Skip to main content

Final Pricing Strategy and Customer Communication

15:39
18:54
232.2K views

At 15:39 in

How to bid a Paver Patio

What happens here

The final step involves synthesizing all pricing components into a competitive and profitable bid and communicating it effectively to the customer. The presenter clarifies that for the example patio, he charged $19.70 per square foot for the paver installation itself. This price falls within his local market range ($18-$23/sq ft) but is on the higher end due to the small size of the patio and the significant number of cuts required by its semi-circular design. He also notes that he incorporates the cost of cutting directly into the per-square-foot price for the blocks. For the final invoice, he relies on the supplier's spreadsheet, which details all materials delivered, including any waste or cut pieces. This ensures transparency, validates costs, and allows him to promptly bill the client after project completion. By employing these strategies, contractors can ensure they are compensated for all materials and labor, maintaining profitability while delivering fair pricing.

Goal: Develop a competitive and profitable bidding strategy and ensure accurate final invoicing with transparent customer communication.

Tools and materials

  • Computer Apple — Managing client communication and generating invoices
  • Supplier Spreadsheet — Validating material quantities for the final invoice

What they say

Hide

$688. OK. So, for this particular job, specifically the patio, I charged him $19.70 per square foot. I chose that price because the patio wasn't very big, so I raised it to the upper limit, between 18 and 23. And there was a whole side that had to be cut. But I also considered it against the background of the fact that we dismantled the pool. We covered it with black soil. We installed curbs. We completely transformed this man's backyard. The total amount of work was over $14,000 for just about everything we did there. So I wasn't going to, you know, put a maximum price on this patio. So in this video, you need to balance what you're going to set with the market price you can get, okay? Compared to how many cuts will have to be made, how much material will have to be thrown away. Make sure that at the end of the job you use the spreadsheet from your supplier for the final calculation of what you will charge the client. All my clients know this in advance. I am actually reporting that the table will be provided directly from the supplier and will list each block. Here's how I phrase it. I will provide you with a table that lists each block, the delivery day, the delivery time, who signed for the delivery. This will be your final bill for this work. We will be guided by this . We won't take a tape measure and measure how many square feet are actually installed. We will use what the supplier says was delivered to your site because that is what I, the contractor, have to pay for your materials. Now, in this table, I allow the customer to see the table, but I don't allow the customer to see the invoice amount. This is my business. How much I actually pay for the block is my business. Good? So I paint over or remove the actual invoice numbers, but focus on delivery, quantity of materials, and the like. And I have a prior arrangement with the supplier to get a very accurate and fast spreadsheet. So once the job is done, I call and say, " Hey, I'm billing for this job." I need a table." They will provide it to me within 24 hours and I can invoice the client immediately. So, that's how we do it for this job. I hope this helped you guys . What else do you want to see? Is there anything else I can sort out for you? If you have any questions or comments, please write them below. I read absolutely everything you write. Whether by email or in the comments under the video. Sometimes it takes me a while to respond to you. I apologize, but I read everything. Sometimes it's…

Auto-generated from the video audio.