Bid Pricing Calculator

Cost, contingency, markup and VAT at 15% — with the margin a buyer will actually see.

Your total cost (R) Contingency % Markup on cost % I am VAT registered (add 15%)

Cost—

Contingency—

Your profit—

Bid price excl VAT—

VAT—

Submit this price—

Markup is not margin

A 20% markup on cost is a 16.67% margin on the price you submit. Buyers analyse margin, not markup — and pricing as though the two are the same is how a winning bid turns into a loss-making contract.

Everything you type here stays in your browser — nothing is sent to TenderPing, stored, or logged.

Want tenders you can actually win landing in your inbox each morning? Get free alerts →