Pricing a Plumbing Job For being a successful plumbing firm, you must have appropriate knowledge of the different costs that are involved. In case, you don’t have this knowledge, you might undercharge or overcharge. Undercharging might attract customers but you are not maximizing your revenues or profits and your clients are taking advantage of you. But if you are overcharging, you are sincerely putting yourself at risk of losing your clients to your competitors. Your reputation might be damaged your sales would get affected too. So, a harmonious equilibrium is to be settled upon. First of all, you need to understand that which parts you require to complete a plumbing job or task. You need to take into account all the materials from pipes to toilets to taps to showers to bathtubs. Don’t leave out anything. Only after you take into all this information, you will be able to determine your real material costs. Obviously, you won’t tell this to your client directly. You need to keep a profit margin that prevails in the
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This document was uploaded on 10/27/2011 for the course BBA MG221 at NUCES - Lahore.