Electrical Quote Markup Chart

Use this worksheet after the calculator result to record direct cost, overhead, markup, margin, contingency, exclusions, quote expiration, and approval owner.

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Quick reference table

An electrical quote markup chart is a calculator-led business worksheet. It separates cost, markup, margin, and scope notes before a price is sent to the customer.

Electrical quote markup worksheet

Electrical quote markup worksheet
Item	Record from calculator	Follow-up
Cost basis	Labor, material, equipment, permits	Confirm vendor and labor inputs
Pricing	Markup, margin, overhead, contingency	Check business pricing policy
Scope	Included work, exclusions, alternates	Align with customer request
Issue control	Expiration, reviewer, version	Approve before sending

Quote risk and margin review

Quote risk and margin review
Quote lane	Record on worksheet	Why it changes markup
Labor risk	Access, overtime, crew availability, rework risk	Higher field uncertainty may need separate contingency
Material volatility	Vendor quote date, lead time, alternates	Old material pricing can erase margin
Scope boundary	Exclusions, allowances, customer-provided items	Markup cannot fix unclear scope
Approval control	Reviewer, version, expiration, customer deadline	Pricing should be tied to a controlled issue package

Formula basis

Margin percent = (selling price - cost) / selling price x 100.

Cost is the direct and allocated cost basis used by the calculator.
Selling price is the customer-facing price before taxes or other excluded items where applicable.
Markup is added to cost, while margin is measured against selling price.
Exclusions and alternates keep the quote scope aligned with the calculation.

Worked examples

Service quote markup recordRecord direct cost, overhead, markup, margin, contingency, exclusions, quote expiration, and reviewer before issuing the customer price.

Service-panel replacement quoteKeep labor cost, utility coordination allowance, permit note, material quote date, markup, margin, exclusions, expiration, and approval owner together before sending the quote.

Assumptions. Balanced load and line-to-line voltage assumptions behind this chart.

Pricing decisions depend on market, labor availability, risk, contract terms, taxes, and business policy.
The worksheet supports quote review and does not replace a contract or accounting review.

Code and standard notes. Planning limits that should be checked before final equipment selection.

Use this chart as a comparison worksheet; verify labor cost, vendor quotes, permit assumptions, scope exclusions, customer requirements, business policy, and finance review before issuing a quote.

How to use this chart

1Record cost basisWrite direct cost, overhead, markup, margin, contingency, and alternates.

2Keep scope attachedDocument included work, exclusions, customer assumptions, and site limits.

3Route approvalUse the chart to assign quote review, expiration, and version control.

Worksheet checklist. Record source basis, review gaps, and assumptions before using the chart result.

Capture costsRecord labor, material, equipment, permit, and subcontractor cost.
Capture priceWrite markup, margin, contingency, selling price, and expiration.
Capture scope controlsList exclusions, alternates, assumptions, reviewer, and customer notes.

Common mistakes to avoid. Review these before turning chart current into an equipment decision.

Confusing markup with margin when reviewing price and profit.
Sending a quote without scope exclusions and expiration.
Raising markup to cover unknowns without documenting the specific labor, material, permit, or customer-scope risk.

Frequently asked questions

These answers explain how to use the chart without turning a quick reference into a final design decision.

Why show both markup and margin?

They answer different questions. Markup is added to cost, while margin is profit as a share of selling price.

Why include quote expiration?

Material and labor inputs can change, so the price should be tied to a review date and version.