Electrical Code and Wiring Methods – Key Concepts and Calculations (1) 1 of 6 2026-03-23
Electrical Code and Wiring
Methods – Key Concepts
and Calculations
Page 1 of 6Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_Page 1 Electrical Code and Wiring Methods – Key Concepts and Calculations (1).pdf
, Electrical estimating exam 2 of 6 2026-03-23
Terms in this set (19)
The estimate price to determine the cost of project before you actually do The work, must
take into consideration, variable job conditions, the cost of material labor
cost labor, availability, direct job expenses, and management (overhead)
The Bid price Once you know, your estimated cost add the profit to determine the bid
price of a job
Competitors Try not to bid jobs that have more than four competitors
Estimating tools Proper tools, reduce human errors and increase efficiency and quickly
pay for themselves
Competitive Bid Whoever has the lowest price
Design/Build Bid Electrical contractor designs, and constructs the electrical wiring
according to written specifications
Page 2 of 6 Page 2 Electrical estimating exam.pdf
Electrical Code and Wiring
Methods – Key Concepts
and Calculations
Page 1 of 6Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_Page 1 Electrical Code and Wiring Methods – Key Concepts and Calculations (1).pdf
, Electrical estimating exam 2 of 6 2026-03-23
Terms in this set (19)
The estimate price to determine the cost of project before you actually do The work, must
take into consideration, variable job conditions, the cost of material labor
cost labor, availability, direct job expenses, and management (overhead)
The Bid price Once you know, your estimated cost add the profit to determine the bid
price of a job
Competitors Try not to bid jobs that have more than four competitors
Estimating tools Proper tools, reduce human errors and increase efficiency and quickly
pay for themselves
Competitive Bid Whoever has the lowest price
Design/Build Bid Electrical contractor designs, and constructs the electrical wiring
according to written specifications
Page 2 of 6 Page 2 Electrical estimating exam.pdf
