Often abbreviated as OH&P and usually calculated by applying a percentage to the total material and labor cost of the work, the total Overhead & Profit amount is the sum of its two components:

  • Overhead:  A company's general operating expenses necessary for it to conduct business, such as their facilities, equipment, and administration costs.
  • Profit:  A company's financial gain associated with the project.

Emprove's proprietary data engine includes Subcontractor Overhead & Profit in its provision for Material & Labor Costs.  General Contractor Overhead & Profit are provided for separately in the Scope List.

 

Did this answer your question?