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Understanding your price margins

Are you struggling to work out how much you should be earning based on your current price margins? Have you tried balancing the books only to find you’re not quoting enough for jobs? Or does your business’ revenue fluctuate, despite offering the same service and seeing the same, or even higher than normal, interest?

If so, this above tutorial is going to help you MASSIVELY.

How to set a price for your service.

Maybe you came off the tools a few years ago and are now basing your current quote off what you remember as a tradie.

Or perhaps you’ve been shopping around, asking others what they quote for their business.

But here’s the thing — unless you have a deep understanding of ALL the elements that eat into your time and pocket, your price quote is only ever going to be an estimate at best.

Your price quote is unique to your business alone, and is based on your labour costs, location, employees and other variables.  And unless you can carry all those variables in your head, the price you quote will only reflect a fraction of the true cost.

The hourly calculator  is going to help you calculate

Never guess again when it comes to price quotes.

Unproductive time

Wastage costs

Supply and delivery

Material costs

Tools wear and tear

Annual leave

PPE

Sick leave

Employee pay

Composite rate

Wet day loss

ACC premiums

Supervision allowance

Lump sum or charge up job

Overtime regularity

Public liability insurance

Accident response time

Fuel allocation

KiwiSaver deductions

Jury service

Licensing fees

Travel time

Free Hourly Rate Calculator

From calculating your total price quote, you’ll find your job is going to cost you up to 2-2.5 times what you pay your staff. 

With the hourly rates calculator, you can be sure you’re allowing for all of the costs of your business so as to arrive at proper price margins — not just for this week, but ongoing yearly, covering you in case of missed work, accidents, leave types and any other likely eventuality. 

Have a price plan in place for your business. Check out the hourly calculator video and download your version of the calculator today, to start price quoting properly.

Price quoting got you stressed?

Don’t worry about it! We’re professional quantity surveyors with years of industry training and a head for numbers. If you want help quoting your next job, without stressing about doing it yourself in the evenings, click below. We’ll even give you your first job for FREE out of good will, just to show you how much time we can save your business.

Client Testimonials

What customers are saying about
our consulting.

“Wanaka Brick & Block Ltd have been using Therese and her team for sometime now. They are really accurate and prompt. The highlighted elevations showing each wall awesome, with gable lengths and working at height and so on. Makes pricing a job with confidence really easy!”

Will Widdison

Owner of Wanaka Brick & Block Ltd.

“Therese has been invaluable to supplementing our estimating resource. Fast and accurate measures with clear markups and access to the raw measure/workings. We will continue to use MCM for future work.”

Zac Woods

Quantity Surveyor at Interior Construction (ICON)

“We have been using Modern Consulting for our quantity surveying for the past 18 months. Therese offers a fantastic service with accurate measurements and a quick turn around. For complex multi unit developments to simple builds Modern consulting have exceeded out expectations.”

Lewis Lester

Director at Geocat Ltd.

“It’s GREAT to have THERESE and her team part of our team. They are a phone call or email away from helping us keep on top of our TENDERS. Its peace of mind that… NO JOB TOO BIG OR SMALL. Thanks for being part of the Knockout Concrete Cutters Team.”

Greg Turnbull

Director at Knockout Concrete Cutters

“Modern consulting has been quantity surveying our plans for the last two years and we are very happy with the service provided, it has meant we are able to get quotes back to our clients quickly and efficiently. Therese always does her best to get anything urgent back to us on the day and nothing is ever an issue.”

Kain Jordan

Christchurch Exterior Plastering

“Over the last few years, Therese and the team have been absolutely essential to our business, surveying residential and commercial properties. The service she provides is second to none and is complimented by her punctuality and reliability. Without her efforts we would have missed out on numerous jobs and contracts, we just completed one of the largest: the Sudima Hotel in Kaikoura.
Thank you, Therese and the Team!”

Laszlo Mesaros

Company Director at Euro Master Painting Services Limited

“Modern Consulting has been an asset to my business and has always provided a fantastic service. I would highly recommend.”

Richie Sturges

Business Owner at Richie's Brick & Block

Submit new projects faster.

Submit your plans easier on your phone, organise your project list, and review upcoming projects, all through the free Modern Consulting Measure app.