How to Estimate to Win Large Electrical Construction Jobs

Large electrical construction jobs involve complex estimating for projects like skyscrapers, factories and hospitals. These lucrative opportunities require very skilled workers, precise planning and cutting-edge technology to handle the scale and intricacies of the electrical work.

Despite being large undertakings, these projects are extremely attractive for contractors as they offer:

A chance to showcase expertise
Higher earning potential
Valuable experience
Industry recognition

However, to win large electrical projects, the submitted bid has to be accurate. Which is a challenge.

According to Knowify, only 31% of all construction projects come within 10% of the original budget. To be a part of the population that stays on budget, an accurate estimate of all project costs is vital.

Being an electrical estimator in the construction industry means your estimates play a crucial role in guaranteeing the accuracy of a bid.

But where to begin? To help you in your journey to winning large electrical jobs, we have detailed the ins and outs of submitting a winning bid by focusing on the tactics and tools successful electrical estimators can use to create accurate estimates. Your path to more efficient contracting begins here.

Key Takeaways for Electrical Construction Estimators:

Electrical construction estimators can develop highly competitive bids with a skilled workforce, sharp estimating tactics and by mastering industry-leading tools and tactics.
By carefully considering project complexity, unforeseen conditions and factor in change orders, electrical construction estimators can develop realistic and competitive construction bids.
Following the tactics of other successful electrical estimators can increase your chances of winning the bid.
Electrical estimating and digital takeoff software offers features that can lead to increased win rates, better cost control and ultimately, a strong competitive advantage.

What Makes Large Electrical Construction Projects Competitive?

First, let’s focus on what makes these jobs competitive. Large electrical construction projects are complex undertakings and to understand the nuances of these construction projects, a construction professional needs to be aware of what it takes to complete them.

By excelling in these areas, electrical construction contractors can position themselves to win bids on large and competitive construction projects.

Expertise

Large projects involve intricate electrical systems, demanding a highly skilled workforce. Contractors need to showcase a proven track record of handling similar projects with qualified electricians and engineers on staff.

Cost Efficiency

While price is a major factor, it’s not just about the lowest bid. Clients look for contractors who can deliver value for money. This involves demonstrating strong cost-management practices, optimized material procurement and efficient project execution.

Safety

Safety is paramount in electrical construction. Contractors need to have a spotless safety record and robust safety protocols in place to ensure worker and public safety throughout the entire project.

Project Management

Large projects require meticulous planning and execution. Contractors need to demonstrate strong project management skills, including effective scheduling, resource allocation and clear communication with stakeholders.

Technology

The electrical field is constantly evolving. Contractors who have a detailed understanding of the construction bidding process and stay ahead of the curve by embracing new technologies and methodologies will have an edge.

This could involve expertise in building information modeling (BIM), prefabrication techniques or sustainable electrical solutions.

What Tools Do Successful Estimators Use to Win Electrical Commercial Projects?

Winning large electrical construction projects requires not only a skilled workforce but also knowing how to use tools to simplify the process. By mastering industry-leading tools, electrical construction estimators can develop highly competitive bids that not only meet project requirements but demonstrate a clear path to successful completion.

Here’s what tools successful electrical estimators use to secure large construction jobs:

Estimating Software:

Specialized electrical estimating and takeoff software can simplify the estimating process, allowing for accurate calculations of material quantities, labor hours and overall project costs. These programs often offer electrical trade-specific databases for real-time pricing information.

Project Management Software:

Robust project management tools help estimators create detailed schedules, allocate resources efficiently and track project progress. This transparency allows for informed decision-making and cost control.

Cost Databases:

Access to reliable cost databases ensures accurate pricing for material costs, equipment usage, labor costs and some overhead costs based on current market trends and regional variations.

What Tactics Do Successful Estimators Use to Win Large Electrical Construction Jobs?

Winning large electrical construction projects requires not only a skilled workforce but also mastering estimating tactics.

Here’s what tactics successful electrical estimators use to secure large construction jobs:

Thorough Takeoff:

The takeoff process identifies all electrical components, their quantities and required labor for installation. A meticulous review of blueprints and specifications is crucial for ensuring accurate estimates.

Value Engineering:

Successful estimators propose alternative materials, methods or designs that can offer cost savings or improve efficiency without compromising quality or safety.

For example, as more companies move towards eco-friendly construction initiatives, consider suggestions of sustainable options like recycled materials or using solar energy.

Subcontractor Partnerships:

Getting key subcontractors involved early in the construction estimating process helps provide accurate pricing of specialized electrical work and potential value engineering opportunities.

Risk Assessment and Mitigation:

Large projects have inherent risks, including human error. Skilled estimators identify potential challenges and develop strategies to mitigate them, ensuring project costs stay on track.

Competitive Pricing with Transparency:

Pricing should be competitive but also reflect the true value proposition. Estimators should be prepared to explain their methodology and cost breakdown to build trust with clients.

