If you’ve been in this game a while, you’ll know that a successful project depends on clear communication, mutual understanding, and efficient management.
Yet, one of the most common pain points between builder and client is a lack of transparency on project pricing and management. This disconnect can lead to misunderstandings, disputes, and ultimately, project delays and financial losses. This isn’t good for business, your pockets, or your reputation.
In this article, we’ll delve into why it’s essential for the industry to adopt a pricing system that’s understood by both parties. We’ll also look at the benefits of utilising smart technology like ProntoCalc to make sure every project stays on track, on time and to budget.
The importance of a common pricing system:
Transparent pricing requires a process that is easily understood by both contractors and clients. It is this that lays the foundation for a successful project. It fosters trust, minimises disputes, and ensures that everyone is on the same page from the outset. According to a study by Construction Executive, 74% of building projects run over budget due to inaccurate initial estimates and poor communication between the builder and the client. This staggering statistic highlights the critical need for a pricing system that promotes clarity and alignment.
The benefits of a shared management system:
Efficient project management is another key factor in ensuring the success of any project. When contractors and clients have access to a shared management system, it streamlines communication, enhances collaboration, and facilitates timely decision-making. With a user-friendly platform like ProntoCalc, contractors can produce detailed project quotes and budget reports in a matter of minutes – while clients can review and approve them in an instant. This level of transparency and efficiency not only saves time and reduces admin, but it also fosters stronger client-contractor relationships and increases the likelihood of prompt payment.
Overcoming the fear of using smart technology:
While the benefits of smart technology in construction are undeniable, many builders still shy away from embracing it. This is due to perceived complexity or unfamiliarity, you can read more on this topic here.
However, platforms like ProntoCalc are designed with simplicity and user-friendliness in mind. With its straightforward data entry system and easy-to-use interface, ProntoCalc makes it easy for builders to adopt technology and reap its benefits without hassle. By providing a 16-page PDF output detailing all aspects of a build, ProntoCalc empowers contractors to produce professional and accurate estimates and provide constant reports and updates at the click of a button – saving time and improving profitability.
What’s the next step?
Ready to experience the benefits for yourself? We’re offering a 14-day free trial for ProntoCalc – our straightforward app helps you produce a 16-page document detailing all the essential aspects of your project. It saves you time and provides an honest and professional method of producing quotes and budget reports. Why not give it a try?
About ProntoCalc:
ProntoCalc is a web-based build cost calculator designed for Builders, Architects, and Homeowners. The application aims to save time and provide a professional method of producing quotes and budget reports, ultimately helping users achieve efficiency and profitability in their construction projects.
Want to know more? ProntoCalc founder Nick has been a builder for over 30 years and is dedicated to helping builders like himself get access to the tools and methodology they need to make their day-to-day work easier, and more profitable – feel free to ask him anything.
