Calculate your desired profit margin (typically 12–18%), apply it as a markup to your job cost, and choose the best pricing model—hourly, flat rate, or per-unit—to fit the job and client needs. Create detailed, professional estimates and avoid common mistakes. Calculating material costs, labor fees, and profit margins for electrical projects can be challenging, especially when meeting client expectations or managing revisions. Get prepared so you can submit the best quality electrical estimate. Average markup 30-50% on materials. Key factors: job complexity, permits required.