So be sure to take note! Step 2: Understand how long the project will take Is the space difficult to access and will it require more time to set up and paint?Īll these variables will affect how long the project will take which is the key to a successful and profitable project.How much prep work is required? Sanding, patching, priming?.How many coats of paint need to be applied?.Here are some questions for you to consider: This can be done by measuring the surfaces that need painting, ideally with a laser measurer, and counting up the number of items like doors and windows.Īfter compiling the data, make sure to take note of any other variables that might impact the project. This inspection can be done in person or virtually, but an in-person inspection offers the benefits of allowing you to see the condition of the space, develop a relationship with your customer, and get a better understanding of the project’s needs.ĭuring the site inspection you will be itemizing the areas that require painting you’ll need to collect raw data on the surfaces that need painting (e.g., the number of doors, the square feet of drywall, the square feet of ceiling, etc.). The first step to getting the data is to conduct a site inspection to get a clear understanding of what the project entails. By doing this it will allow you to have a reason behind your estimates and help to avoid issues like undercharging, overselling, or failing to make a profit. This means collecting the information about what surfaces you are being asked to paint, how much/many of them there are, and what condition they are in. When pricing a painting project, it’s important to base the estimate on the specifics of the project. So, whether you’re a seasoned pro or just starting out in the industry, this article will outline some key tips and strategies to help you quit guesstimating and start effectively estimating using time-based rates. This will save you time, money, and headaches down the line. It’s important to create a rock-solid estimating process that factors in everything from the cost of labor and materials to overhead and profit. However, estimating a painting project is not as simple as it may seem and that’s a problem.Įstimating too high can lead to lost bids, while estimating too low can result in financial losses.
In this article, Jon Bryant, CEO of Paint Scout, shares his secrets for foolproof estimating.Įffectively estimating the costs of a project is key to running a successful business. This year’s theme: Productivity is the path to profitability. Once again in 2023, PPC is teaming up with the Painting Contractors Association (PCA) on a series of articles to help you grow and improve your painting business.
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