Effects of Wrong Price Calculation On a Roofing Contractor |
Posted: October 1, 2019 |
Staying on the job as a roofing contractor Ann Arbor, Mi or even doing intern with a reputable roofing contractor before attempting to obtain your license automatically makes you an expert in some roofing aspect and pricing is one of them. This is not because you have some calculator running in your head but because you have witnessed and done enough job to know how to give estimates properly. If you provide an estimate and come back to ask for more money to get the job done because the initial price can’t work, you stand the chance of losing three things. Personal money Some client might be kind enough to understand that you are not a machine programmed for the sake of the job not to make any mistake. They might give you more money to get the job done. On the contrary, some might automatically think you are trying to outsmart someone by coming for extra cash. They might think you are just a smart roofing contractor looking for some extra change to keep in your pocket without the knowledge of anyone. They automatically tell you NO without hesitating. In a situation like this, you have no option than to lose some of your cash to get the job done or quit for another contractor to come and get it done. Reputation Your reputation always takes a top priority because it goes a long way to affect your business in the future. If you give a wrong estimate that appears too exuberant compared to what other contractors have been providing and your client finds out about it. You can never get a recommendation from such a person, and you can be sure he/she will be more effective than radio in announcing you to the whole neighborhood. He/she would label you as a fraud. However, if the other side of the coin happens and you end up giving a budget below the required amount. He/she is also going to do a nice job announcing to the whole neighborhood that the contractor has lots of hidden charges. He/she would practically beg everyone not to patronize you for that reason. You have to ensure your pricing is done correctly without flaws. Lose the contract Something that is never going to change about human nature is the fact that we are never going to have the same mindset. If you have about twenty people in a room, only two might possibly have a similar mindset while others have distinct ways of reasoning. Some people might tolerate your mistake and allow you to stay on the job, but some people don’t have much chill. They won’t allow you to keep working. They will get their cash back and invite a new contractor right before you even take a step out of their environment.
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