Create a strategy for material pricing during the estimating process.
- How do you handle material pricing for estimates?
- Use historical numbers from your database?
- Get pricing from suppliers? Some items? All items?
- Do you work with select suppliers or the market?
- Establish best practices for your organization
- Determine the strategy that works for you
- You should always price major supplies
- Check the market to stay competitive
- Let suppliers know what you expect and get the right pricing
- Consider negotiating some strategic relationships
- This can be beneficial depending on the quantities you buy
- Select some key suppliers and negotiate some annual programs
- Keep tabs on the industry to keep you relationship in check