Project Pricing Calculator
Builds a project price from your estimate, with a contingency and a target margin.
Share sends a link that reopens these numbers. Copy details pastes the full breakdown as a list.
The formula
cost = hours × rate × (1 + contingency) + expenses price = cost ÷ (1 − margin)
Margin is profit as a share of the price, so the cost is divided rather than multiplied. Contingency is added to labour and not to expenses.
What to watch out for
Estimate the hours, then enter the hourly rate that covers your costs or pay. Add a contingency for overruns, your expenses, and the margin you want to keep.
Frequently Asked Questions
How do I price a project?
Add up labour, contingency and expenses, then divide by (1 − margin). 40 hours at 50 with 15% contingency and 300 of expenses costs 2,600.00, and a 20% margin makes the price 3,250.00.
What is the difference between margin and markup?
Margin is profit as a share of the price, and markup is profit as a share of the cost. A 20% margin is the same as a 25.00% markup.
Should expenses have a contingency too?
Here the contingency only goes on labour. If your expenses are uncertain, enter a higher estimate for them.