I work for an interior finish trades contractor--drywall, metal studs, acoustical ceilings, etc. I try to mark up between 18 and 20%. But hard times bring everyone out of the woodwork. A small munciple office renovation has 13 general contractors bidding, each with their own favorite sub. What are your odds?
The market should be wherever you can make the most money and still get the job. Companies that take work too cheap ruin it for everyone. My boss is a fool. He'll bid a job at 2-5% knowing they'll retain 10% until the job is finished. Those margins just aren't enough cushion if something goes wrong or material prices increase.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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