Tag

markup

2 articles tagged with "markup".

Industry GuideFeb 25, 2026

Markup vs. Margin in Construction Bids: The Math Error That Eats Profit

Markup is applied to cost to set the selling price. Margin is the profit as a percentage of the selling price. They're different numbers, and contractors who conflate them chronically underbid. A 20% markup is not a 20% margin — it's a 16.7% margin. Over a year, the gap is real money. Here's the math, the common mistakes, and the fix.

Marcus Reyes5 min read

Industry GuideFeb 15, 2026

Time-and-Materials Billing in Construction: Rates, Markups, and the Documentation That Actually Gets Paid

T&M billing is how change orders for unknown scope, emergency work, and cost-plus elements of fixed-price contracts get invoiced. The format seems simple — hours × rate + materials × markup — but the documentation, rate structure, and markup layering are where T&M bills get picked apart at audit. Here's what a defensible T&M invoice looks like.

Marcus Reyes8 min read

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Markup vs. Margin in Construction Bids: The Math Error That Eats Profit

Time-and-Materials Billing in Construction: Rates, Markups, and the Documentation That Actually Gets Paid

Ready to automateconstruction AP?

Markup vs. Margin in Construction Bids: The Math Error That Eats Profit

Time-and-Materials Billing in Construction: Rates, Markups, and the Documentation That Actually Gets Paid

Ready to automateconstruction AP?

Ready to automate
construction AP?

Ready to automate
construction AP?