MARGINThe margin

What is job costing

Job costing is labour, materials and other costs set against the price of that job — not a monthly spreadsheet that hides which work actually paid.

What job costing is

Job costing answers a blunt question: after labour, materials and the other costs that belong to this job, what is left? If you only look at revenue for the month, a busy week can still be a bad week.

The unit is the job. Not the week. Not the crew. The bathroom exhaust and four downlights at 14 Oak Street either made money or they did not.

The three buckets

Keep the buckets boring. Fancy categories are how costs go missing.

  • Labour: hours on the job, including travel if you actually charge it that way
  • Materials: what you bought or pulled from the van for this scope
  • Other: call-out, parking, permits, subcontractors — anything that would not exist without this job

Margin is not markup

Markup is what you add on top of cost to get a price. Margin is what is left after cost as a share of the price. Mixing the two is how a quote looks healthy and the invoice does not.

Run the numbers on paper or in the profit margin calculator before you send the quote. Do not invent an hourly rate you do not use. Use your own.

When costing happens

Before the quote: a planned cost. After the job: actual hours and receipts. The gap between those two is the lesson. If you never record actuals, every future quote is still a guess.

A marked example lives in the how-to-price-a-job guide — same Oak Street bathroom, same documents. Costing is the arithmetic behind those papers.

Use the next page

FAQCommon questions

Common questions

Do I need software to cost a job?

You need a habit. A calculator and a quote template are enough to start. Software helps when hours and receipts already live on the job, so you are not retyping them on Sunday.

Should I include overhead in job costing?

Put van, insurance and office in a separate overhead recovery — a markup or a monthly allocation — so a short call-out is not pretending to carry the whole business. Do not hide overhead inside a made-up labour rate you cannot explain later.

What if I do not know the hours yet?

Then it is an estimate, not a quote. Cost the known materials, range the hours, and say so on the page. The related links below include the quote-vs-estimate guide.

Check the margin before you send it

Use the calculator, then write the quote so the hours still have somewhere to live.