Companies must find new ways to boost efficiency, cut costs, and keep quality high in today’s highly competitive construction industry. One tool that has become increasingly popular in recent years is the configure price quote (CPQ) system.

The CPQ system automates the creation of accurate quotes and proposals, which speeds up the sales process and lets sales teams focus on building relationships with clients. Additionally, it can provide valuable data insights that can help companies make informed decisions about pricing and product offerings.

What is a “Configure Price Quote”?

Configure Price Quote is a software system that automatically lets companies make quotes and proposals for their products or services. It makes the whole sales process more manageable so that sales reps can create quotes and proposals more quickly and easily.

CPQ is used in industries like construction that offer complex products and services with many options and ways to set them up. The software automates the sales process, including configuring, pricing, and quoting products, so the process is accurate, quick, and consistent.

Benefits of CPQ for Construction Businesses

CPQ is being used more and more in the construction industry as a way to speed up the sales process and make the customer experience better. Below are some of the benefits of implementing CPQ in construction:

Faster Sales Cycle

The CPQ system simplifies the generation of quotes and proposals, making it faster and easier for sales reps to close deals. With CPQ, reps can quickly and accurately set up products and services, which cuts down on the time it takes to make a quote.

Improved Accuracy

By automating the process of making quotes and proposals, CPQ software makes it less likely that mistakes will happen. It ensures everything, such as prices, discounts, and other terms and conditions is correct. This eliminates the need for manual calculations, which can lead to mistakes.

Increased Productivity

The sales process is made more accessible with Configure Price Quote software so sales reps can focus on other essential tasks. This can increase productivity, pay less time on managerial tasks and more time on selling.

Better Customer Experience

With CPQ software, sales reps can quickly and accurately make quotes and proposals, improving the customer experience. Customers like it when the sales process is quick and easy, and CPQ can help construction businesses make that happen.

Improved Profitability

CPQ software helps construction businesses improve profitability by reducing the cost of sales. It automates the sales process, eliminating the need for manual calculations and reducing the chances of errors. This saves time and resources, which can be used to improve other business areas.

CPQ Implementation in Construction

Implementing CPQ in construction requires careful planning and execution. Below are the steps involved in implementing CPQ in the building:

Define Requirements

The first step in implementing Configure Price Quote is to define the business requirements. This includes identifying the products and services that will be included in the system and the pricing rules and configurations.

Choose a CPQ solution.

Once the business requirements are defined, the next step is to choose a CPQ solution. There are many CPQ solutions available on the market, and it’s essential to choose one that meets the business’s specific needs.

Configure the System

Once the CPQ solution is selected, it’s time to configure the system. This involves setting up the products and services.

In the End

Configure Price Quote is a software system that automates the sales process, making it easier and faster for sales reps to create quotes and proposals. CPQ software helps construction companies make more money by automating the sales process and cutting down on the number of manual calculations. This saves time and money.

If you’re ready to start looking for the best cost management software, QDV is here to help. QDV is the best and most adaptable advanced estimating solution available, meeting the needs of both large and small businesses.