How It Works
Three simple steps to get accurate calculations
1
Enter Materials & Labor
Input material costs with markup and estimated labor hours at your rate.
2
Add Overhead & Profit
Set your overhead percentage and target profit margin.
3
Include Contingency
Add a contingency buffer for unexpected issues and job complexity.
4
Review Your Bid
Get the final bid price with breakdown and risk-adjusted quote.
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Frequently Asked Questions
What markup should electricians use on materials?
Standard materials markup is 15-35%. Specialty items (panels, high-end fixtures) can be 25-40%. Common supplies may be 10-20%. Factor in warehousing, handling, and warranty. Lower markup on customer-supplied items.
How do I calculate electrical labor rates?
Journeyman electrician billable rates: $65-95/hr residential, $85-125/hr commercial, $100-150/hr industrial. Start with tech cost (wages + burden), add overhead allocation, then profit. Most fall in $75-100/hr range.
What overhead percentage should electricians use?
Most electrical contractors use 12-20% overhead. This covers vehicle, tools, insurance, licenses, office, and unbillable time. Track actual overhead and adjust. Under 15% may mean you're underestimating true costs.
How much contingency should I add to electrical bids?
Residential: 5-10%. Commercial/remodel: 10-15%. Complex/old building: 15-20%. Contingency covers hidden junction boxes, code surprises, and material price changes. Better to build it in than eat the cost.
How do I price complex electrical jobs?
For complex jobs: add 5-10% to labor hours, increase contingency to 15-20%, and consider fixed-price vs. T&M. Panel upgrades, whole-house rewires, and commercial projects need thorough walk-throughs before bidding.
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Results are estimates for informational purposes only. Consult professionals for important decisions.