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Field glossary

Markup

The amount added on top of cost, as a percentage of cost. A 25 percent markup adds a quarter of the cost to the price.

Used across 3 Anvilfield field guides, most in HVAC.

Also defined as

  • Landscaping: A percentage added to cost; a 50 percent markup is about a 33 percent margin
  • Concrete: The percentage added to cost; not the same as margin

Where this shows up

HVACOverhead recovery and bid markupLandscapingLandscape estimating and biddingConcreteConcrete estimating and takeoff

Related terms

MarginContingencyOverheadProduction rateTakeoffBurdened labor rateCubic yardLabor burden

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