Fergus has shared job pricing advice for plumbers and other trade business owners.
- Stay on top of material costs with pricebook integration
Material costs fluctuate constantly, making it difficult to ensure your quotes reflect the latest supplier prices. Fergus solves this problem with its pricebook integration feature, allowing users to upload supplier pricebooks directly into the system. This ensures that every quote is based on the most up-to-date material costs, reducing the risk of underquoting and protecting profit margins.
- Set clear profit margins with material markup functions
Once material costs are accounted for, the next step is setting the right markup to guarantee a healthy profit. Fergus’s quote creator allows users to set custom margins and see exactly how much profit they’ll make on each job. Whether adjusting pricing based on the job type, client or business goals, Fergus automatically calculates the final price, taking the guesswork out of the process.
- Create faster, more professional quotes
Fergus not only improves pricing accuracy but also streamlines the quoting process. Tradespeople can create branded, itemised quotes in minutes, complete with clear cost breakdowns. This professional approach not only impresses clients but also helps to prevent disputes by ensuring transparency from the outset.
- Don’t forget labour costs
Many tradespeople focus on material costs but struggle to price their labour correctly. To calculate labour costs effectively, Fergus recommended following a simple formula:
- Determine Your Hourly Rate – calculate how much you need to earn per hour to cover overheads and generate a profit.
- Estimate the Job Duration – be realistic about how long a job will take, factoring in potential delays.
- Multiply the Two – hourly rate × estimated hours = labour cost.