A $340 project cost can still need a $414.63 quote.
Illustrative example:
• 8 estimated hours + 25% time buffer = 10 hours
• 10 × $30 hourly baseline + $40 direct costs = $340
• With a 3% payment fee and a 15% target margin:
$340 ÷ (1 − 0.03 − 0.15) = $414.63
Fees and margin are...