by Kurt Clayson | Nov 6, 2024
The difference between the selling price and the cost of goods or services, representing the profit earned. Maintaining a healthy margin is essential for the financial sustainability of a construction business. Calculate margin on estimates to ensure desired project... by Kurt Clayson | Nov 6, 2024
The amount added to the cost price of goods or services to cover overhead and profit. In construction, contractors apply a markup to their costs to determine the price charged to clients, ensuring profitability. Add markups to estimates to increase revenue and set... by Kurt Clayson | Nov 6, 2024
A detailed listing of all the materials required for a construction project, derived from the project plans and specifications. MTOs are essential for accurate cost estimation and procurement. by Kurt Clayson | Nov 6, 2024
The physical substances used in the construction process, such as wood, steel, concrete, and glass. The selection and quality of materials significantly impact the durability, aesthetics, and cost of a project. Save material prices as templates for future use using... by Kurt Clayson | Nov 6, 2024
The process of quantifying dimensions, quantities, and capacities of construction elements. Accurate measurements are critical for cost estimating, ordering materials, and ensuring the project adheres to design specifications.