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2025SU ELC-121-02HY Electrical Estimating
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To ensure that your bid is accurate, you need to verify that you have not made any of the typical errors.
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The "______" bid is the only kind of bid you want to produce.
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Most contractors apply profit as a percentage of break-even cost, so be sure to use a markup multiplier, not the percent of profit to sales value from the _______!
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If the economy is strong or the market is expanding, prices and profits typically ______.
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Before you ______, do as much bid analysis as you can to ensure that your bid is as accurate as possible and that nothing fell through the cracks.
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Be sure you review the plans and specifications one final time before ______, and make sure you understand all of the bid conditions.
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Another quick check is to divide branch-circuit wiring by branch raceway lengths. If the answer is less than 2 or more than ______, that is a warning sign to check for errors.
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A reasonable profit margin will be whatever ______ without gouging the customer.
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A quick check worth doing is to ______ the total footage of branch raceways ______ the number of outlets.
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To determine the break-even cost, all you need to do is add the cost of labor, material, direct job expenses, overhead, and profit together.
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