Skip to content
LEAR
Back to calculations
Bid Price illustration

Construction · Pricing

Bid Price

Preview

Run any calculator free during your 14-day trial. Subscribe to save deals, export one-click PDF reports, and keep your full project history.

Subscribe to unlockCompare plans

Run any calculator free during your 14-day trial. Subscribe to save results, export branded reports, and sync across web and mobile. Billing via PayPal.

Use this to turn material and labor cost into a bid price by adding a markup for overhead and profit.

Browse all calculators

Interactive workbench

Job quote

Material+Labor×1+Markup%100

$10,000 of cost with a 25% markup is a $12,500 bid.

Step 1 of 4

Variables and units

  • Material Cost

    Total material cost for the job.

    currency

  • Labor Cost

    Total labor cost for the job.

    currency

  • Markup

    Markup for overhead and profit.

    percent

Common mistakes

  • Marking up labor only.
  • Setting markup below true overhead.

Step-by-step example

Job quote

  1. 1. Start with the example inputs

    • Material Cost$6,000
    • Labor Cost$4,000
    • Markup25%

  2. 2. Apply the formula

    Material+Labor×1+Markup%100

  3. 3. Run the numbers

    $12,500.00

    $10,000 of cost with a 25% markup is a $12,500 bid.

What this result means

A bid price of $12,500.00 covers your material and labor cost plus the markup that pays for overhead and profit. Markup is not profit margin: a 25% markup on cost yields a 20% margin on the bid. Bids priced below true overhead win work that loses money — verify the markup covers your real indirect costs before quoting.