Are you bidding your construction jobs correctly? Learn the crucial difference between margin and markup to boost your profits. We’ll show you how to reverse engineer your bids for success and maximize your cash flow. Watch now and transform your bidding strategy!
What we cover on this episode:
01:21 – Reverse engineering profit margins
03:23 – Understanding break-even point
05:45 – Markup vs. margin explained
08:55 – Defining job costs
12:20 – Importance of cash-based profit
15:36 – Introducing Profit First website
18:58 – Conclusion and feedback request
LINKS
Visit the episode page at https://CarpenterCPAs.com/margin for more details and a transcript of the show.
Get the free breakeven calculator: https://ProfitFirstConstruction.com/breakeven
Join the Profit First Construction community: https://ProfitFirstConstruction.com/community
Find all episodes and related links at https://ContractorSuccessForum.com.
Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs
FIND US ONLINE
Wade Carpenter, CPA, CGMA | https://CarpenterCPAs.com
Stephen Brown, Bonding Expert | https://SuretyAnswers.com