A Step-by-Step Guide to Bidding a New Construction Electrical Job

How to Bid a New Construction Electrical Job?

A business must know how to create winning Electrical Job Bid. Accurate bids not only streamline projects but also enable one to win more contracts. Whether you are an expert contractor or just a beginner, you must know the components for a successful bid.

Now the question arises, what makes an Electrical Job Bid a success? There are a lot of elements that make up a bid, and it is the responsibility of a professional to include and work on each of them. But first, it is important to know the importance of bidding. Bidding is not just about knowing the numbers and presenting them to a client. It is about taking into consideration all the necessary components and presenting them professionally. This means that it must be in a way that a client understands, thus developing trust and credibility.

What Goes into Making a New Electrical Job Bid?

Let's have a look at some of the primary elements that make a bid unique:

1) Map Out Everything!

The first element is to get a grip on the magnitude of the whole project. You will have to assess how complex the project is and what challenges you will have to tackle. Once you have done that, you have to break down all the tasks in an easy-to-understand manner for the client.  

It is noteworthy that this forms the basis of your bid, and a minor mistake can trickle down and leave a lasting impact.

2) Cost Estimation

Now that you have a rough understanding of the whole project, the next phase is to start working on the estimates. Electrical Estimating Services are meticulously precise in their estimates. You can also seek their help for cost projections.

You have to develop a comprehensive yet easy to understand big. Everything should be crystal clear in your bid. There are many ways to do that. Generally costs are divided into two categories: Direct and Indirect 

• Direct estimates consist of 3 sections. The first one is materials. While estimating the cost of materials, make sure to include every electrical component. From wiring, fixtures and conduits to electrical boxes and circuit breakers. This will provide a more transparent picture to the client, knowing where the finances are being utilized. 
• Coming to the next phase is labour. In an Electrical Job Bid, it is important to fix a rate beforehand. Make sure to classify the labour division based on their expertise, technical and non technical labor.Then apply the rate to their expertise level. This will make the bid more presentable and give a more presentable perspective. 
• When materials and labour are done, the next element to include in an Electrical Job Bid is the cost of equipment. The equipment needed depends on the scale smd complexity level of the job. Also, the other factor that might affect equipment selection is the number of specialized tasks.

3) Make Sure to Include Overhead Costs in the Bid

In an electrical job bid, it is essential to include overhead expenses. These are indirect expenses that are related to the administrative operations. When including them in a bid, classify these expenses and associate them with a direct expense. This way, a client will know how much indirect expenses will occur. These expenses may include permit fees, insurance, utilities, travel expenses, equipment wear and tear, labour safety equipment, etc.

4) Additional Elements to Look Out For!

The above-discussed variables are primary. In addition to that, there are some external variables as well. It can include the cost of preparing the site. Any cost that has occurred to prepare the site to perform electrical tasks must be included in the bid. On the other hand, before starting the physical work, make sure that you have checked the environmental conditions. The weather can be uncertain and change in a matter of seconds. That is why add sufficient contingencies to tackle this problem and include the costs in the bid.

5) Include The Costs of Relevant Electrical Estimating Software

Presently, any construction work is incomplete without the use of modern softwares. This softwares not only makes the work easier but also assures elevated prospects of accuracy in the estimates. Conversely, manually done estimates are time-consuming and prone to errors and miscalculations. There is a chance of rework, which will increase the estimated costs as well. For an electrical job bid, here are the top estimating softwares:

• Trimble 
• ConEst 
• McCormick Systems   
• Quest Estimating

6) Finalize and Follow Up

Once everything is included and accounted for, it is time to finalize the bid. After finalizing the bid, you must review the whole bid process. This will assure you that everything has been accounted for. Als,o it will allow you to make the bid more streamlined. So that it gives a more professional look.

Common Pitfalls To Avoid in An Electrical Job Bid

Bids are prepared based on the information available. That information is not definitive. Thus, estimates can be over or underestimated. The other mistake that happens more often is the overlooking of a local regulation in an electrical project. If missed, it can cost a significant amount of time and money.

To counter any type of problem seek help from Bidding Estimate, a credible and reliable Estimating Firm for your project. Their experts are experienced and assure the highest probability of a successful venture.

Conclusion

In the end, to make an Electrical Job Bid a success, there are numerous components to consider. This article discusses those components in detail. Thus, covering all the aspects from the initial stage to completion. It also mentions some of the most prominent electrical estimating softwares that can be utilized in making bids. On top of that, it also outlines some of the most common mistakes that can be avoided with careful planning.