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hoailinh86
Profit is defined as the amount of money, if any, which a contractor retains after he has completed a project and has paid all costs for materials, equipment, labor, overhead, taxes, insurance, etc. The amount included in a bid for profit is subject to considerable variation, depending on the size of the project, the extend of risk involved, the desire of the contractor might include 2 to 5 percent profit on a $1,000,000 highway paving project, when the risk is low and competition is high, whereas he might include 15 to 20 % profit, or more, on a foundationriver project, when the risk is high and there is little competition.