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 - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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