Get a Time and Materials Contract Instead of a Quote
Do you need a part as quickly as possible? You can save time (and even money!) by forgoing a quote and opting for a time and materials contract instead.
First, let’s quickly define each option to make sure we’re all on the same page:
Quotes. A quote is an upfront cost estimate based on the information a customer provides about a project. Customers often don’t realize that quoting is a fairly time-consuming step in the order process. In fact, putting together a quote can take longer than making your parts in some cases. Shops typically build uncertainty and risk into quotes to account for unknowns, which can contribute to higher prices.
Time and materials contracts. A time and materials contract involves adding up the cost of time and materials at the end of the project rather than providing an upfront estimate. Going into a project without a concrete idea of the cost can be stressful for some customers, but in the right circumstances, time and materials is a faster, more cost-effective choice.
When Is a Time and Materials Contract the Best Option?
While quoting is the standard option for most manufacturers, a time and materials contract is a better choice in certain situations. These factors indicate ideal use cases for this approach:
Urgency. When you need a part urgently, particularly in the case of a repair, opting for a time and materials contract instead of a quote can get your project started faster.
Prototyping. When you only need one prototype, waiting for a quote can really slow you down. We recommend a time and materials contract for many prototype projects. You can (and should) get a quote for production runs later on.
Complexity. When you have a complex part, a time and materials contract is a great way to save money. You won’t end up paying for the risks and uncertainties that would have been included in a quote, only the actual material and labor that went into making your part.
Time and Materials Contracts Are More Advantageous Than Ever
As supply chains continue to experience major disruptions worldwide, time and materials contracts are proving to be more advantageous than ever.
Materials prices are in a constant state of flux, which has made it hard for machine shops to provide accurate quotes in a timely manner. Customers who are willing to accept the uncertainty of current material costs can get their parts in the queue faster when we don’t have to provide an estimate in advance.
The reality is that a time and materials contract is always a time-saver. But that major benefit is especially relevant right now in the face of sluggish supply chains. Many customers are looking for any opportunity to speed up manufacturing lead times, and opting for a time and materials contract is one reliable way to get your parts faster.
Why You Can Trust Our Georgia Machine Shop
If you’ve been burned by a dishonest or unreliable machine shop in the past, please know that you can trust Arbiser Machine to have your best interest in mind. We rigorously track every single job and collect comprehensive data on materials purchased and time spent.
Our experienced team members know exactly how long each operation should take, and our supervisors are there to intervene if a project is even an hour or two off from where it should be. If you’re still feeling wary, we’ll happily show you our reports so you know exactly what you’re paying for.
For us, time and materials contracts provide an opportunity to build strong relationships with our customers. When there’s a healthy foundation of trust, it results in better outcomes for everyone involved.
If you’re interested in a time and materials contract for your next project, contact us today!