Free calculator · For HOA vendors
What should we bid for this HOA contract?
32 visits a year, 12 worker-hours a visit at a $28 cost per hour, $45 of travel a visit, $4,500 of materials a year, 15% overhead and an 18% margin.
Bid $23,410 a year, $1,951 a month. Your cost is $19,196; between $22,064 and $24,930 keeps your margin from 13% to 23%.
Labor is your worker-hours per visit at your own cost per hour. Add travel and equipment per visit, over the year, and the year’s materials.
Overhead is the share you add to cover the office, insurance and equipment wear.
The bid is that cost at the margin you choose, where margin is profit as a share of the price. The range is the same cost a few points of margin either side.
Margin is profit as a share of the price; markup is profit as a share of the cost. A 20% margin on $80 of cost is a $100 price, which is a 25% markup.
By scope as much as price. Write down what each visit includes, so the board can compare like with like.
Boards budget by the month and the year. The page gives the yearly bid, the monthly price and the price of one visit, so you can quote whichever the board asks for.
Boards on Rebel HOA keep every vendor’s bills and payments on one record.