Construction Bid Calculator
Build a construction bid price from material, labor, equipment, overhead, and profit margin. See the full cost breakdown.
Inputs
Results
Bid Price
$344,736.00
≈ 8 Teslas
How to Use This Calculator
- Enter the total material cost from your takeoff and supplier quotes.
- Enter estimated labor hours and the average burdened labor rate per hour.
- Enter total equipment costs (rental, fuel, and mobilization).
- Set the overhead percentage and profit margin percentage.
- Read the direct cost, overhead, profit, bid price, and fully loaded rate per labor hour.
How the result changes with Material Cost
| Material Cost | Bid Price |
|---|---|
| $1,000,000.00 | $1,372,896.00 |
| $3,500,000.00 | $4,396,896.00 |
| $6,500,000.00 | $8,025,696.00 |
| $9,000,000.00 | $11,049,696.00 |
What each input means
- Material Cost
- Total cost of all materials and supplies.
- Labor Hours
- Total estimated labor hours for the project.
- Avg Labor Rate
- Average burdened labor rate including wages, benefits, and payroll taxes.
- Equipment Cost
- Equipment rental, fuel, and mobilization costs.
- Overhead
- General & administrative overhead as a percentage of direct costs.
- Profit Margin
- Desired profit as a percentage of cost plus overhead.
What each result means
- Direct Cost
- Material + labor + equipment.
- Overhead
- Indirect costs applied to direct cost.
- Profit
- Profit markup on cost plus overhead.
- Bid Price
- Total bid amount: direct + overhead + profit.
- Fully Loaded Rate
- Effective bid price per labor hour.
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersMaterial Cost = 150000, Labor Hours = 2000, Avg Labor Rate = 55, Equipment Cost = 25000 = 6 input(s) provided
- Calculate Bid PriceBid Price344736 = $344,736
- Calculate Direct CostDirect Cost285000 = $285,000
- Calculate OverheadOverhead34200 = $34,200
Engine last updated . Checked against 2 independently-derived tests — how we verify calculators.
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