QUOTEBUILDER
Business Insights

The Hidden Cost of Quoting: Why You're Losing Money

The "free quote" is the industry standard, but it is costing you more than you think. Here is how to stop the bleed.

8 min read Feb 6, 2026

If you are a tradesperson, whether you are an electrician, a plumber, a carpenter, or a builder, you know the routine. You finish a hard day on the tools, you get home, you have dinner, and then you open the laptop. It is 8 PM, and you have three quotes to write.

You spend the next two hours scrolling through supplier websites, calculating cable runs, estimating tile adhesive, and trying to remember if you included the waste removal cost. By the time you hit "send," it is 10 PM. You are exhausted.

And the worst part is that you aren't getting paid for any of it.

The "Free Quote" Trap

In the construction and trade industry, the "free quote" has become an expectation. Customers want to know the price before they commit. That is fair. But for the business owner, this creates a massive operational inefficiency.

Think about it like this. A lawyer charges for every six minute increment. A doctor charges for a fifteen minute consultation. But a builder might spend four hours driving to a site, measuring up, driving back, calculating costs, and typing up a proposal, all for a chance to win the work.

The Sobering Math

Estimated Leakage

Let us do the numbers. If you charge £40 per hour and spend just 10 hours a week on admin and quoting:

Weekly
£400

In unbillable hours

Monthly
£1,600

Lost revenue

Yearly
£19,200

Total business cost

*Based on industry averages for sole traders and small trade teams in the UK.

The Quality vs. Speed Dilemma

When you are quoting for free, you are naturally incentivized to be fast. But speed kills accuracy.

If you rush a quote, two things happen.

  1. You Overquote: You add a massive "fudge factor" to cover unknowns, which makes you uncompetitive.
  2. You Underquote: You miss materials, like forgetting the primer, the clips, or the skip hire, and you end up doing the job at a loss.

It is a lose-lose situation. You either lose the job because you are too expensive, or you win the job and lose money doing it.

The Competitive Race

To make matters worse, customers are shopping around more than ever. They might get three to five quotes for a simple bathroom renovation.

This means your "win rate" might only be twenty or thirty percent. If you win one in four jobs, you need to quote four jobs to get paid for one. That means for every billable week of work, you might have spent a full day estimating for free.

The tradespeople who win are the ones who:

  • Respond fast, often within twenty four hours.
  • Provide professional, detailed breakdowns, which builds trust.
  • Follow up consistently.

How do you do that when you are on a roof or under a sink all day?

How Technology Changes the Game

This is where the industry is shifting. The old way of using pen, paper, a calculator, and Word templates is dying. It simply takes too long.

New AI-driven tools like Quote Builder are changing the math completely. Instead of manually itemising every screw and length of pipe, you describe the job in plain English.

For example, you might say, "Install six downlights in the kitchen, replace the consumer unit, and add a double socket."

The software knows that downlights need cable, Wagos, fire hoods, and testing time. It knows a consumer unit change needs certification and meter tails. It does the heavy lifting instantly.

The New Math

If you can cut your quoting time from ten hours a week to thirty minutes, you reclaim nine and a half hours of your life back.

You can use that time to:

  • Earn an extra £380 per week on the tools.
  • Spend time with your family.
  • Rest and recover so you do not burn out.

Conclusion: Stop Working for Free

Quoting is a necessary evil, but it does not have to be a full-time unpaid job. The "hidden cost" of quoting is likely the biggest leak in your business bucket. If you plug it, you will see your profitability and your quality of life soar.

Reclaim Your Evenings

Stop guessing and start quoting with confidence. Join thousands of tradespeople who have switched to smarter, faster quoting.

Create Free Quote

No credit card required for free tier.