Traditionally, electrical contractors used rudimentary systems to estimate project costs. You can’t really blame them — all they had was their adding machine, paper, pen, and business experience. What’s shocking is that in this age of new technology, many electrical service businesses still rely on guesswork during project planning and estimation. Are you one of them?
This hesitation to tackle project estimates is in some ways understandable. Developing a project estimate can be daunting because it is tedious, difficult, and time-intensive. It becomes even more difficult when the project grows in scale and complexity. The bigger the project, the more careful and meticulous the estimate needs to be—which makes the task even more challenging.
Without a solid and accurate project estimate, it’s much easier to go over the budget, choose the wrong supplier, end up with an understaffed team, or face other delays and problems.
For electrical contractors, especially those looking into large-scale projects, the best route is to look for innovative systems that will bring outstanding accuracy, detail, and efficiency when it comes to project estimation. Using the right software instead of estimating manually can deliver the following business advantages:
With any given project estimate, accuracy down to the last cent is the desired outcome. The right estimating software enables a user to predict, plot, track, and monitor actual versus estimated costs on labour, equipment, materials, and other contract expenses with transparency and detail, and minimum to zero error.
A software-based solution provides fast estimation without sacrificing the quality of results. Even the most complicated costing and cost comparisons can be computed without delay—a winning factor today, where urgency and timeliness are key to higher project success rates.
State-of-the-art project estimation software can be customised and integrated to existing systems, and aligned with business objectives. Therefore, it can be used to set standard operating procedures in the business, and allows for more consistent processes. With some adjustments, the system can even be used to estimate succeeding projects.
Quick and accurate project estimate development means a business is able to better serve existing and prospective customers. It is able to provide helpful information and timely responses to customer queries; this is essential to maintain a reputation as a reliable electrical services provider.
With the right project estimate strategy, a business can gain the trust of customers and grow for the long term.