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
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: