Real Time Real Money (RTRM) is a system imitated by MTAA and its state and territory members on behalf of the motor body repair industry in an effort to move away from funny time funny money.
A major benefit of the RTRM is that it allows for the additional times it takes a technician to prepare for and clean up after an operation. Previously time references focused on the time it took from the application of the first piece of equipment through to the completion of the operation. RTRM times measure this as well as the productivity time on either side of this process.
RTRM acknowledges that when it comes to estimating panel repair times there are additional time consumable such as filler, drill bits, grinding discs and blades that need to be accounted for in addition to the labour involved.
The RTRM method of quoting is different to older methods of quoting however it has been designed to interface with the existing systems used for quoting.