Free Service Price Calculator

Calculate your service price based on labor, materials, overhead, and desired profit.

100% FreeInstant ResultsNo Sign-up

Enter Your Costs

Workers × hours × hourly rate

$

Total cost of materials

$

Rent, utilities, insurance, etc.

$

Amount after all expenses

$

Your Results

Service Price

$0.00
Total Costs$0.00
Profit$0.00
Markup %0.0%

Create professional estimates with accurate pricing

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What is a Service Price Calculator?

A service price calculator is a free tool used to calculate the price of your contracting service based on multiple costs, including labor, supplies, and overheads. This tool offers a precise estimate of the overall cost of service so that contractors may decide on their budget and pricing.

Calculators for service prices are available for many different services, including painting, carpentry, construction, and HVAC.

Use the Service Price Calculator to Determine:

Hourly salary of your contractors
Direct and indirect costs related to labor
Profit percentage and markup calculation
How to Calculate Service Price
Service Price = Labor + Materials + Overhead + Profit
Labor CostsNumber of laborers x number of hours x hourly rate
Material CostsTotal cost of all materials used in the contracting job
Overhead Expenses(Monthly overhead / working hours per month) x number of hours for job
ProfitAmount left after deducting all business expenses
Why Contractors Love It

Benefits of Using the Service Price Calculator

⚡

Quick Job Pricing

Quickly add up all costs to prepare an estimate. Price a job in seconds instead of minutes.

✓

Eliminate Human Errors

Automated calculations ensure accuracy. No more mathematical mistakes in your quotes.

📊

Track Costs & Revenue

See your complete cost breakdown and projected revenue at a glance.

💰

Check Profit Margins

Instantly verify your profit margin and markup percentages are where you want them.

Struggling to Find Accurate Estimates?

Use the Service Cost Calculator by InvoiceOwl to ensure accurate figures without errors and spend your maximum time delivering quality contracting work.

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Frequently Asked Questions

The accuracy depends on how accurate the data you feed in is. Mostly, the service pricing calculator shows an accurate estimate, which is why it's widely used by contractors.
You can cover all contracting services specific to your industry and calculate profit and margin for any type of job.
No, there are no hidden charges. InvoiceOwl offers this tool completely free.
You can price your contracting job by factoring in material, labor, and overhead expenses. Use these calculations to create estimates or as standard rates for recurring services.
The formula is: Labor cost + Material cost + Overhead expenses + Desired profit = Service Price
Multiply: Number of contractors required x Number of hours to complete job x Hourly rate. For example: 5 workers x 5 days x $100/hour = $2,500 labor cost.
List all materials and supplies required for the job. Include time, effort, and transportation costs when calculating material expenses.
The profit margin should typically be 10-20% of your job cost. Adjust based on your industry and talk to other business owners for average profit margins.
It lets you quickly add up all costs to prepare estimates, price jobs in seconds, eliminate human errors, add cost and revenue, and check profit margin and markup percentages.

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