Profit Maximization for Contractors
Having an estimate based on today’s current market prices is the number one way to maximize profits as a contractor. Not only does this save time and effort but it allows contractors to give proper bids to clients. Overall helping contractors look more professional, and experienced boosts their client’s return and overall satisfaction. Although getting an estimate like this is not always simple. This is especially true when working on a property where a catastrophic event has taken place, for example, Fort Myers Florida when hurricane Ian hit in November 2022.
During these events, contractors are unable to start working on the property until months after the estimate was closed by the adjuster, leaving room for missed profits. An area with scarce resources can cause high demand for materials and labor and spike prices over time after the estimate was closed. Making the estimated value given by the adjuster at the time inaccurate. Furthermore, requiring the contractor to request a supplement on the estimate to cover and match the current market price of material and labor. After having a proper estimate contractors will then be able to maximize profits by providing an accurate bid to clients and eliminating any room for missed profit. Emerald Estimates can help give a proper supplement to match today’s current market by using Xacatime the top estimating program.
