Free Contractor Bid Calculator
Calculate a competitive contractor bid by adding labor, materials, overhead, and your desired profit margin. Get a professional bid total.
USD
USD
USD
%
Bid Total
$17,250.00
Base Cost$15,000.00
Profit Amount$2,250.00
Bid Total vs Labor Costs
How to Calculate a Contractor Bid
Formula
Bid Total = (Labor + Materials + Overhead) x (1 + Profit Margin% / 100)
A solid bid covers all your costs and includes a fair profit. Underestimating costs leads to losses. Make sure to include all overhead items and add a contingency buffer to material and labor estimates.
Example Calculation
A contractor bids on a job with $8,000 labor, $5,000 materials, $2,000 overhead, and wants a 15% profit margin.
- 01Base cost = $8,000 + $5,000 + $2,000 = $15,000
- 02Profit = $15,000 x 15% = $2,250
- 03Bid total = $15,000 + $2,250 = $17,250
Frequently Asked Questions
Learn More
How to Calculate Profit Margin
Learn how to calculate gross, operating, and net profit margins step by step. Understand what healthy margins look like across industries and how to improve yours.