Electrical

Cost
Estimate
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Definition

• Electrical estimating is the process of estimating all the

electrical costs associated with completing a project within
scope and according to its timeline.
 In order for a contractor to obtain work,
Getting he must first submit a bid price.

Started
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
Review This is accomplished
the by first reviewing the
Drawings • Architectural,
• Mechanical,
• Electrical
• Other drawings (if
necessary)
Reading the Electrical Specifications
• The Bid Form
• Tax Requirements
• Special Insurance Retainage
• Temporary Power
• Progress Reports and Photographs Bid Bonds
• Security Deposits and Performance Bonds, Minority Clauses and
Requirements
• Construction Time and Liquidated Damages
• Owner Furnished Equipment
• Change Orders
• Extras Job Close Out
Scope of Work
• The type and grade of materials to be
used for the job will be defined in the
electrical specifications, and is to be
noted
The Take-
Off
After the plans have been
reviewed, specifications
read, and the Scope of Work
sheet prepared, take –offs
are estimated quantities of
items that the electrical
contractors need for a
project
Writing Up
the Estimate
The estimate will be written
up in the order that materials
will be purchased, released
and installed. The purpose of
preparing the estimate in this
sequence provides the
means to control and monitor
the job from start to finish.
Sample
Estimate