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
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: