Blog | Charter Estimating Company

How to Avoid Estimating Errors

Being an estimator of any kind in construction is a challenging job. Being at the top of the game requires sharp skills, especially if you want to stand out. Here are a few essential skills for electrical estimators.

In every area of business, trends play a vital role in the analysis of what makes a business successful (or not) and predicting the possible future. As estimators, we play an important part in our company’s current state of business and its future. By analyzing trends in your estimating, you can discover what works and what doesn’t, thereby refining your estimating skills and increasing your company’s future success ratio.

As an electrical contractor, you have no doubt noticed the sharp increase of prices for wire, cable, and connectivity products in 2021. These rising costs have likely affected your budget projections for this year and are negatively impacting your profits. Why have electrical supplies become so expensive? In this article, Charter Estimating’s experts will discuss the top three reasons

Construction estimating is the process of anticipating the expense of building a physical structure. This step is essential, and one of the most crucial in the construction process. Estimators need to be as accurate as possible because profit margins (the livelihood of contractors) are impacted if any estimated direct and indirect costs for the project are off by even the slight amount. Every successful project starts with a precise and accurate cost estimate. By the end of this article, you will know the basics of estimating and learn the importance of its role in delivering successful commercial construction projects.

Steps to Estimating

Lost time has increased over the years, you need to include that time in your estimates

Budget Planning with your Materials

7 Tips to Controlling Costs for Electrical Contractors

Can Flat Rate Pricing Increase Your Profits

What Is Value Engineering & How Does It Apply to Cost Estimating?

Can Construction Apps Help Your Business

6 Ways to Improve Profits in Your Construction Company

Software Programs of Today

The Guide for Contractors to writing effective proposals

Estimating is moving completely to digital CAD

Working Smart Estimating with Spreadsheets

More to Feeders than you may think..

Prefab and the solution

Your Business and Labor Rates

Get to know your General Contractor

Renovation Work

Job Costing for Electrical Contractors

If you are looking at doing some electrical work in the near future, you need to understand how electrical projects are estimated. If you want to know what to look for in an electrical bid, keep reading.

Electrical construction estimates are necessary in construction
projects to avoid waste and make more accurate approximations.
Without proper costing and estimation the property owner will have
a different time coming up with an accurate budget.