Tag: Markup in Construction
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Estimating in Construction – Part V (Cost Drivers and Application Principles)
The core tenet of estimating in construction is that each estimate is unique. This uniqueness is driven by hard costs of construction.
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Hard and Soft Costs With Construction
A contractor must understand the difference between hard and soft costs in order to properly markup assignable costs to determine the final sales price.
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Markup in Construction – Fundamental Understanding
Markup in construction has a very simple definition, it is the amount added onto costs to create a sales price. Notice something really important with that definition, it does not define profit.