Zed Marshall – Operations Manager, VOAO
Job costings are a critical component for a builder’s survival in the construction industry.
We’re excited to announce that markup is now applicable to estimates in Loop.
Flexible Markup Control
Apply markup to individual line items or at the broader cost-centre level for comprehensive flexibility.
Simple Setup Across Cost Centres
Simply select the three dots within any cost centre to set unique material and labour markup percentages, automatically updating all associated line items.
Instant Pricing Transparency
For added transparency, hover over the markup percentage in any line item to instantly view the exact price adjustment being made.
Protects Profitability
Markup ensures you’re not just covering the direct costs of a job; it also accounts for your overheads and the profit margin your business needs to grow. It’s a vital part of pricing that helps keep your operation sustainable and profitable in the long run.
Protects Your Profit: Applying a consistent markup helps safeguard your margins by reducing the risk of underquoting, ensuring your projects remain commercially viable.
Absorbs Risk & Variability
Because estimating is never 100% accurate, markup builds in a safety buffer.
Price Fluctuations: Protects against sudden increases in materials or labour costs, commonplace in the construction industry.
Scope Creep: Provides additional breathing room if small changes occur on-site without formal variation approval.
Error Tolerance: Reduces the financial impact of underestimating a task.
Enhances Business Sustainability: Ensures consistent, accurate pricing. With real-time data, you can make informed decisions and maintain profitability across all your projects.
More Than Estimate Markups: The September Release at a Glance
While Estimate Markups is the headline, this release also includes:
- Site Form Uplift – Mandatory Questions: Critical information that can’t be missed can now be made mandatory in site forms
- Site Form – Cloning Templates: Need to customise a site form template with a few quick tweaks? Here’s the easiest way to get it done.
- Project Schedule: Bring clarity to your Project Schedule with custom colour coding, now available directly in Loop and in your PDF exports. Highlight key tasks or critical milestones at a glance, so nothing gets missed and every project stays on track.
- New-look Admin menu: amended items within the subheadings make it easier to navigate.
- New-field User Access Role: Added additional roles
- Performance Uplift in Upload of Site Photos: Faster processing makes it quicker to upload site photos.
Curious how Loop can help your business grow? Explore more features below!
