Budgeting, Pricing and Financing Office Cubicles
Getting the right office furniture price might seem daunting at first, but it is actually a very simple process. To help, we've broken it down to just three steps. Use these as a roadmap, and in no time, you too will know how to buy office furniture!
Step One: Creating an Office Furniture Budget
- Your budget will depend on a number of factors, including the size and features that you want, the number of cubicles you're looking to purchase and of course an estimate of what they will cost. Once you have even a very general idea of your needs you can consult Maxon Furniture's Project Estimator to get a rough estimate of the cost to be used in making budget requests.
- Follow the simple instructions on our Project Estimator page to determine a range of options. The Estimator provides office furniture price estimates in 3 price categories $, $$, and $$$ which represent the low, middle and high ranges of your systems options. If you're not committed to one type yet, do a few estimates with different options to see what's best for your office space and your budget.
- After calculating your base office furniture price estimate, be sure to factor in additional expenses. These often overlooked expenses include: moving expenses (packing, storing, unpacking), construction and remodeling, security systems, phone systems, computer systems and cabling, and office downtime while the cubicle systems are installed.
Step Two: Determine Your Final Office Furniture Price
- Get a price quote from your office furniture dealer. Make sure that this price includes all office furniture as well as services provided by the dealer or manufacturer, including spaceplanning and project management. Installation costs will generally be included here as a percentage of the overall price of your cubicle system.
- Usually the dealer will give you the list price and the discount they will provide. We do not recommend that you pay much attention to list price or discount as they vary considerably from manufacturer to manufacturer. Some inflate their list prices only to show a larger discount to you, the customer. The bottom line for you is the price you will pay the dealer.
- Get multiple bids if you have time. Often an office furniture dealer can quote multiple different systems and options to let you decide the best value for your organization. Be sure to consider design, project management, installation, and follow-up services when you're comparing prices.
Step Three: Office Furniture Financing
When you're ready to buy office furniture, you have the options of paying up front or working out a payment plan, but you should also consider leasing. Before you make your final decision, read up on Leasing Office Furniture and see if it's the right choice for you and your company. In short, like a car lease it allows you to pay over time but with businesses there are other considerations as well. The other option to consider is to plan your office project in phases in order to fit in with your budget and growth plans.
Since you will usually not see a price tag on a new built-to-order office cubicle systems budgeting and pricing of them can be confusing. But following this guide by getting a good estimate to use for budgeting, focusing on the bottom line of your office furniture price quote and looking into financing options you can be sure that you make a good purchase for your organization.