MEP estimation is the systematic process of determining the total cost and material requirements for the mechanical, electrical, and plumbing components of a construction project. This includes evaluating design specifications, taking precise measurements, and considering factors such as material costs, labor, equipment, overhead, and profit margins.MEP estimates can be made in a few ways. Most notably, mechanical estimates, electrical estimates, and plumbing estimates are performed according to the project’s needs in each of those areas and what the drawings show as necessary, and the resulting numbers are added together. Of course, other important factors are considered and added in before the final bid is produced.There are various methods for doing this, but it’s often most accurate and reliable to gauge the needs of the project according to the drawings, develop an order of necessary parts, determine the cost of that materials order, factor in working conditions, and then double-check the estimate against the plans of other team members.This is time-consuming, and there are still other considerations beyond MEP that must be added before developing a bid, but it is more accurate than square-footage estimates, generalized per-point estimates, and other popular and faster methods.
Your MEP estimate isn’t something to take lightly. While it’s not the sole determining factor for your bid, it is a major part of it. Y If you use an inaccurate MEP estimation method, such as the square-footage method that is generally used for speed, you can easily overprice a job by thousands of Pounds, and the client will hire whichever competitor got it closer to the actual project cost. On the other hand, you can greatly undervalue the project, and you can lose money on it. Since your MEP estimate will make up the bulk of the overall bid, that means that any mistakes or corner-cutting methods will have an even bigger impact on that final bid. You want to use a method that is accurate, and then you want to check it against multiple other methods to see if you’re missing anything. You only get one chance to place a bid, and you want it to be one that the client simply can’t refuse.
Our bid is supposed to perfectly balance the price of your service to create two effects. First, it has to cover the cost of the project while still providing a reasonable profit. You are a business, after all. However, it also has to meet the current market standards and be competitive with local competition.To achieve those goals, there should be very low tolerances in your price estimates. You want everything to be as exact as possible because that’s how you keep the price in an attractive range while squaring away your own needs.
Whether you need mechanical, electrical or plumbing systems estimating services for a commercial project like an office building, restaurant, hotel, retail store, shopping mall, institutional building, high-rise building etc, we are at your service. Our MEP estimating expertise ranges from new installations to renovations, improvements to additions for all types of commercial facilities.Our team of commercial MEP estimators delivers the most reliable and cost-effective cost evaluations for your commercial projects while having a special focus on precision and attention to detail.
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