Electrical Estimating Course: How to Finalize and Submit the Bid
You’ve finished the takeoff, now what? Once you have finished the takeoff, there are important details that you need to address to make sure you submit a successful bid.
Part Two of our webinar series The Definitive Guide to Bidding on Larger Jobs, shows you how to create an organized takeoff.
The third part of our electrical estimating course shows you how to check that your bid is complete and ready to send.
Our trainer Brian Hoffelder will highlight the main parts of your bid to review. An accurate takeoff is one part of the bid process. You’ll also need to calculate your overhead costs, such as employee salaries, building rentals, and vehicle lease and maintenance costs so that you can bill your time accurately without cutting into your profit.
You’ll learn how to estimate labor costs for buildings with more than three floors and account for costs like materials handling and job safety meetings.
Finally, every bid should be accompanied by a scope letter, which tells the owner the items that are included in your bid, a description of the work proposed, and a list of exclusions and other conditions.
Our electrical estimating training webinar covers the following topics in more detail:
Using Electrical Bid Manager to create key reports for your electrical estimate.
Overview of job totals, including quotes, non-productive labor, job expenses, subcontracts, and markups.
Creating a job proposal and scope letter to send to the customer.
Our webinars are for electrical contractors and estimators, even those who have been bidding on large jobs in the past, including the informative question and answer session:
In case you missed it Part One of The Definitive Guide to Bidding on Larger Projects covers getting organized before you begin your bid.
Brian Hoffelder is one of Vision InfoSoft’s co-founders and combines nearly three decades experience in electrical estimating services, software development and software training. His first hand estimating experience provides a real-world perspective on the most critical skills required for efficient and profitable bidding.