💼 Module 6: Applying Overhead, Profit & Contingencies

Understand how to finalize your estimate by properly including overhead, profit margins, and contingencies for risk.

🎯 Learning Objectives

This module ensures you understand how to complete your estimate with financial stability in mind. Below are expanded topics:

📌 Identify Typical Overhead Categories in Electrical Work

Overhead includes all costs necessary to keep your business running, such as insurance, project management, office staff, and utilities. We show you how to factor these costs into your estimate even though they don't appear directly on the jobsite.

📌 Understand Acceptable Profit Ranges and How to Apply Them

Profit is what keeps your business growing. You'll learn what typical profit margins look like in the electrical industry and how to apply them based on project size, risk, and market conditions.

📌 Know How to Include Contingencies for Unknown Conditions

Contingencies provide a financial buffer for scope gaps, change orders, or missed items. We’ll show you how to build in smart contingency rates and where to place them in your estimate.

📌 Incorporate Markups Without Losing Competitiveness

It’s important to stay competitive while still protecting your profit. This section shows you how to layer markups for overhead, profit, and contingency in a way that doesn’t price you out of the market.

🎬 Module Video