Worryingly, there’s such a small margin of difference between doing well, staying afloat and going under. A 3% profit margin could easily be eroded. In fact 10% isn’t a comfortable cushion.
And if your quotes are accidentally inaccurate or deliberately under-priced, you’ve a much greater chance of suffering a loss. Dropping the price to win a job may also be unnecessary in the first place?
That’s why we have produced this Pricing & Profit Guide to share some tips and information on the what, where and whys of charging what the job is worth, and how to make it happen with the HBXL Estimating Service.
We want to give some serious Power to the Builder. The guide is the second in a series of guides (Creating a business plan and setting goals was the first one). So why not print off and profit from a 15 minute read.