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- Electrical Basics

In the Ballpark

Published Thursday, February 01, 2007

Webster's defines estimate as: “A statement of the cost of work to be done.” For those of us in the electrical world, what this really means is: “How much is it going to cost to do the electrical work for this project?” What the electrical work will sell for is another matter. That would be bidding, which is a whole different approach, and a topic for future discussion. Types of estimates include conceptual, budgetary, design development, and unit price. The unit price estimate is the most accurate — and best suited for construction bidding. The unit price estimate ...

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