All buildings would need some electrical work at some point. As a building is being built, it would be important for the internal circuitry, power outlets and other units to be wired properly so that everything would be working properly once the building is finished. Contractors and building owners can be quite particular with the workmanship and precision of work that they require, so it’s important to put your best foot forward when making your qualifying bid on a commercial electrical job.
- The bid isn’t just about the cost itself. A lot of it also about the company’s reputation in the industry. If you really to make good business; make sure that your company is one of the leaders in your community in your field. Having high standards with the technology and work ethic would go a long way in being the choice of many contractors and owners. The word does get spread easily and quickly – and yes, it’s also true for the not-so-good news.
- Before making a bid, ask the contractor, developers and owner for a chance to survey the area and the build site. Ask for a copy for the floor layout so you could easily approximate and assess how much manpower, equipment, materials (such as wires and the like) and man hours would be required to finish such a task. It is never a good idea to have a bid that is not based on actual measurable costs so an ocular inspection the best way to go at things.
- Once you have the numbers all crunched up in your head, come up with the figure that would be the absolute break even cost of the project. This would be the combined total of the cost of man power (men multiplied by the number of man hours), cost of equipment and materials as well the necessary permits and insurance needed to make sure that the project continues without a hitch.
- Determine the amount of profit you want to make out of the project. This figure will have to be strongly influenced by the amount of competition present in the auction. The more bidders, the more likely it is that the price would be lower. Try to go as low as you can but not so low that the profit would be ridiculously low for the amount of work that you will be putting into the project.
- Try to strike deals with your suppliers and man power providers. Exclusive contracts would usually land you special rates and discounts. This makes your overhead cost even lower than competitors who do not have exclusive contracts with other outfit.
- Submit the bid document before the deadline with a careful tabulation of the things that will be covered by the job.
Bidding is all about covering all the bases with the least amount of money. The game starts early in the planning stage and that’s where your company has to be strong in.