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#177707 - 05/10/08 02:29 PM
Commercial job estimate ( practice)
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sparkync
Member
Registered: 10/17/02
Posts: 434
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I am thinking about doing some estimates on bigger projects, but would like to have a practice bid first. Does anyone have a project that you have bid on and won, that I might be able to pratice on? I would like to figure the price, and see how close I come to your winning bid. I would like to try this "Before" I try an actual bid. I mostly do small work, though I have done large jobs before when I worked for "the other man". If you have one or know of one that I might try, it would be greatly appreciated. Thanks... Steve
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#177756 - 05/11/08 12:59 PM
Re: Commercial job estimate ( practice)
[Re: sparkyinak]
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LK
Moderator
Registered: 01/21/03
Posts: 1700
Loc: New Jersey
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Steve,
Estimating skills take years of practic to develope, and you need a good mentor to teach these skills, the statement low bids do not always win the jobs is true, when i worked for a company on the other end of things, I would sit in on the bid reviews, I was shocked to see the larger percent of bid winners were at or near the higher end of the project, many of your better companies, the ones with the ability to pay are looking for contractors with the experience, and a good track record on past projects, also the note to "READ THE FINE PRINT!!!. The devil is in the details, is critical in every bid.
There are classes on estimating, that have qualified instructors that can help you along the learning curve.
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#177757 - 05/11/08 01:05 PM
Re: Commercial job estimate ( practice)
[Re: sparkync]
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A-Line
Member
Registered: 07/23/04
Posts: 240
Loc: Utah, USA
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I recommend this book. It has some practice estimates in it that include a Bakery, Drug Store, Beauty Salon, Doctor's Office and Insurance Office. It steps you through the wole process of estimating these jobs.
http://mikeholt.com/EstimatingSoftware.php
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#178108 - 05/23/08 03:17 PM
Re: Commercial job estimate ( practice)
[Re: LK]
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wewire2
Member
Registered: 11/14/02
Posts: 63
Loc: California
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In my humble opinion,
you can calculate, figure, scrutinize and tally
all you want. The jobs usually won't go for more than what the market will bear. When the market is tight some contractors are so hungry they actually lose money in their quest to get back to work. Start by Figuring all the material and other overhead costs.
Break the job down into as many little segments as possible and put a labor figure on each task. Add the labor up and see if you get a warm fuzzy feeling inside when you visualize yourself signing the contract to actually do the job. After testing the market for a while you will get the feel of what the jobs are going for. Keep trying to push the envelope to get the best price you can for your services. If you are landing almost every job, it's time to beef up the bids a little. More info than you asked for but I thought it might also help other newbies.
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#178625 - 06/06/08 09:07 PM
Re: Commercial job estimate ( practice)
[Re: wewire2]
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sparkync
Member
Registered: 10/17/02
Posts: 434
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I just got a chance to do a considerably small commercial bid. (1) 3phase 100 amp panel, and (1) 400 amp 3 phase panel fed out of an existing traugh, 1440 sq. ft., mostly lighting, few receptacles, HVAC, etc. This seems to be about what I was looking for earlier. I expect I'll be bidding against some more experienced bidders, but I got to start sometime. Seems like if I'm ever going to really make it, commercial is the way to go. Seems like residential is slowing down anyway due to the economy in my area. Maybe this is my start in the big times 
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