There is a distinct advantage for electrical contractors that outsource at least part of their estimating work over competitors that do not. When electrical contractors outsource their electrical estimating services, they can increase their chances of winning by putting in bids on more projects.
What would you do if a general contractor you’ve worked with asked your firm to bid on a huge project that would take your estimator a week to price out? During the same week, you may also submit bids for four smaller projects. Do you think your chances of getting the big project are better than those of landing the four little ones? Even if the answer is “no,” you should still bid on all five projects since doing so will boost your chances of winning at least one.
Just because you’ve worked with the GC before is no reason to skip estimating the massive project. Do everything you can to help him out on this endeavor since you may not have another chance! You may easily wow them by quoting every single one. The question is, “How are you going to do this?” As it is, the state of the economy is forcing your estimator to guess more than is ideal. Could burnout and exhaustion cause you to make a costly error on a close bid?
That’s a silly question. If you need more confidence in providing an accurate estimate for a particular job, it’s best to hire a third-party expert. The following are some of the most important reasons for contractors to use an outsourced electrical take off service:
Concentrate on Your Essentials
Whether you want to succeed as a general contractor or a specialist contractor, then you need to concentrate on perfecting the procedures you use to provide your services. In addition to forming a bidding team, obtaining technology, and investing in training, you must manage many projects, improve efficiency, manage crews, etc.
If you hire someone else to conduct your electrical estimating services and takeoff, you’ll have more time to focus on your strengths. You can focus on learning more about subfields in your main area of expertise that could help you grow professionally.
Decrease Fixed Expenses
There are two kinds of expenses associated with running a construction company: direct and indirect. You must include indirect expenses in your project costing. The monthly costs listed on your bids may include things like a project management team, supervisors, marketing executives, finance/accounting employees, office space, and utilities. Furthermore, your proposal team is an extra cost.
Improved Bid Details and Accuracy
Electrical take off and estimating are services that are done by professionals who work hard to improve their skills. To improve their estimating process, they are training and educating their staff and investing in new equipment. They keep detailed records of the projects they have bid on for previous customers and have a thorough understanding of standard procedures in the sector. They’ve put money into tools that let them make precise calculations and takeoffs.
Increase Your Bids to Increase Your Chances of Winning
Now that you’ve lowered costs, streamlined your core operations, eliminated unnecessary steps, and gotten more precise projections, you may build upon your successes. You’ll have a better chance of winning auctions if you do all these things. You may submit more bids for projects if you have a reliable estimating partner. You’ve been having the same problems balancing actual work and money spent on that work. You may now take chances on the experiences that really interest you. Your chances of winning will increase according to the quality and number of your bids.