How to Create Electrical Estimates Quickly, Easily and Accurately to Win more Business and Improve Your Profitability

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With over 750 million users worldwide, Microsoft Excel is the traditional tool of choice for presenting and analysing data.

For Electrical Business Intelligence BI, you generally have one of two choices when it comes to choosing a software platform. You can choose to use proprietary software that is trademarked and likely requires you to obtain or purchase an ongoing license, or you can use an excel platform software, which is an easy-to-use software that you can download and pay NO ongoing licensing maintenance fees for each computer you use. Advantages and disadvantages exist to using both. Read More

Change is a key component of Electrical Business and project ownership. Electrical Business Owners and Project Managers who successfully manage change in their business/projects and their own approach tend to build a strong, vibrant company and project culture that attracts talent.
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When most people in the electrical industry think about money in their business, they’re thinking about it in negative ways: budget constraints, worry, can’t afford it, jealousy of others on how and what they’re doing instead concentrating on their own electrical business and personal goals.
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IN AUSTRALIA TOO MANY ELECTRICAL CONTRACTORS GOING BUST! This is unacceptable; what should you do if you are an electrical business owner or manager?

YOUR FAST-TRACK TO WINNING JOBS BLUEPRINT

As Small to Medium Electrical Business Owners or Managers you need to be more entrepreneurial and innovative such as starting with a Strategic Business Plan with the flexibility to place at any-time your own creative and innovative entrepreneurial money making stamp into your business to avoid collapse such as using this continuous process.

This is your Strategic Business Plan and is a detailed systematic arrangement of the mind map process so everyone can simply follow and you need to change the way you are doing things to ensure the full benefit.
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Every Electrical Construction Contractor should have sample estimates and guides for training new estimators and updating experienced estimators. Lack of time often prevents the preparation of such material, with the result that many unnecessary mistakes are made and much estimating time is lost.

Electrical Construction Estimating is a process with proven functions and calculations which take into account not only material prices but also the productive efficiency of the total business. Read More

Pre-Builds and Per-Point Methods use the averaging calculation method are open to discrepancies in the final value of your tender or quote. 

For example say we sell rate quote for each power point with ten metres of cable we have:

• 1 double socket outlet $18.00
• 1 mounting bracket $1.00
• 10 meters Power cable 12.00
• Half hour labour to install $35.00
TOTAL Per Point $66.00

Using the Pre-Builds or Per-Point Methods say we have twenty power points in our quote we have a total of $1,320.00.

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A smart meter is an electronic meter for electricity that has a capability for remote communication.

Traditional ‘accumulation’ meters generally record total consumption over three month period.  This means customers are charged the same amount for the electricity they use no matter what time of day it is used.

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The electrical project management plan is the plan by which your electrical project will run.  It is a baseline so you have a point of comparison as you work through the electrical project tasks.  All electrical projects need to be planned and monitored using the same system of processes.

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You need to plan, implement and monitor according to these nine functions.  This is the internationally accepted approach to electrical project management.  The functions and your responsibilities are explained below.

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Every Electrical Contractor should have sample estimates and guides for training in not only material take off and pricing but also the productive efficiency of the total business.

An excel spread sheet with material pricing and associated labour time taken for each unit of material helps provide a beginning for new estimators and experienced estimators wanting to get back to understanding the basics in the functions and art in becoming a successful electrical estimator.

Each organization has different efficiency levels depending on the makeup and experience of the human resource on the particular functional outcome at the time of execution; the basic labour units will need to be updated regularly through a feedback loop from current projects as the make up the human resource changes over time in organizations. The efficiency level depends on the number of workers having the required skill level for each particular task.

Electrical contracting embraces a large variety of projects from domestic through commercial, industrial and mining to complex electrical systems, and it takes years of diversified training and experience to enable one to become familiar with all costs involved.

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