How contractors lose their profit margin to hidden costs

Name: How contractors lose their profit margin to hidden costs
Duration: 65 s
Description: The third-third-third rule explains why contractors often have nothing left after paying staff and overhead due to unbid expenses.

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Contractors often follow the classic thirds rule — a third for profit, a third for overhead, a third for cost of goods — but those small, unaccounted expenses that pop up during a job quietly eat away at the profit margin. TJ discusses why so many hardworking contractors end up with little to show at year's end and how proper bid accounting can protect that bottom line.

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