Building upon the principles taught in NECA's Basic Estimating course, this course focuses on the strategy and business decisions made during the estimating and bidding processes. The course will assist estimators and managers think strategically in how they find, evaluate, and bid electrical construction projects.
Following this course, participants will be able to:
- Explain the estimator’s role and responsibilities throughout the bidding process
- Define estimating terminology
- Evaluate bidding opportunities for most desirable projects
- Analyze factors have effects on cost and labor productivity
- Evaluate the potential risk factors of a project
- Discuss the risks and responsibilities identified in the project specifications, labor agreements, scope letters, and standard contracts
- Describe the difference between overhead and profit and how they are applied to estimates.
Target audience: Individuals with a firm grasp of basic estimating principles and experience preparing bids.
Prerequisite: Basic Estimating of Electrical Construction or similar industry experience