Do I have to have a budget in order to create estimates?

Yes, you do.  Your budget is what LMN is going to use to make sure you're covering all the costs of the job:

  • Labor - incl. wages, overtime, downtime, taxes/burden
  • Equipment - incl. both leased and a fair return on owned equipment
  • Materials - incl. warranty + shipping
  • Subcontractors
  • Overhead - incl. all non-billable costs specific to your company
  • and, of course, a fair Net Profit

Without an operating + overhead budget, you can only guess/hope that each job is priced correctly

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