Avoiding Pitfalls: Proper Bidding and Valuation

Um other than that, I've had pretty good luck with subcontractors. How could they screw you out of money if you're paying them? Um general contractors have screwed me over. Subcontractors have not. If I was a subcontractor for a general, um I one time they did screw me out of money and I live and I learn from it. Okay. What would be your your profit like your net The job that we're doing now, uh it's a $100,000 job. I'm going to sub out about 40% of it because a lot of the work is more masonry than it is landscaping or hardscaping or excavation. Take 40,000 from that 100,000 and I'm left with 60,000. And then my profit after that is going to be about 20,000, somewhere around there. Cool. About 20%? Yeah. Cool. My cost of goods sold is broke down individually by by my my materials, um my labor, my basically everything that's going to be on the job site, the equipment that I'm going to have on that job. And then the overhead is also included in there, which I have figured out for the entire year. Um and then that's broke down and divided into daily days and added on for each day that I expect to be on that job. And then I also add in my profit, and then the whatever fees or whatever else I might run into on that job itself. So, you're just you're orchestrating all this. You're finding the right people, and you're just doing it. It is going smoothly. Eventually down the road, I would like to to invest in in a secretary or someone that can kind of help out with that. Then I can spend some more time in the field along with my guys. Um but as of now, I am spending a lot of time coordinating subcontractors, coordinating with the engineers and the and the generals and and everything else, making sure my guys are on time and working as they should be. So, how do you know how to talk to all these guys? How do you How do you know what to say to without sounding like a complete buffoon? I get a lot of the same surprise, you know, what are what are you doing here? It's It's uh um How did you get to this point in your life? I'll be going out and bidding jobs and for example, last couple of weeks ago, I went out and I bid a job along with another guy who's been doing it for 30, 40 years. And he came up to me and he said, "How did you get to this point in your life, and I've been doing this for 40 years, and you have a nicer truck than me, and and I get all this this backlash and everything else." Um but but I just I basically ignore him. And I kill him with experience.…