If you underbid a job, you’ll end up spending more than necessary. On the other hand, overbidding could mean missing out on supplemental payments. In either case, your credibility may suffer. To avoid this, it’s crucial to accurately assess the costs of commercial roof projects, which requires specialized software to calculate the exact material quantities needed. This ensures you provide the insurance company with an accurate estimate and avoid unnecessary costs.

 

Pre-production supplements should be submitted as soon as the total cost of the claim is clear. Don’t schedule installation until the adjuster and insurer have settled the claim, as this gives you more time to manage work and payment timelines. Once your pre-production supplement is accepted, your insurer may issue an additional Actual Cash Value (ACV) check for any line items added to the original estimate. This can significantly benefit your business by allowing you to take on more jobs at once.

 

To improve your cash flow and streamline your scheduling, submit pre-production supplements promptly once the full cost of the claim is known.