Electrical Contractor Package - North Dakota 2025

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In general, the industry standard material markup for electrical contractors is somewhere between 2X and 6X what you paid for the item. The multiplier you use will depend on your electrical companys profit goals, as well as other factors such as labor costs and what businesses or homeowners in your market can handle.
Average Electrician Cost Most electricians charge $40$120 per hour, adding up to $150$600 for most small to medium electrical tasks. The total price depends on the following factors. Home size: Jobs that require whole-home wiring or rewiring cost more for larger homes.
The average profit margin for electricians is around the 10% mark. Businesses should aim higher to mitigate the risks of running an electrical company. Additionally, construction businesses should assess their own profit margins to remain competitive in the construction industry.
License Fees ClassContract AmountFee Class A Over $500,000 per job $450 Class B Up to $500,000 per job $300 Class C Up to $300,000 per job $225 Class D Up to $100,000 per job $100
What is the Standard Markup for Electrical Contractors? The markup for electrical contractors depends on the current industry standard as well as the location of service. Generally speaking, however, the average markup is somewhere around 2x-6x what you paid for those materials.
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ing to our industry expert Bill Powers, electrical businesses should be shooting for an average gross profit margin of 65% to 67% across their services. Doing so will generally allow them to hit a desirable 17% to 20% net profit margin.

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