Your Electrical Estimating Software Cannot Replace Your Electrical Estimating Knowledge
Even the most sophisticated electrical estimating software cannot substitute sound electrical estimating knowledge. The bids should be made accurately, which can only be achieved by understanding electrical systems, labor costs, and material requirements.
Here’s why:
- The software is dependent on the data you feed it- if you are not aware of how to estimate correctly, the results will still be faulty.
- It will not inform you whether your offer is competitive or not.
- Electrical estimating experience can assist you in interpreting the results in the right way and correcting the unusual challenges of the project.
- Bid inaccuracies through the use of electrical estimating software in the absence of appropriate estimating knowledge will cost you jobs or profits.
Your Electrical Estimating Software will not ensure that you will win more jobs.
Electrical estimating software assists in making your estimates more accurate and efficient, but it does not ensure that you will win more bids. The factors that affect winning a job include:
Your pricing competitiveness in your domestic market.
- The excellence of your proposal and presentation.
- Reputation and experience of your company.
- The relationships with clients and negotiation.
When you always lose bids, it may not be the software, but it may be the market or pricing policy.
Estimating Labor – Part 1 – Estimating 101.
Most contractors assume that when they buy electrical estimating software, they will instantly become better at estimating. Software is, however, not a teacher, but a tool. This is what you should take into consideration:
It is no use having your Electrical Estimating Software when you are bidding in the wrong market.
In case your company continues to lose bids, then that may be an indication that you are not in the right market. Electrical estimating software is not going to solve that issue. Consider these factors:
- Do you bid on the projects that are within the capabilities and strengths of your company?
- Do your competitors always underbid you?
- Do you have to sharpen your strategy and focus on more lucrative projects?
Even the finest electrical estimating software will not alter the market you are in; it will only refine your bidding process.
Do Not Expect To Buy Software Today And Start Bidding Tomorrow.
Most contractors believe that they can buy electrical estimating software and start using it successfully. The software is, however, time-consuming to set up and integrate. Here’s why:
You will be required to enter and personalize your pricing database.
You Have To Know How To Work The Software Features.
It might require you to spend time setting up connections in case it is cloud-based or connected with supplier data. You will have to anticipate a setup time before you can fully use the software in your daily estimating activities.
Right Electrical Estimating Software Can still change your business.
Although electrical estimating software is not a panacea, it can greatly enhance your efficiency, accuracy, and profitability, provided that you have reasonable expectations. In need of a trusted, easy-to-use solution? Then look at BestBid Estimating as a powerful tool that makes estimating easy.
Knowing what electrical estimating software is capable of and incapable of will enable you to maximize your investment. Make it a good use, continue learning, and perfect your bidding techniques to remain competitive and successful.
