What is flat rate software?
What is HVAC Flat Rate Software? HVAC flat rate software helps companies set fixed prices for time, materials, and overhead on every job, so customers know fixed costs in advance.
How does flat rate pricing work?
Flat-rate pricing means your company charges the customer a set price for a specific job, regardless of how many hours it takes to complete the project. A single, fixed price includes the direct costs for parts and labor, and the indirect costs of overhead expenses.
What is the difference between flat rate and fixed rate?
The term “fixed rate” is associated with the yield or accrual on interest-bearing items, such as bonds and loans. By contrast, “flat rate” describes a pricing model used by producers with respect to volume.
What is the benefit of flat rate?
Flat Rates put the Focus on Productivity One advantage of a flat-rate pricing model is that flat fees reward productivity. When a small business is paid a flat rate for completing a service, it can make more money by performing more services in a shorter amount of time.
How do mechanics get paid?
Flat rate pay is payment based on each job that’s completed. An employer or manufacturer estimates the amount of time a job should take. The employer pays the technician a predetermined amount for that job, based on the expected time. A mechanic paid a flat rate gets a percentage of the flat fee charge.
Can you make money on flat rate?
A flat rate can work in favor of a skilled tech. If they can complete a two-hour job in half an hour, for example, there is nothing to stop them from taking on multiple two-hour jobs per day, completing them early, and racking up the dough. A talented, motivated technician can make a lot of money under the flat rate.
Do you get overtime on flat rate?
It may seem that being paid a flat rate would eliminate a worker from overtime pay eligibility for extra hours worked. But in fact, like all non-exempt employees, flat rate workers are entitled to be paid an overtime premium if they work in excess of eight hours in one day or more than 40 hours in a week.
What is a flat rate example?
A flat rate is a pricing structure charging a fixed fee for a specific service. For example, a subscription model offering the clients a set price per year or month for full access. No matter the number of times a subscribed client visits the site or uses the service, the charges remain the same.
Is flat rate simple interest?
When the interest rate quoted is a flat rate, it means that the interest due is calculated as simple interest on the amount of the loan.
What is flat rate plus pricing software?
Flat Rate Plus Pricing Software for Services Business Increase profits, reduce costs, and improve your customer experience. We offer the service industry’s leading Flat Rate Plus software solution. It is designed for HVAC, plumbing, and electrical businesses.
What is the best flat rate pricing software for HVAC companies?
Collier: Flat Rate pricing software for HVAC, Plumbing, Electrical, and Appliance industries. UpFrontPrice: Price book printing & software for plumbing, HVAC service contractors. Callahan Roach: An in-depth look at the benefits of flat rate pricing for the HVAC industry. Learn how it increases your profits, plus other benefits.
What is the difference between coolfront and zero-cost flat rate pricing?
Coolfront: Flat Rate Pricing lets the customer know what they’ll be paying up front; Zero-Cost Flat Rate Pricing is the way for contractors to gain the advantages of digital flat rate pricing at a net cost of zero dollars. Coolfront Mobile is the Zero-Cost Flat Rate Pricing App for HVAC, Electrical and Plumbing Contractors.
What is the difference between flat rate pricing and T&M pricing?
With flat rate pricing, the customer agrees (or disagrees) with the set amount and accepts (or denies) to continue with the repair after a diagnosis of the problem. With T&M pricing, the customer is given an estimated price of the repair and accepts that the price will be in that cost range upon completion.