Using time and materials to estimate projects or production rates to do the cost based estimating will maintain the budgeted hours on all projects.
Adding expenses against those projects or allowing your team to punch against the projects will give you an ongoing view of the job progress. Estimated profit margin versus actual profit margin is going to help you maintain a health cash flow and keep your business on track.
Why Estimate Rocket?
Budgeted Hours on the project
The budgeted hours on a project carry further than giving the client the labor total prices. Budgeted hours can be expensed against to track the job progress. Budgeted hours can also be punched against to track the job progress. The budgeted hours can then be compared to estimated hours to determine the progress of the job or perhaps to bonus the workers on your team if they came in under estimated hours.
Adding Project Expenses
Estimate Rocket tracks material and time expenses on a project. Those expenses will give a read-time view of the job progress from the perspective of material costs and labor costs and time.
Employees Punching Against Projects
Similarly to the project expenses your employees can punch against projects to track worked time. The work time, similar to the expense, will give a real time view of where the project is from the Job Progress report in Estimate Rocket.
Tracking budget time and work time plus material expenses using Estimate Rocket
With Estimate Rocket you get:
Knowing your proposal price is accurate
Professional looking proposal and contract language
Easy to manage projects and activities
Manage Scope of work changes easily
Managing your job and your team
Easily communicate with your clients
Tracking down project details later