Input Parameters
About This Calculator
- Labor = hours × rate
- Subtotal = material + labor
- Total = (subtotal + contingency) / (1 - margin%)
How this electrical quote calculator works
Calculate your total quote by adding material and labor costs, then applying contingency and margin. The formula ensures your target profit is built in.
Total = (Material + Labor + Contingency) / (1 - Margin%)
FAQ
How to calculate a quote?
Add costs, apply contingency, divide by (1-margin%).
Typical margin?
15-25% residential, 10-20% commercial.
What is contingency?
5-10% buffer for unexpected costs.