Electrical reference chart
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.
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
| 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 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 |
How to use this chart
Record cost basis
Write direct cost, overhead, markup, margin, contingency, and alternates.
Keep scope attached
Document included work, exclusions, customer assumptions, and site limits.
Route approval
Use the chart to assign quote review, expiration, and version control.
Worksheet checklist
- 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
- 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.
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 record
Record direct cost, overhead, markup, margin, contingency, exclusions, quote expiration, and reviewer before issuing the customer price.
Service-panel replacement quote
Keep labor cost, utility coordination allowance, permit note, material quote date, markup, margin, exclusions, expiration, and approval owner together before sending the quote.
Assumptions
- 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
- Use this chart as an educational planning worksheet; verify labor cost, vendor quotes, permit assumptions, scope exclusions, customer requirements, business policy, and finance review before issuing a quote.
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Frequently asked questions
These answers explain how to use the chart without turning a quick reference into a final design decision.