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Pricing for Success

paulwatson22



Pricing for Success. How do we do it?


𝗤𝘂𝗮𝗻𝘁𝗶𝘁𝘆 𝘀𝘂𝗿𝘃𝗲𝘆𝗶𝗻𝗴 pricing can play a crucial role in the success of a project. Here are some tips that we both need to consider when determining pricing :


➡ 1. Understand the Scope of Work: Before providing a price, it is important to have a clear understanding of the scope of work required for the project. This will help us to accurately determine the amount of time, resources, and personnel needed to complete the job.


➡ 2. Consider the Complexity of the Project: Some projects may be more complex than others and may require additional expertise, resources, and time to complete. It is important to consider the level of complexity when determining pricing.


➡ 3. Factor in Overhead Costs: In addition to the direct costs of personnel and resources, there are overhead costs to consider, such as office space, equipment, and utilities. These should be factored into the pricing to ensure that the business can cover its expenses and still make a profit.


➡ 4. Research Market Rates: It is important to make sure that you use a QS who is familiar with local market rates in your region and has priced other jobs within that region. You may also want to consider the rates of your competitors to ensure that your pricing is fair and reasonable.


➡ 5. Provide a Detailed Proposal: Once you have determined your pricing. it is important to provide a detailed proposal that outlines the scope of work, timeline, and pricing breakdown. This will help to establish clear expectations and ensure that both parties are on the same page.By considering these factors and providing a fair and detailed proposal, you can increase the likelihood of success for both your business and the project.

 

Want to chat ? Phone or email Paul, Ph. 027 238 1866, paul.watson@redqs.nz

 

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