How do MEP engineers estimate project costs?
In order to estimate a project cost, MEP engineers must first know the scope of work, then it comes the traditional approach which is the following:
- Dividing up the work and breaking it down into defined areas, such as Mechanical, Electrical, and Plumbing. …
- Each of these structures will be further divided into cost items, with are measurable quantities of materials, labor and for some tasks; equipment cost is also included.
- MEP engineers assign a unit cost to each item based on the local prices.
What is the role of MEP in construction?
What are MEP materials?
What is the difference between HVAC and MEP?
Where your bids have room for improvement
Before we go much further, take a moment to think back over the last several bids you’ve handed in.
Can you see where the customer may have been left wanting in the way you researched, formatted, and presented your estimates and bid? Can you highlight what it was about each lost job that caused the customer to look elsewhere? Or, what it was about a given bid that won you the job?
This kind of “post-mortem” analysis of each bid can quickly surface gaps in your current estimating and bidding process, and each gap you identify provides an opportunity for improvement. And, it doesn’t need to take hours. If you’re experienced, you can probably answer most of those questions off the top of your head in a few minutes.
Customer and prospect interviews
Sometimes, however, it does need to go a little further. Rest assured, you’re going to get a healthy return on this time investment. One simple and effective way to gather information for these “gap analyses” is to interview at least a portion of the prospects and customers you’ve presented bids to, whether you won the job or not.
Just a few quick and simple questions, couched in a sincere desire to continually improve your process, can yield valuable information while also enhancing your firm’s reputation in the eyes of the prospect or customer.
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Accurate MEP Estimating Services You Can Trust
We take an approach that will simplify large & complex projects into many smaller manageable categories. Accuracy and simplicity combine to help deliver an easy, hassle-free experience that exceeds your expectations. When it comes to estimating quantities and calculating costs, Real Estimating Service takes an on-demand business model. No contracts or obligations mean more freedom and flexibility for you. Here are a few reasons why you want to work with us. Click here for more details Please.
Not relying on your employees or crew to manually estimate your materials helps automate your process. Having a streamlined process delivers enhanced results and greater flexibility in your ability to bid. With Real Estimating Service’s dependable MEP estimating, you can focus on other more important aspects of the business.
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Have the power to access your takeoff from anywhere. Easily view and analyze your materials from any wifi connected area. The power of the cloud gives you the ultimate convenience when working from the office or on the go. Either way, you’ll be prepared.
When we say comprehensive, we mean fully dynamic. We’ll help you incorporate your labor costs, material costs, and much more. Let’s get started on discussing the specific project you’re bidding. We’ll deliver a solution that helps you win. Contact the Real Estimating Service team today to get started.