Many contractors are experiencing lower profit margins despite having a remarkable workload because they constantly charge their services incorrectly. Sometimes, the problem may be admin-related or due to low labor rating or incorrect material pricing. Regardless of the reason, it all boils down to the lack of a proper estimation process.

Contractors can turn to electrical bidding software to get them out of the woods and back on their feet again. This article will detail the challenges you may be experiencing with traditional estimation processes and how electrical estimating software works to increase your bottom line.

Read on.

Challenges With Traditional Estimation Process

Although traditional estimation processes may seem to be working for you, they may bring more challenges in the long run. If you are considering growing your business, the manual estimation process may no longer serve your business goals.

Various challenges associated with traditional estimation methods include;

1. Lack Of Organization


It's almost impossible to organize estimates daily for busy contractors. Manual tracking of elements may prove difficult even to the most qualified contractors, especially when bulky paperwork is involved. Thus, contractors need to devise a way of organizing their estimates.


2. Poor Presentation


Traditional presentation methods may appear messy and unprofessional and may interfere with the customers' confidence and trust. If your customer cannot trust your proposal, you may end up losing them eventually.


3. Lack Of Accuracy


Using a pen and paper to do your estimations leaves plenty of room for errors. You might omit essential details that could cost your company millions of dollars. If you miss some details such as price, you might be required to comprise the quality of services and appear unprofessional.


4. Time Consuming


The manual estimation process may take more time than you think. In a scenario where you have to deal with multiple clients, the manual estimation process may take time for service delivery. Sorting out estimates for different days may require you to take more time getting back to the client, causing inconvenience and mistrust.

How Electrical Bidding Software works

Before we get into details of how electric estimation software works, its essential to know the different features associated with this software;

• Degree of difficulty selectors


Degree of difficulty selectors estimates the charge for different tasks depending on their difficulty. This feature guides contractors on how to charge accurately on various tasks and increase their bottom line.


• Energy Specific Formulas


Electric bidding software uses specific formulas to calculate the price based on voltage drops, fault currents, and the NEC tables to guide contractors to charge effectively.


• Items Database


Electric bidding software comes with a vast database of contractor-specific items that match the price with work done and help contractors charge accurately.


• Assemblies


An estimation software saves contractors time by providing multiple pre-build customizable templates to help build their assemblies.

How Electrical Bidding Software Increases Your Bottom Line.

● Generating equipment and hardware catalogs to simplify the ordering process
● Generate an accurate price list to help charge accordingly
● Prevent material mix up by providing an accurate illustrated description for every item
● Provide customizable professional proposals with a high success rate

Electrical bidding software helps contractors achieve a more accurate estimation process, improving their profit margins and increasing their bottom line.
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