Bid Situation 6

Actual overhead to date

$80,000.00

Actual overhead money collected

$93,907.00

Excess overhead money

$13,607.00

15% overhead markup for Bid 4

$16,271.00

$16,271.00 - $13,607.00

$2,664.00

Minimum profit at 15% risk

4,260.00

Material with sales tax

$77,206.00

Labor with taxes and insurance

$28,402.00

Job expense

$2,863.00

Direct job costs

$108,471.00

Overhead

2,644.00

Contractor’s cost

$111,135.00

Profit

4,260.00

Bid price

$115,395.00