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blacksheep

  • Posts: 387
cost calculations
« on: June 23, 2005, 02:36:41 pm »
hi all ,when doing my costing for a job do i show my contingency/profit on the bill i give the client

Musicman

  • Posts: 249
Re: cost calculations
« Reply #1 on: June 23, 2005, 04:27:20 pm »
How long is a piece of string?

Some do, some don't.

If you're going to give a complete breakdown of the costs then by all means show the contingency/profit.

You may prefer just to give an overall price without any form of breakdown.

One of the great things about setting up on your own is that you have the freedom to run your business the way that YOU want to.
Success is where hard work meets opportunity!

blacksheep

  • Posts: 387
Re: cost calculations
« Reply #2 on: June 23, 2005, 06:23:03 pm »
did not quite look at it that way,when you help manage someone elses.thanks

martin19842

  • Posts: 1945
Re: cost calculations
« Reply #3 on: June 23, 2005, 09:58:37 pm »
hi there,

when you submit some tenders, the client wants to see the cost breakdown, and even then you are going to load the costings to show a reduced profit in the tender document.

when you go shopping, you dont know how much profit they are making on a can of beans or a loaf of bread, so why should you be any different.

your profit is for you to know and enyone else to pay the apprpriate fee to companies house to get a copy of your accounts.

regards

martin

blacksheep

  • Posts: 387
Re: cost calculations
« Reply #4 on: June 23, 2005, 10:26:59 pm »
load the costings reduce the profit, good one i will remember that one ,thanks martain

CMS

Re: cost calculations
« Reply #5 on: June 24, 2005, 06:33:47 am »
hi all ,when doing my costing for a job do i show my contingency/profit on the bill i give the client

I always put it in the quote but don't see any point in putting it on the invoice.