Your direct costs for a given project are $520,000. If you apply a markup of 18%...
Your direct costs for a given project are $520,000. If you apply a markup of 18% to cover field indirect costs and home office overhead and want to make a 10% profit, what would be the total amount of your bid?
Homework Answers
Answer
--Indirect cost = $ 520000 x 18% $ 93,600
--Profit = ($ 520000 + 93600) x 10% = $ 61,360
--Total amount of bid = $ 520000 + 93600 + $ 61360
= $ 674,960
Answer
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