Electrical estimating software
Are You Still doing Electrical Estimating Manually or Using Spread Sheets?
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How To Win More Jobs and Make More Money.
ELECTRICAL ESTIMATING STRATEGY #5
Send your price to all general contractors bidding a job.
When bidding competitive jobs you need every advantage you can get.
You may be invited by your existing (GC) general contractor customer to bid a certain project. Sometimes 5 or 7 or more contractors compete for the same project.
Stack the deck in your favor: Send your price to all 5 (GC’s) general contractors bidding the job. Since the winning GC will have your price, if your price is the lowest, guess what? You win the job! Electrical estimating software helps streamline the process for this.
Get it? Got it? Good!
BUT – Don’t ever go to the prom with one date and leave with another.
If you were invited by your customer to bid a project you want to protect him, meaning, you want to give him the best price.
You will:
Do not keep it a secret from your customer that you are bidding to all contractors. Tell them you are going to give them the best price and you will mark up your price higher to the rest of the contractors.
Make it clear to your customer that they are my preferred customer and they get preferred pricing.
That satisfies your customer and still gives you a shot at winning the job even if your customer does not get the job.
Mark up your bids to the other contractors whatever you think is best. 2 %, 3 %, 5% whatever you feel comfortable doing.
Reality check: Bidding to multiple contractors at bid time can be a real scramble. There is a lot of work to do to send your price to all GC’s.
Electrical estimating software allows you to quickly adjust pricing for different contractors so you can get your bid out.
Do this in advance, not at the last minute.
Your purpose for bidding to all GC’s is two-fold.
When you bid to all contractors on a job you dramatically increase the odds of winning more work, plus it helps you develop new business relationships for future growth.
Try Red Rhino Electrical Estimating Software free for 30 days.
Many customers report they double their estimating speed or better.
Red Rhino Electrical Estimating Software offers a 30 day free trial.
Just click this link to sign up.
You will immediately get access to our online software.
Training videos will guide you step by step to learn how to navigate.
The problem with electrical construction is you are always working yourself out of a job.
To keep making money you need electrical jobs.
To get jobs you need a bid pipeline. You estimate jobs continuously to get a continuous flow of work.
To bid more jobs faster you need electrical estimating software.
Red Rhino Electrical Estimating Software has many tools that speed up the electrical estimating process.
One of the coolest, fastest and best tools is the Conduit Wizard.
The Red Rhino Conduit Wizard is the fastest way to estimate conduit runs.
Red Rhino Conduit Wizard is the most used Wizard of all.
What types of conduit can you can estimate with Red Rhino conduit Wizard?
CLICK HERE TO SEE CONDUIT WIZARD – ESTIMATE HUNDREDS OF FEET OF CONDUIT IN SECONDS
Note: Conduit wizard inputs both labor hours and material pricing for conduit, couplings,
connectors, supports, elbow’s (90 degree bends), and total feet of wire needed.
CLICK HERE TO SIGN UP FOR FREE RED RHINO 30 DAY FREE TRIAL
List of types of jobs you can estimate using Red Rhino Electrical Estimating Software:
Red Rhino has built in labor for such items as:
Red Rhino Electrical Estimating Software features:
ALRIGHT ALL READY!! HOW MUCH DOES THIS STUFF COST?
“The most sure way to launch your electrical estimating business is to master the process of estimating projects.”
Try Red Rhino Electrical Estimating Software free for 30 days.
Many customers report they double their estimating speed or better.
Red Rhino Electrical Estimating Software offers a 30 day free trial.
Just click this link to sign up.
You will immediately get access to our online software.
Training videos will guide you step by step to learn how to navigate.
In construction you are always working yourself out of a job!
If you are an electrical contractor and you are not using Electrical Estimating Software you must be living in the wrong century because:
Electrical Estimating Software:
*Saves you a ton of time
*Makes your estimates more accurate
*Makes your pricing more consistent
*Makes estimating electrical projects more fun! Ha ha
OK not really fun, but it does make it a whole lot easier than using a pen and paper or spreadsheets.
If you would like to double your estimating speed,
Sign up for a 30 Day Free Trial of Red Rhino Electrical Estimating Software
CLICK HERE FOR 30 DAY FREE TRIAL OF RED RHINO ELECTRICAL ESTIMATING SOFTWARE
As promised here is a strategy to help make more money.
STRATEGY #1 – Electrical Estimating Strategy to “Wire” Your Business for MORE Profit
Raise your prices.
YEP! The fastest and easiest and simplest way to make more money is to raise your prices.
When I tell people to raise their prices I get the questioned, “how could I raise my prices in this economy”, or
“how much should I be charging”?
The answer to that question depends on a lot of factors and unfortunately I cannot answer it. I can tell you this.
Most contractors who are just starting out charge way less than their competitors, believing they will get more work.
While I understand your motive if you do that but, it is a big mistake because when starting you need money for new tools
and trucks and expansion.
When you charge bottom dollar and try to compete with in that arena it’s called “Race to the bottom!
You will likely end up working for another contractor if you keep offering low prices.
Tips how to make more money:
• Increase your hourly rate.
• Add a truck and tool charge for every job.
• Keep existing customers at the same price for a few months and increase your rates for new customers.
• Specialize and increase your price for your specialty.
• Increase your mark-up for materials.
Call around and find out what your competitors rates are. You should be charging slightly below top market price.
Raising your price is the fastest way to improve your business profit right now.
Making even a small increase to your price can add up to thousands of dollars additional profit every year.
Example: If you add a $50 dollar truck and tool charge for service calls or small jobs you estimate and do, and you do this 50 times
per year (average 4 per month) you add another $2,500.00 income to your volume in just one year.
Implement several small price increases, and you could add thousands or tens of thousands of dollars to your bottom line!
Best Success to all Electrical Contractors and Construction persons!
John Kelsey
