Most people don't understand the costs that go into "overhead" and "profit" for a GC. Here is a good summary: Contractor's Cost Estimation and Pricing The contractor initially estimates the hard costs, which include money paid out for labor and materials required to complete the job. These costs are then marked up to determine the bid price. The markup accounts for overhead and profit.
General Contractors "Overhead" & "Profit"
General Contractors "Overhead" & "Profit"
General Contractors "Overhead" & "Profit"
Most people don't understand the costs that go into "overhead" and "profit" for a GC. Here is a good summary: Contractor's Cost Estimation and Pricing The contractor initially estimates the hard costs, which include money paid out for labor and materials required to complete the job. These costs are then marked up to determine the bid price. The markup accounts for overhead and profit.