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In order to bid a paint job you should know how to do the job. This way you will know how long it should take, what needs to be done, etc. In this case you will need to rely on the experience of others.
Start slow and track each job; hours, materials (all materials), gas, plus any tools purchased. This will form a basis for knowing what the profit should be for future jobs and if adjustments need to be made. It will take a while to get used to each job's profit margin and if your estimators do a good job it should be easy to expand, if the market is there.