Construction management software BuildOps raises $50M

Construction management software developer BuildOps has raised an additional $50 million in funding, the company announced on May 18, bringing the company’s total financial backing to $100 million. The round was led by Fika Ventures and former Twitter CEO Dick Costolo’s 01 Advisors. Costolo also joined BuildOps’ board of directors read more

Steps for Writing a Contractor Quote

One of the biggest parts of the job as a contractor is providing quotes. After all, customers and leads want to know what they can expect to pay for work, especially when jobs are large and complex. If you’re a contractor who struggles with providing quotes, below are some steps you can take to make writing a contractor quote easy and fast:

Consider Flat-Rate Pricing

Flat-rate pricing is a type of pricing strategy that involves charging the same fee for different services regardless of variables. Not every contractor is comfortable with flat-rate pricing, and this kind of pricing scheme does have its drawbacks. For example, if you choose to use flat-rate pricing instead of hourly pricing, you can end up getting paid less per hour on large jobs that end up being more work than you bargained for.

The benefit of flat-rate pricing, however, is that it allows contractors to write quotes without having to spend a lot of time thinking over the details. For instance, if you charge a certain amount to install a door frame, flat-rate pricing means you charge one rate for this service, even if a job takes an hour and another job takes 15 minutes.

Use Bidding and Estimation Software

Bidding software for contractors and estimating apps can help you out when writing quotes. Bidding software for contractors can give you a good sense of pricing in your market for various contracting services, and estimation apps allow you to plan out your pricing ahead of time to provide accurate quotes. Many apps designed for these tasks also come with additional features that can make managing your contracting business easier.

Include an Expiration Date

When writing your quote, include an expiration date. There are two reasons to do this: First, it builds a sense of urgency to encourage the customer to act quickly. Second, it ensures that a customer doesn’t come back to you in a year expecting to pay the same price. A lot can change in the course of even a few short months, and you may place yourself at a disadvantage if you choose to honor outdated quotes.

Read a similar article about contractor invoice app here at this page.