Estimates play an important role in the construction industry. Clients rely on estimates to help them determine the overall cost of a given project. Since the installation of an electrical system is often one of the most important aspects of a construction project, electrical estimation is a valuable skill. Proper electrical estimation can help streamline any commercial construction project.
1. Review All Drawings
In order to provide an accurate commercial electrical estimation, you need to have a working knowledge of the scope of the construction project. It's helpful to review all drawings as you prepare your estimate.
Many professionals will only examine the electrical drawings during the estimation process. While these drawings will play a critical role in establishing your estimate, you will also need to evaluate the architectural drawings throughout the estimation process. The architectural drawings will help you gain a better understanding of work heights and equipment requirements that might impact the overall cost of electrical installation.
2. Complete a Quantity Takeoff
Quantity takeoffs can prove beneficial during commercial electrical estimation. The quantity takeoff allows you to break down a larger electrical system into its individual components. You can tally these components by counting each individual unit on each sheet within the electrical drawings.
It's much easier to create an accurate estimate if you know exactly how many light fixtures, electrical outlets, control panels, and circuits you will be installing. You can obtain quotes from the suppliers who provide these components, then add the amount to your labor estimation to provide clients with a realistic commercial electrical estimation for their unique project.
3. Review the Project Specifications
Once you have evaluated all drawings and created a quantity takeoff sheet, you will need to review the specifications pertaining to the electrical project as you prepare your estimate. The specifications will generally outline the material grade, installation methodology, and the allocation of costs associated with a project. You can use this information to help create a more accurate and tailored estimate for your clients as you bid on commercial electrical projects in the future.
Estimates play a central role in helping qualified electrical contractors obtain work. Be sure that you are preparing accurate and comprehensive commercial electrical estimations so that you can ensure the profitability of any major project you accept.
The only way to know your estimates are accurate is to review all drawings, create a quantity takeoff, and review the specifications carefully before submitting a final bid. Reach out to a professional for help with commercial electrical project estimating.