What Should Estimators Keep in Mind When Estimating Electrical Jobs?

In large electrical construction jobs, inaccurate electrical estimates can lead to significant financial setbacks, project delays and even compromised safety.

However, a skilled electrical estimator can help avoid these pitfalls by considering industry best practices.

Here are some key considerations to ensure your estimates are accurate and competitive:

Project Complexity: Unlike smaller jobs, large projects often involve intricate electrical systems with specialty equipment and extensive documentation.
- Factor in the time and resources needed for thorough plan review and potential engineering involvement.
Lead Time and Material Procurement: Securing long lead time materials or specialty equipment can impact project timelines and costs.
- Estimators need to factor in procurement schedules and potential price fluctuations.
Logistics and Labor Availability: Large projects often require a significant workforce with diverse skill sets.
- Consider geographical factors and potential challenges in securing enough qualified electricians for the project duration.
Unforeseen Conditions: Even the most meticulous plans can encounter surprises during construction.
- Estimators should include contingency as a buffer to account for unforeseen site conditions or unexpected changes.
Phasing and Scheduling: Large projects often involve phased construction.
- Estimators need to break down the work into manageable phases and account for potential overlaps or dependencies between different electrical tasks.
Change Orders and Scope: Large projects can experience changes in scope during execution. Estimators should establish clear procedures for handling change orders and price adjustments to maintain profitability.
Safety Protocols and Insurance: Stringent safety protocols are essential.
- Factor in the additional costs associated with implementing safety measures and maintaining adequate insurance coverage for a large project.

By carefully considering these factors, electrical construction estimators can develop realistic and competitive construction bids that account for the complexities of large projects.

This increases their chances of winning the bid and ensures a smooth and successful project execution for both the contractor and the client.

Why is Estimating and Digital Takeoff Software So Effective for Winning Large Electrical Projects?

There’s a reason why estimating and digital takeoff software designed for the electrical trade have become essential tools for contractors, especially when it comes to winning large jobs.

Estimating and digital takeoff software empower electrical contractors to develop competitive, accurate bids for large projects. For electrical estimators, the software offers features like:

Pre-Built Assemblies: The software automatically recognizes electrical symbols used in blueprints and drawings.
- These symbols are matched with pre-built electrical assemblies within the software’s database to include items like lighting circuits, branch circuits, panel feeds and more.
Precise Quantities: Automatic measuring and counting of structured cabling systems gives an accurate count of all cabling components for more precise material quantities being ordered to avoid project delays due to material shortages.
Streamlined Takeoff: The software lets users select multiple end points and run takeoffs between them simultaneously.
- The estimator can now generate takeoffs for multiple circuits in one go.

These features can lead to increased win rates, better cost control and ultimately, a strong competitive advantage in the electrical construction industry.

Accuracy and Efficiency

Manual takeoffs, relying on paper plans and hand calculations, are prone to errors and time-consuming.

Digital takeoff software automates the process, extracting quantities directly on electronic blueprints. This minimizes errors and streamlines the process, freeing up valuable time for estimators.

Improved Cost Control

These programs offer trade-specific databases, providing real-time pricing information for materials and labor.

This helps estimators to develop highly accurate cost breakdowns, ensuring bids reflect the true project cost and minimize the risk of underbidding.

Reduced Risk of Missing Quantities

Large projects have numerous electrical components. Digital takeoff software automates the identification and quantification process, significantly reducing the risk of missing crucial elements and ensuring all necessary materials are included in the estimate.

Collaboration and Transparency

Many software solutions allow for real-time collaboration between estimators, project managers and subcontractors.

This fosters transparency and facilitates informed decision-making throughout the estimating process.

Improved Proposal Development

The software can generate detailed reports with breakdowns of material quantities, labor hours and costs. The software stores all reports and past estimates to guide calculations for similar future projects.

This data can be easily incorporated into professional proposals, showcasing the contractor’s expertise and commitment to cost control.

See How McCormick Can Help You Submit Winning Bids on Large Electrical Construction Jobs

Large electrical construction projects are huge undertakings, but by knowing what makes the job competitive, what tools and tactics successful estimators use and industry best practices to consider when estimating, you can submit winning bids.

To win large electrical jobs, it’s essential to create more accurate bids. By having accuracy from the start with your estimates, you greatly increase your likelihood of getting selected.

Consider using construction estimating and digital takeoff software to ensure your projects are being estimated correctly.

Finding a solution that is right for your company is crucial.

The most robust solutions allow you to complete estimating and takeoff in one system, keeping all the required budgeting information on one drawing in one place.

Tools like McCormick, estimating and digital takeoff software that is designed for the electrical trade, can streamline the estimation process and improve accuracy and efficiency.

With built-in electrical templates, estimators can use the software to upload information quickly while building bids.

See how McCormick helps you win big electrical jobs by talking to a specialist.