October Pricing Review: When Was the Last Time You Updated Your Numbers?

October Pricing Review: When Was the Last Time You Updated Your Numbers?

Most shops update their price list once and forget about it. Then, six months later, margins are mysteriously down. Run this October review.

Material costs

Pull invoices from your top three suppliers, last 12 months. Average sqft cost vs. what your quote system uses. Update the delta.

Labor rates

If you gave raises this year, your loaded hourly cost is up 8-12%. Has your sqft pricing reflected that? Probably not.

Consumables

Adhesives, polishing wheels, abrasive — track per-job cost. We see 15-20% creep in consumables YoY that no one accounts for.

Profile pricing

Time five linear feet of each profile this month. Has your team gotten faster? Slower? Adjust accordingly.

The discipline

Run this review every October. Build it into the calendar. Margin discipline is what separates shops that grow from shops that just survive.