To effectively price your contracting jobs, you need to consider a breakdown of your costs, including labor, materials, and overhead. A common approach is to establish your hourly wage, which ranges from $50 to $150 per hour depending on the complexity and type of work you’re doing.
Begin by estimating how much you want to earn per hour and add your overhead expenses, which can be anywhere from 25% to 54% of your total revenue. Finally, don’t forget to factor in your profit margin to ensure you're not only covering costs but also making a profit.
