Electrical Estimating

When I was contracting people used to say how in heavens name do you price these jobs. They ranged from a few hundred quid to hundreds of thousands. If only they knew! My cost analysis was not much more than a gut feeling with the bare minimum of empirical assessment. Still, it saw us through for 25 years. I never really knew how much money was made on individual jobs but it obviously was enough to keep a healthy financial footing for the wee company.

I have to say, however, that was back in the good old days when mark-ups were buoyant. Now it seems that sophisticated computer programmes are used to establish how much the project will cost then you decide how much you can afford to mark it down hoping that your wholesalers and subbies will help you take a hit!

When I was contracting people used to say how in heavens name do you price these jobs. They ranged from a few hundred quid to hundreds of thousands. If only they knew! My cost analysis was not much more than a gut feeling with the bare minimum of empirical assessment. Still, it saw us through for 25 years. I never really knew how much money was made on individual jobs but it obviously was enough to keep a healthy financial footing for the wee company.

I have to say, however, that was back in the good old days when mark-ups were buoyant. Now it seems that sophisticated computer programmes are used to establish how much the project will cost then you decide how much you can afford to mark it down hoping that your wholesalers and subbies will help you take a hit!