Buildaform return on investment or
how you can save $24k per year on
100 jobs !!!
The information below illustrates how Buildaform users are guaranteed a significant and immediate return on their investment once they commencing using fully electronic systems and adapt their business practices according.
For a small office based on an investment of a few thousand dollars a year Buildaform users will gain a minimum $24k return on their investment as detailed below. For offices with even larger volumes simply mutiply this number by no of files and costs savings even larger.
| Cost savings summary | |
|---|---|
| Labour costs file processing | $17500 |
| Hardware/Tech support | $500 |
| Electronic Inspections | $4000 |
| Paper/Letterhead | $500 |
| Total Cost Savings min | $23,800 |
Cost Saving Detail
Cost Savings using Buildaform technology platform based on 100 jobs per year would be in the vicinity of $23,800 per year. These can be calculated as follows:
1. Time Savings
Our clients report a 38% increase in efficiency using Buildaform backoffice over other systems. Over the life of most jobs (2 years) this equates to a minimum of a:
- 2 hour reduction in file processing time for admin staff, and
- 1 hour reduction in time for a certifier
This is achieved via many Buildaform features such as:
- Rapid letter and permit generation
- Rapid accessing files and finding relevant data to answer incoming calls
- Auto email in and out facility which means you don’t search for email addresses and attachments per job when sending and receiving emails
- No need to research and update forms when legislation changes
- Management and Search Report functions
- Workflow and Follow ups
| 2 hours x $25 per hour admin cost |
| $25 per job |
| 100 jobs x $50 = $5,000 per year in admin cost savings or 200 hours |
| 1 hour x $125 hour certifier cost |
| 100 jobs per year x $125= $12,500 per year certifier costs savings or 100 hours |
2. Hardware savings
Using Buildaform there is no need to install and maintain additional office hardware or servers to run software. Cost savings on this are variable depending on office size but we estimate a min of $1000 to purchase hardware and $500 per year to maintain (we have only incl $500 maintenance in our cost savings total).
3. Inspections
Completion of inspections electronically either inhouse of by external contractors:
| Time Saved per inspection | 20 mins |
| Staff cost per hour | $25 |
| $$ Saved per inspection with Buildaform | $10 |
| Building inspections per year | 400 |
| Total yearly cost savings | $4,000 |
- Assumes 100 new jobs per year
- Assumes 4 inspections per job per year
- Assumes admin labour cost not certifier) of $25 per hour
4. Letter head
All Buildaform letters are generated with auto logos you save letterhead – most clients report at least $250 year.
5. Paper
As files are all electronic in many cases there is no need to print out letters etc for file – est $250 in paper print outs.
6. Electronic Archiving
We estimate paper storage cost of $300 per year to store 100 jobs a paper file (based on 5 files per job in a box and approx 200 boxes in storage facility - ie half garage size at Kennards - at an average cost of $200 per month). In addition to the basic storage cost you can also factor in a staff cost of approx $50 per job should you need to retrieve that file during the 10 year storage process. If files are stored electronically and everything is accessible online this is cost is virtually $0. Therefore resulting in further staff cost savings – assume 20 enquiries per year – est cost savings $1000.
