From the course: Construction Estimating Bid Recap

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Material taxes and job taxes

Material taxes and job taxes - Accubid Tutorial

From the course: Construction Estimating Bid Recap

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Material taxes and job taxes

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- [Instructor] They say the only two things for sure in life are death and taxes. Construction projects certainly have their share of taxes. It's important to understand how to calculate and include taxes in your estimate. You should become familiar with your state and local policies involving the taxation of construction materials, construction tools, and even the direct job expenses. You see, some projects are completely exempt from taxes, such as projects being built by not-for-profit agencies or municipalities. Some other projects may get tax breaks from their state or local governments. So while the whole project may not be taxable, you still may have to add tax on the materials procured for the project. In addition to all this, even if a project is completely tax exempt, most times tool and equipment rental and consumable products such as fuel and oil for a backhoe, cutting and threading oil, rags or hand tools, even first aid kits are usually taxable because they are not…

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