It's a way to invoice homeowners time and material pricing for plumbing repairs and installations, in one price. It's also a way to present a price before starting your job, by using the average time and material it takes to complete a plumbing task. This way there is no bill shock for the customer. How to set plumbing pricing is one of the biggest questions in the industry. With flat rate pricing you have the visibility to your margins and the power to make sure you're covering costs. My plumbing business was going down the toilet, literally.
It's a way to present time and material pricing for heating and air conditioning repairs and installations. It's one flat rate price you can present upfront by using the average time and parts, instead of billing the customer at the end and surprising them with the cost. How to determine price is one of the biggest questions for HVAC companies. Flat rate gives you the visibility to your margins and therefore the control to ensure you're covering costs. I run a small HVAC company with 2 trucks in Ohio.
With flat rate pricing, electrical companies can ensure they cover their time and material costs for repairs and installations. Putting the costs in one price, by using the average time and it takes to complete an electrical task, you can present pricing to the client upfront. This way there are no surprises with the homeowner gets the invoice. A fear of switching to electrical flat rate pricing is techs will be resistant, but it's a myth. We've debunked the myths for you! Electrical home service businesses often struggle with how to set their prices to cover costs.
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