Regardless of whether the job is a contract job or a cost plus job the logic is the same.

$ Gross profit = total invoiced to date – actual amount spent to date

% Gross profit = $ Gross profit / total invoiced to date

Notes:

  • The amounts given are without tax.

  • They also represent a margin style calculation as opposed to a markup style calculation. The rest of the Buildxact system works on markup so the gross profit % in a job will be different from your markup % in an estimate even if all job costs are exactly as expected.

See more on markup here:

Did this answer your question?