This is how TurboBid's material prices are calculated

Modified on Fri, 3 Feb, 2023 at 7:46 AM

Every item in TurboBid's database comes with a Trade Price and a TurboBid Price.

The Trade Price represents the manufacturers suggested price. 

The TurboBid Price is calculated using a proprietary matrix that produces the average price that contractors pay at their supply house.  

While we get you started with the average market pricing, you need to take ownership and adjust prices as needed so that they reflect your actual cost.

There are a number of methods available to update your material prices. These range from receiving free price update files from your vendor, 3rd party material price update subscriptions, and/or our exclusive material price update service.

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