In order for a contractor to obtain work, he must first submit a bid price. The bid price that the contractor submits, however, must be low enough to get the job, but high enough to cover all costs and make a profit. For a contractor to accomplish these goals, he must submit the “right” bid price. This “right” bid price will be obtained from estimating; therefore, the estimates must be “right”.
Electrical estimating is fast becoming a profession, performed by professional people. Contractors can no longer look at a job and “guesstimate” a price, or for that matter, even “square-foot” the job. If an electrical contractor is to survive in today’s competitive industry, he must have the capability or resources to prepare accurate estimates without expending a great deal of time.