What are you target profit margins for camera install jobs?
I realized recently that I may be terribly underpricing myself. To give an example, there was a 30 camera install to cover the exteriors of 3 apartments buildings. I priced it out with a (hopeful) profit margin of $6k. In the end I didnt submit the bid as things were too busy at the time. However, I found out later that the winning bid was bout $10K more than mine and they used the same cameras I was going to use.
My problem is finding the proper mix between making enough profit that it is worth it (especially if there will be a trouble call) and not going to high to lose the job. But when I hear that someone successfully bid much higher than me, makes me think I am just losing money.
So how do you calculate what your profit margin should be? Do you do it per camera? And what is your target margin for a job (large and small).