Review the terms to ensure you can live with the legal language should you win the job. to make sure you can meet the qualifications. Pay close attention to contractor qualifications, payment terms, bonding capacity, insurance requirements, etc. Thoroughly review the Division 01 general specifications in addition to the Division 26 specifications. There’s a steep learning curve for electrical estimators and your field staff when taking on any new type of work that can eat into your profit.
Without historical data to draw from, you are more likely to make mistakes during the estimating process that could eat into profit margins during project execution. You should avoid bidding electrical projects where you have limited experience.
The first step in the electrical estimating process is selecting the right type of work to bid. How to estimate electrical more accurately & easily.Double check takeoff quantities & estimate
