From accounting to marketing and all manner of tasks in between, you’ve no problem outsourcing so much of the behind-the-scenes stuff that is essential to the success of your construction business.
Yet when it comes to your cost estimates, that’s one thing you’ve so far been unwilling to handover to anyone else.
After all, you’ve always done your own estimates and business has been ticking along fine, so why bother paying anybody else to do it for you?
Because let’s be honest, when you first started your business, ‘ticking along’ wasn’t exactly what you had in mind, was it?
You had visions of a business that would grow and keep on growing,. However, the more time you spend buried beneath that mountain of paperwork, the more you find yourself stuck in a rut.
The good news is that it’s not too late to make that growth happen.
Here are just a few ways that outsourcing your cost estimates can help you grow your business and reach the level of success you always hoped to achieve.
1. Win More Contracts
Let’s face it:
When it comes to finding potential new projects to work on, you’re practically unstoppable.
You nail networking. You’re fantastic at finding tendering opportunities and you’ve perfected your pitch to an art form, but when it comes to, you know, actually sealing the deal, your track record is far less impressive.
If that sounds like you, it may be that the only thing holding you back is that your cost estimates simply aren’t competitive enough.
An outsourced cost estimating service can help with this in two key ways:
First, it frees up your time and energy to focus on doing what you best and tracking down more work. Second, it provides you with a highly competitive estimate that allows you to hit a home-run with potential new clients and land those big, business-changing contracts.
2. Instantly Increase Profitability
Of course, there’s more to growing your construction business than just landing big contracts.
The real secret to success is being able to maximize your profits from each contract, getting the best deals on materials so that you can keep costs down without affecting the quality of your work.
This is where outsourcing your estimates can really prove to be invaluable.
A good cost estimator will have years of experience behind them, and they’ll have used that experience to build a deep network of trusted contractors and suppliers that they can work with to get you the best money-saving deals on the items you need.
Not only that, but their wealth of experience will also have given them a comprehensive understanding of the unique challenges that need to overcome, the hidden opportunities your project presents, and the kind of best practices that are going to make all the difference to your project.
Combined, this empowers your outsourced cost estimator to create the kind of winning estimate that keeps costs low for clients and profits high for your business.
3. Boost Your Reputation and Client Relationships
Saving your clients money in this way can continue to help your business reap long-term rewards, even after the initial project comes to an end.
Think about it:
Everybody likes getting a good deal, and by proving that you can still deliver high-quality work at highly competitive prices, you’re providing with exactly that.
In the long run, this can only help you to build strong relationships with those clients that could well lead to more work down the line, especially when word gets around about your reputation.
That’s to say nothing of the benefits of presenting clients with a professionally-produced estimate, creating a strong image that speaks volumes about your business and the work that you do.
4. More Time, Less Stress
We’ve already agreed that outsourcing your estimates can free up your time to go out and win more work, but let’s be honest:
That’s not exactly the only task taking up your valuable time and attention, is it?
Whether it’s managing your workforce, handling invoices, on-site inspections or any number of other mission-critical jobs, running your construction business leaves you with so much to do that you have a hard enough time even keeping your business ‘ticking over,’ let alone taking it the next level.
Outsourcing your estimates significantly reduces the time, effort, and energy involved in managing those essential tasks, leaving you free to focus on what you really wanted to do all along – build a bigger, better future for your business.