Electrical estimating is a skill that every contractor and estimator should learn from the ground up. Understanding the fundamentals of estimating can make or break a career, or make or break a company. Estimating is a way of seeing, in advance, what you will need to properly complete a given project - if you know your costs (time, labor, materials, etc.) then you can do the job correctly and profitably, and in some instances know when it would be wise to not bid on a job.
An accurate estimate helps every individual in the electrical business: - the apprentice and electrician to gain an understanding and perspective for the value of their work - the person selling the job, to properly bid so as not to lose money by underbidding or lose the project by overbidding - the contractor to determine the job's selling price and to profitably manage that job once it's sold - and of course, the aspiring career estimator.
This video program gives you the advantage of seeing the team of estimating experts explain and debate the steps and important details of the estimating process while determining the break-even point.
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