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Every detail of the project should be noted, including the cost of the materials, start and finish dates, and hourly rate. Your quote should also include factors like disposal or dumpsters, permits, and portable toilets ? as well as the contracting company's labor rate.
Gross profit margin (GPM) is the amount you add to an estimate to cover your overhead and profit. It is calculated as a percentage of project costs. ing to Remodeling magazine, GPMs need to be 35% to 38% on average. However, some years are tougher than others, causing contractor margins to fluctuate.
Interview a Handful of Contractors When speaking with them, focus on how they handle the bathroom renovation process, the scope of projects they've handled, whether they have insurance and the proper license, and the warranties they offer. Also, ask about discounts or specials you may qualify for.
Average Estimated Cost to Remodel a Bathroom Per square foot price generally becomes $110 to $300. On the other hand, if you plan to update your essential fixtures for a small bathroom, the cost will range between $3,000 to $6,000. 5×7 baths redoing cost is $6,000 to $10,000.