your own figures.
Use the result well
Price supplied scope-cost at target margin.
Keep inputs on the same scope and time basis. Calculations retain precision internally; displayed values generally round to two decimal places, with extra precision for very small values and whole-unit rounding where required. Economic comparisons describe your supplied assumptions and do not guarantee future results.
This tool provides business arithmetic. It does not approve engineering designs, establish legal or tax treatment, select equipment or certify safe operating conditions.