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Salary Survey: How do your gross margins compare to the ones reported to us?

For jobs in the $10k to $50k range, 47% of contractors surveyed were getting at least 30% gross margins


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April 8, 2015 by Steve Payne

The Canadian Contractor Salary Survey, conducted in December and January, once again gave us some really cool data on how much our contractor-readers are making, gross-margin wise.  377 contractors participated.

We have often talked about the importance of getting to 30% gross margin, given that the high overheads of contracting, including things like workers comp, will often eat you alive if your gross profit is less than that.

For jobs below $10,000, 56% of responding contractors were getting a gross margin of 30% or more.

For jobs in the $10,000 to $50,000 range, 47% of contractors were seeing gross margins of 30% plus.

For jobs in the $50,000 to $100,000 range, 36% of contractors were hitting gross margins of 30%.

And for jobs over $100,00, 28% of contractors were hitting the 30% marker on gross margin.

Here’s the full chart:

Gross margin by Size of Job