What major financial categories comprise the price for a common electrical job?

The major financial categories that comprise the price for a common electrical job include labor, materials, overhead, and profit. Labor refers to the costs associated with the workforce needed to complete the job, while materials cover the tangible items required for the project, such as wires, fixtures, and other electrical components.

Overhead is critical as it includes indirect costs that are necessary for running the business, such as utility bills, rent, and administrative expenses. Profit is the margin that the company expects to earn on the job, which compensates the business for the risk it takes and provides incentives for future projects.

The balance of these components ensures that the contractor can cover all associated costs and remain sustainable, while also rewarding the efforts and investments of the business.