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Estimating is a skill that can make or break a career or
company. Understanding the estimating and bidding
processes is essential for your business to remain
profitable.
This is newsletter #48 in the series. If you have
missed prior newsletters, and are enjoying the series,
we encourage you to purchase the complete Electrical
Estimating Program. Click on the coupon at the bottom
of this page.
To ensure that your bid is accurate, you need to verify that you have not made any of the following errors:
- Assuming standard-grade devices, when specification grade is required
- Errors in math or calculations
- Failure to review jobsite conditions, especially for retrofit jobs
- Failure to comply with specifications or drawing notes
- Forgetting a major item, such as a switchgear or subcontractor quote
- Forgetting to include outside or underground work
- Not transferring totals properly from page to page
- Omitting a section of the estimate, like an entire floor
- Using improper estimating forms that lead to errors
- Using supplier take-off quantities for quotes
- Relying on verbal supplier quotes
- Not verifying that quotes (for example fixtures or switchgear) match the schedules or specifications
- Using the wrong scale on reduced size drawings
- Using the wrong labor unit
- Using the wrong material cost
For more information on this topic, get a copy of Mike Holt's Electrical Estimating video program and textbook.
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We'd love to hear from you about this series, and
the ways you're using it. Send us your comments
and feedback by clicking on Post a Comment below.
Look out for the next part in this series a month
from now, and please share with your colleagues.
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