Electrical estimating is a skill that every contractor and estimator should learn from the ground up. Understanding the fundamentals of estimating can make or break a company. Estimating is a way of seeing, in advance, what you will need to properly complete a given project - if you know your costs (time, labor, materials, etc.) then you can do the job correctly and profitably, and in some instances know when it would be wise to not bid on a job.
An accurate estimate helps every individual in the electrical business: - the apprentice and electrician to gain an understanding and perspective for the value of their work - the person selling the job, to properly bid so as not to lose money by underbidding or lose the project by overbidding - the contractor to determine the job's selling price and to profitably manage that job once it's sold - and of course, the aspiring career estimator.
All businesses exist for one reason, and that is to make money! One important step is to know what it costs to complete your projects, and this video program is the perfect tool to help you know those steps.
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