Construction Insider Logo

Construction Insider

Get Access to the Construction Insider Magazine, Saint Sunday and Exclusive tips & tricks to scale your business.

You're all set!

Thank you for subscribing to the No.1 Construction magazine for construction businesses.

Oops! Something went wrong while submitting the form. Please check your email and try again

We Use Cookies! Learn More

Sounds Good!
Having the Right Paperwork when running a Construction Firm
Construction Insider logo

Having the Right Paperwork when running a Construction Firm

Day / Night Icon
Construction Insider - Arrow Left
Back to the Toolbox

Quotes and invoices are key to any construction business. You may feel safe taking a client’s verbal agreement on a price but it can always be very risky.

We have seen many companies lose money on a job due to the fact of the client going back on their word and we would hate this to happen to you.

Quotes are the biggest safety net you can have in this industry, as some clients have agreed verbally to a price but they will wait till after the work has been fully completed to query the price and say they would never agree to that amount and you end up being the one losing money as you have no proof to what they originally agreed to.

Partnered with Construction Insider, here are the top tips when it comes to quoting and paperwork!

Tip No.1 - Always be specific

Always be specific in your descriptions and include any caveats. This is a very important tip when it comes to quoting. As this is to cover yourself more than anything else. Specify everything you plan to do in the job and seek written approval from the client before starting any work, the main reason for this is because you will find some untrusting client’s and they will try anything to get some free work done.

We have worked with many construction businesses who don't have a set of basic Terms & Conditions in place with their invoices. The T&C's are there to protect you AND your client - when there is nothing in place, what do you have to protect you?

Tip No.2 - Include an expiry date

Include an expiry date and follow up before it ends. We all know that material prices can go up and you may want to increase your labour costs, most companies do a 3-month expiry date but you can do as little or as long as you wish. This prevents people coming to you in a year or more wanting something for the same price as you quoted last year but since then you have increased your prices and can no longer do that job for that amount of money. If you follow up before the expiry date warning the client that the price may change after this date and will require a requote if they do not wish to go ahead at this time, they will appreciate that more than being left in the dark and finding out they have to pay more because your prices have gone up. People can also argue with you on this due to there being no expiry date and may want you to do the work for the quoted price since you never covered yourself.

Tip No.3 - Have written confirmation

Having written confirmation from the client. This is also super important! Make sure you always send your quotation via email and receive a confirmation or purchase order back from the client saying to go ahead with the quote and they are happy with the price. This is your safety net if a client starts to query the price halfway through or at the end of the work plus you will have in writing the specification the client has agreed on for the price.

Tip No.4 - Identify your business risks.

If you are concerned about the feasibility of a job, consider the impact of a worst-case scenario and propose including a clause in the quote that protects both parties from any undesirable outcomes. Identifying the risks and putting in appropriate safeguards will keep you ahead of any unplanned events as best as possible.

Tip No.5 - Consider using software.

Lots of companies use software to help keep track of the progress of a job. Most softwares also have a quote converter to easily create invoices when you have finished a job. Some people use accounting software such as Xero or Quickbooks which is super helpful for your bookkeeper and accountant or you could use software designed for the construction industry to help track jobs such as ServiceM8 or Flowlens which both integrate directly into Xero and Quickbooks.

Software is often seen as a pain point for many businesses however this can be the best thing you can do for your business. It will allow you reduce your admin time/costs, digitise your business and provide you with more resources to pull ahead of the competition.

Tip No.5 - Meet the requirements of an Invoice

Your invoice must include:

- A unique identification number
- Your company name, address and contact information
- The company name and address of the customer you’re invoicing
- A clear description of what you’re charging for
- The date the goods or service were provided (supply date)
- The date of the invoice
- The amount(s) being charged
- VAT amount if applicable
- The total amount owed

At SaintVA, we specialise within the construction industry helping businesses become organised, digitised and help implement safeguards protecting their business for the long term. If you are looking for support on any of the above points, or administration in general - we are here to help support your business.

Frequently asked questions

Construction Yellow Tag
This Article was included in:

This article has been provided for information purposes only. You should consult your own professional advisors for advice directly relating to your business or before taking action in relation to any of the provided content.

PS. Whenever you are ready, here's how to grow your construction business...

1. Join our Facebook Group which built completely for businesses within the construction industry. Real people, real support. - Now also available on LinkedIn.

2. Keep up to date with Construction Insider Providing you with industry insight, tips & tricks and much more to make sure you are ahead of your competitors!

3. When you are ready, Become a Saint Financial Group client, and we will provide you with the highest quality solutions to effectively scale your construction business. Book your meeting here!

Having the Right Paperwork when running a Construction Firm

Written by the team at:

Saint Virtual Assistants

Got a question? Ask us here 😉
Construction Insider Logo

Grab Your FREE Copy Here!

The Construction Survival Guide

The only book you need to start up your construction business! The CSG becomes your new handbook offering everything that you need in order to create a successful construction business!

Claim Mine!Claim Mine!
Saint Accountancy
The Saints Dashboard
Advertise with us

How To Grow Your

🚧 Construction Businesses 🚧

Get Started With Saint

Construction Insider

EcoConstruct - Our Pledge

EcoConstruct is encouraging, promoting and supporting the movement of SMEs and Large construction businesses to implement sustainable measures to halve greenhouse gas emissions before 2030 and reach net-zero emissions before 2050.

Next Article