Pricing Jobs with Confidence
Problem
For years, this family-owned plumbing and heating company quoted jobs on experience and gut feel, with no way to know if labor rates were set right or materials were marked up enough. The bottom line said the business was working, but ownership had a feeling they were leaving profit on the table.
Solution
We built a Labor Rate Calculator that sets target billing rates for each type of employee based on wages, billable hours, overhead, and profit goals. We also helped put new processes in place to capture the data needed for true job costing, connecting their field-service and accounting systems into one view.
Impact
The company has already reevaluated labor rates for several employees and quotes new work with more confidence. With the right data now being captured, they can measure true job costing to find under-quoted jobs and see which work is most and least profitable. When a job misses, they can see exactly why.
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Data Can Do for You?
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