Giving Accurate Quotes Using Quoting & Estimating Software
Overview
A good estimate of the project's scale will help to preserve your profit margins while increasing your cost savings. Small businesses can use the services of larger companies, but they often need to do it on their own which can be time-consuming. No matter the size of your company, quoting software such as QuotingCentral will allow you to give an accurate quotation in no time.
A brief look at the material estimate
Quantity takeoff is another name for material estimation. It is used to determining the quantity of materials required to complete a project. This could refer to labor costs, equipment, or other indirect costs.
Who is the owner of the quoting process?
An estimator is used in large businesses, while small builders or contractors use their estimates. It is difficult to provide a complete quote. Often, an industry expert will do it. Unfortunately, this can lead to inaccurate quotes and loss of profit. Using quoting software such as QuotingCentral enables the different trades involved in the quotation process to individually provide their estimates while the project owner ultimately compiles the complete quote covering prices from all trades involved.
What time is the best time to give a quote?
Material estimates should be completed before any operational work to understand if the project is feasible or not.
Once the feasibility study is complete, an accurate quotation can be created. It would be best to discuss the project budget with your client at this stage.