Components of a price

A great percentage of electrical work is acquired through the estimating process and most jobs are awarded to the contractor who has the best perceived price, but not necessarily the lowest.

Cost of any project is significantly impacted by how well the job is managed.
Job management controls the cost of a project.
Proper management is often difference between profit and loss.
Therefore main factors, in determining the ultimate cost of a project are:

Labor – Units, represents the approximate time to install an electrical product, component or equipment.
Based on the assumption that highly trained, skilled electrician is completing the task under standard installation conditions with the proper tools.
Labor Units are expressed in units of decimal hours.
If you know the quantity of each material required for a job, you can easily determine the labor required.

Included components of labor units are:

Labor units do not include:

Additional labor requirements for job to be considered:

Labor cost for a job is determined by multiplying the total adjusted labor-man hours by the labor rate per man hour.

Direct job expenses often are not shown on the blueprints but must be considered: