PRIORA® JOB PROFIT ESTIMATOR
At Priora® we believe:
You are very committed to the success of your business.
You are searching for a method to truly understand and manage the cash flow of your business.
You know you should have a better working knowledge of your cash flow.
Our vision for you is: “Applying Financial Literacy®”
Priora® Job Profit Estimator is a free template that can be used effectively by business owners who often prepare bids to win jobs. Priora® Job Profit Estimator uses historical company financial information to determine a quote that will cover all costs the business estimates will be involved in a job. Then the business owner can determine a ‘profit’ based on factors relevant to that job.
Once the job is completed, actual costs can be entered to compare with the quote to determine if the estimated profit was truly realized.
Priora® Job Profit Estimator is used by tradesmen like electricians, plumbers, carpenters, etc, or any business that relies heavily on being able to bid successfully and profitably.
PRIORA® JOB PROFIT ESTIMATOR FEATURES:
Summary Page
Following the Instructions provided by the button in the upper left corner, enter the data requested in Parts I, II and III. Read More
Labor Factor
Enter the Labor Factor. This is the percentage of cost over the hourly rate. For example, paying an employee $20.00 per hour is not the only cost to the company. Additional costs include 7.65% for FICA, unemployment insurance, any benefits, etc. If these total costs are $5.00 per hour, than the Labor Factor would be 25% ($5.00 divided by $20). The true cost of the employee is $25.00 per hour, not $20.00. This labor factor carries the true cost of the employees to the Job Profit Estimator page. Read More
