In this video, I’m going to share with you two types of cost you’re going to want to include in EVERY bid to protect your profit margins.
1. Direct Cost
- Vendors
- Independent contractors
- Equipment rental
- Subcontractors
2. Indirect Cost
- Travel cost
- Administrative cost
- Insurance cost (general liability insurance)
You get the idea. Of course, there are more cost to be added to the list. This is to get you started with all the different type of cost you should be including when estimating a project. And it’s not to say that you will have the same line items for each project.
