Factors such as material costs, labor rates and fuel prices are in constant flux, potentially cutting into profitability. ServiceTitan is attempting to make those hits easier with the launch of its Pricing Builder feature.

The suite of ServiceTitan features allows contractors to automate pricing for material costs and labor rates directly through the ServiceTitan platform. With these dynamic pricing tools, home and commercial service providers can potentially drive more sales, save time, and protect their cost margins with confidence they’re charging the right price for the job, according to Vahe Kuzoyan, president and co-founder of ServiceTitan.

“As contractors everywhere face economic uncertainty and rising inflation, ServiceTitan is focused on equipping our customers with the tools they need to succeed in the market of today and the market of tomorrow,” says Kuzoyan. “Pricing Builder gives our customers peace of mind that they’re offering fair and competitive pricing to their clients in real time. Instead of spending hours manually updating pricing to account for changes in material costs or labor rates, contractors can dedicate more resources to growing their business and providing an exceptional level of service.”

Pricing Builder enables contractors to automate price book maintenance, so in just a few steps they can create rules that update pricing when material costs and labor rates change. Pricing Builder also applies any pricing changes automatically, including after-hours job rates, service add-ons, and customer discounts. The tool includes time and material business models for commercial contractors to assign specific pricing for different clients.  

“As a small business owner, I’m always looking for ways to protect our margins and make price book maintenance less of a tedious process,” says Rusty Baker, vice president of Baker & Son’s Plumbing of Marion, Illinois. “With Pricing Builder, I can rest easy knowing our technicians are charging a fair price while keeping our rates competitive, allowing our leadership team to focus on customer service and driving business growth. Since we started using Pricing Builder about a year ago, we’ve already seen our profit margins per job increase, and estimate we’re saving dozens of hours each week by utilizing these new features.” 855-899-0970; www.servicetitan.com