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Archives for July 2015

Still Electrical Estimating Manually?

July 23, 2015 By John Kelsey

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Are You Still doing Electrical Estimating Manually or Using Spread Sheets?

Never Bring a Knife to a Gun Fight

Wiktionary Definition – Never Bring a Knife to a Gun Fight: To enter into a confrontation or other challenging situation without being adequately equipped or prepared. [Read more…]

Filed Under: Electrical Estimating Software Tagged With: electrical contractor, Electrical Contractors, electrical estimating, Electrical Estimating Software, Red Rhino Electrical Estimating software

Electrical Estimating Win More Jobs

July 16, 2015 By John Kelsey

electrical estimating stacking the deck

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:

  1. Give your customer a slightly lower price.
  2. Mark up the price to all other GC’s slightly.

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.

  • Call each general contractor bidding the job.
  • Introduce yourself as a person/ company who wants to bid the job.
  • Get contact information of the person responsible for bidding that project.
  • Speak to that person and ask if it is OK for you to send them your price for that project.
  • Send your bid on time
  • Follow up with a phone call to confirm they received your number. Remember, The fortune is in the follow up!

Your purpose for bidding to all GC’s is two-fold.

  1. You want win the project and get the work.
  2. Even more important, you want to develop relationships with other general contractors so you can work with them on future projects.

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.

Red Rhino Electrical Estimating Sofware | 30 Day Free Trial

 

Call us if you have questions.

866-444-7411 X 1

Filed Under: Electrical Estimating Software Tagged With: electrical contractor, Electrical Contractors, electrical estimating, Electrical Estimating Software

Double Electrical Estimating Speed

July 13, 2015 By John Kelsey

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?

  • PVC – SCHEDULE 40 & 80
  • PVC – EB/DB – ENCASED BURIAL/DIRECT BURIAL
  • EMT
  • RIGID METAL CONDUIT
  • PVC COATED RIGID (ROB ROY)
  • MC CABLE & HOSPITAL GRADE MC CABLE
  • STEEL FLEX / ALUMINUM FLEX
  • SEAL-TITE

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:

  • Residential – Romex, SER cable, plastic boxes, panels and services
  • Commercial – Conduit and wire, switch gear, EXO’s, transformers
  • Light industrial – Buss duct, cable tray, motor connections,
  • Structured cabling / Low voltage – Pre-built assemblies (horizontal, closet, indoor back bone, outside plant)
  • Fire alarm – Panels, sensors, devices

Red Rhino has built in labor for such items as:

  • Devices like switches and plugs
  • Panels and switch gear up to 4,000 amps
  • Transformers
  • Lighting fixtures
  • Disconnect switches – 240 volt and 600 volt
  • Circuit breaker termination labor (1 pole, 2 pole and 3 pole up to 4.000 amp)

Red Rhino Electrical Estimating Software features:

  • Available Online 24/7 – Log on from any computer.
  • Thousands of material items with pricing updated monthly plus built in labor.
  • Easy – step by step video instruction.
  • Conduit Wizard to estimate thousands of feet of conduit in seconds.
  • Pre-built assemblies makes for lightning fast material entry.
  • Affordable low monthly fee.

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.

Red Rhino Electrical Estimating Sofware | 30 Day Free Trial

Call us if you have questions.

866-444-7411 X 1

Filed Under: Electrical Estimating Software Tagged With: electrical contractor, Electrical Contractors, electrical estimating, Electrical Estimating Software, Red Rhino Electrical Estimating software

Electrical Estimating Strategy “Wire” More Profit

July 7, 2015 By John Kelsey

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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

Filed Under: Electrical Estimating Software Tagged With: electrical contractor, electrical estimating, Electrical Estimating Software

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Hard Hat Industry Solutions, Inc.
P.O. Box 16309
Irvine, CA 92623
Phone number:
888-492-5565 x 1
Office Hours:
8:00 AM – 5:00 PM PT (Monday - Friday)

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