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Faster, more accurate estimates = more money for your business

faster more accurate estimates

Faster, more accurate estimates = more money for your business

For any construction based business, the dreaded quote not only is time-consuming, but you need to have the confidence that the figures you give are going to be accurate enough to complete the job on time and within budget.

Estimating is an area that quick wins can be made within a business. The faster you can be, the more jobs you can have access to in your pipeline. With the right processes in place, you can efficiently churn out accurate quotes whilst your competitors are getting bogged down in the detail. 

 Estimating is made for Computers; that is when they are done most accurately. Why not let the computer do all of the calculations for you. Simply set it up so it will work consistently and quickly every time. Don’t fall into the trap of starting again each time. This time compounds and bleeds money within your organisation – you need faster, more accurate estimates.

 Let me put a scenario in front of you:

 There are 2 Homebuilders we know, and both build 400 Homes a year. One has 4 Estimators, and the other one has 8 Estimators. In addition, the one with four estimators guarantees a sales prospect a fully costed quote within five working days while the other one takes typically three weeks.

 Let’s break that down. It takes the company with MORE estimators TRIPLE the time to deliver the estimate; meanwhile, the company harnessing technology provides more estimates and has more potential prospects in its pipeline.

This is a classic example of how small changes can yield significant efficiency gains. The business above could generate a more substantial result with four fewer estimators on their books.

Estimating isn’t just a matter of having a shiny piece of technology in your business; it’s about integrating all of the processes within your business, so there is one clear and accurate set of data.

It’s about a complete business integration of data. It may sound like a hefty task, but it is ultimately how you future proof your business and allow technology to take on the task of generating more profit for your business.

Why do a job yourself when a computer can do it better and a lot faster and cheaper?

Contact thrive today on 1300 868 474, and let’s get you creating faster more accurate estimates, without increasing your resources.  

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