Learning how to effective price roofing bids and estimates can mean the difference between success and failure for contractors. Unfortunately, Roofing Contractor magazine has found that an alarming 90% of roofers are losing out due to inaccurate or low estimates!
Taking the time to hone your job bidding skills could be greatly beneficial in increasing margins. Look into new methods such as changing how you measure roofs or cost estimation techniques which more accurately portray real costs incurred.
Here are several steps you can follow on how to price a roofing job
- Measure the size of the roof: Use a measuring tape or a laser measure to determine the square footage of the roof. This will help you determine the amount of material you will need.
- Determine the pitch of the roof: The pitch of the roof is the measure of the slope, or steepness, of the roof. A steeply pitched roof will require more labor to install, so it will cost more. Roof Pitch in degrees = (1 ÷ (b ÷ a)) x (180 ÷ π)
- Evaluate the condition of the roof: Inspect the roof to determine the extent of any repairs or replacements that will be needed. If the roof is in good condition and only needs minor repairs, the cost will be lower. However, if the roof is in poor condition and requires extensive repairs or a complete tear-off and replacement, the cost will be higher.
- Determine the type and cost of materials: Determine the type of roofing material you will be using and the cost per square foot. Asphalt shingles are the most common and generally the most affordable option, while metal roofing is more expensive.
- Calculate labor costs: Consider the number of workers you will need and the amount of time the job will take. Determine your hourly rate for each worker and multiply it by the number of hours the job is expected to take.
- Add up all costs: Add the cost of materials and labor to get the total cost of the job. You will want to add a profit margin to cover your overhead and other business expenses, especially while learning how to estimate a roofing job. Use free tool's like a Roofing Estimate Template.
Get More Roofing Jobs with Smarter Pricing and Bidding
It is a good idea to get quotes from multiple suppliers for materials to ensure you are getting the best price. You should also consider the level of experience and reputation of your workers when determining your hourly rate. Finally, be sure to communicate clearly with the customer about the scope of the work and the total cost of the job before beginning any work after you've learned how to estimate a roofing job.
Stop fighting for the lowest bid by using your estimate to clearly show off your value and build a profitable business. With our help providing Roofing Software, you'll be able to master every stage of estimating and submitting bids so that success keeps coming in as time goes on.