Pricing jobs accurately is one of the biggest challenges tradespeople face. Get it wrong, and you could find yourself barely breaking even or losing out on potential work.
For trade business owners, striking the right balance is crucial to maintaining profitability. Fergus job management software offers a smarter way to maximise profits by making pricing, quoting, and tracking costs more accurate and efficient.
- 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 recommends 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.
Fergus makes this process easier by allowing users to set default hourly rates for different job types and track time spent on jobs in real-time. This ensures tradespeople stay on track to hit their profit targets.
For electricians, plumbers and multi-trade businesses, Fergus removes the uncertainty from pricing, making it easier to maximise profit and grow with confidence.
For more free information and advice on running a successful trade business, as well as a free trial, click here
