How to price jobs properly - formulas that actually work

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Been in the trades for a while and seen a lot of guys underbid jobs because they didn't calculate labor correctly. Here's what works for me: **Labor Pricing Formula:** Take your hourly wage + overhead + profit margin = true hourly rate. Then multiply by the estimated hours, not just what you think the job is worth. **Material Markups:** Most guys mark up materials 10-20%. Wrong approach. Mark up based on what the material actually costs to handle - cheap stuff = higher markup (25%+), expensiv...