Estimating your project costs
How can you estimate costs for RainWise projects?
It can be tricky to figure out what these projects will cost up front. You will need to get a sense of the cost of supplies, as well as your likely time and labor costs. Some of our experienced contractors have shared the following tips:
- When preparing quotes, you can use online shopping carts at large companies (e.g. Lowe’s or Home Depot) to estimate your likely material costs. Simply add items you think you will need to your cart and then see what the total figure looks like. Try out different scenarios and add in a buffer for extra or unexpected material costs. This will give you a rough cost estimate to consider, even if you plan to buy parts elsewhere later.
- For estimating volumes of soil, mulch and gravel, check out this tool from the Dirt Exchange. It can help you visualize and calculate what you will need and consider how to best transport these bulky materials.
- Estimating your labor and time requirements takes practice. If you are new to RainWise installations, you should give yourself a large buffer to work with in your budget. There is always something that takes longer than expected. Some contractors double or triple their initial time estimates depending on the complexity of the project. It never hurts to give yourself wiggle room and it’s always great to come in under budget.
Invoicing guidance
What is an invoice and what does it need to include?
An invoice is your formal record of work completed and a request for payment from a client.
You may use your own template for your invoice. An ‘itemized’ invoice clearly separates out the costs for different installation components and services. We recommend always using itemized invoices as this helps a client understand what they are paying for.
We recommend including the following information in the header of your invoice:
- Your company name and contact information
- Your client’s name and contact information
- A unique invoice number. This helps everyone properly track payments for accounting purposes.
- The invoice date.
- The total payment due and due date
- Project numbers, if you use them
- You can also include a brief description of the work completed. This could include a project completion date, the address of the site, the roof area captured and the project rebate calculated.
We recommend including the following in the body of your invoice:
- A table that breaks down the costs of the project. Each ‘line item’ should include a description of the project component, the quantity, unit cost and total. The way you group different project costs is up to you and what makes the most sense for your project.
- At a minimum you should have separate line items for material costs and labor. Many contractors provide detailed invoices that separate out individual components, such as specific piping pieces, fittings, volume of soil or gravel, plants etc.
- For complex installations, it is good practice to group costs around specific installation components. For example, an installation that includes a rain garden and a cistern should have separate sections in the invoice that detail the materials and labor required for each of these components.
- Finally, the invoice should show the sub total, sales tax, and the total invoice amount.
- If the project rebate will not cover the full cost of the project, you should also subtract the rebate amount and indicate the remaining out of pocket costs.
- If the client has paid some portion up front (e.g. a deposit), you should also show this and subtract it from the total. You can include a row for ‘Amount Due Now’ to indicate outstanding costs.
- Finally, include a footer with your terms for payment and penalties for late payments.
How to document and itemize costs in your RainWise rebate packet?
While you can use your own format for your invoice, you will need to attach a detailed Invoice Cost Breakdown. This form can be found in the Contractor Reference Packet.
Please attach this to your regular invoice as part of the rebate package. This allows you to invoice your client according to your existing billing template while allowing us to be accountable to our ratepayers. Only items directly related to the function of a rain garden or cistern installation should be included on your invoice and this accompanying form.
Tax guidance for landscaping and horticulture services