We provide electrical estimates as a detailed projection of the expected costs for all electrical work and materials required to accomplish your project. Often individuals and contractors have out of date pricing or general assumptions of electrical costs. A detailed estimate clarifies expectations for costs, timelines, and implementation process. NOTE: Electrical estimates are based on available information and physical site visibility. All non-visible issues cannot be planned for. Unknown and client alterations will result in change order requests.
PTX Electric provides electrical estimate breaks down with anticipated costs for labor, materials, equipment, subcontractors, travel, project management, permitting and other associated site costs. We tend to organize estimates into sections or areas of the project. With the estimate we will have a component of detailed scope and detailed exceptions.
Our electrical estimates provide an accurate prediction of the project's costs based on specific project plans, specifications, and available information. Our team considers working with the specific city, the type of building or strata, the number of trades collaborating on the project. Finally, when a site visit is necessary, our estimator asks many questions to find out the product goals and use case of the space.
An electrical budget is used during the project planning and management phases. It outlines the expected costs and financial plan for executing the electrical work within a construction project. We provide electrical budgets when doing COST PLUS Implementation. Cost plus is where we do work on hourly labour rates, materials plus markup and overhead by the hour. PTX provides weekly updates and requests bi-weekly draws.
An electrical budget includes all costs associated with the electrical scope of work, such as labor, materials, equipment rental, permits, inspections, and any other project-specific expenses. It can also consider contingencies for unexpected costs.
While an electrical budget should be reasonably accurate, it is more of an educated guess. Budgets are very fluid and will be constantly adjusted as the project progresses and actual costs become clearer.