What the stuff on the job actually costs you, as opposed to what it cost the last time you bought it. Material prices in the trades move faster than most price lists do, and a quote built on a rate from last season quietly gives the increase away. Costing the material at what you will pay, not at what you paid, is the only version that survives a busy year.
In FieldQuo — Material costs and recipes
FieldQuo keeps what a material costs you and how much of it a job of a given size uses, so a price rise reaches the next quote.
Related terms
- Waste factorExtra material ordered on top of the measured quantity to cover offcuts, breakage and mistakes.
- Job costingPutting the real labour, materials and expenses of a finished job against what you charged for it, so you know what that job made.
- MarkupWhat you add on top of your cost to reach your price, given as a percentage of the cost.
- Spread rateHow much surface a litre or a gallon of coating covers at the film thickness it is meant to go on at.
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