Electrical Contractor Job Bid Calculator

How do you compare a fixed electrical quote with time and materials?

Build the fixed quote from direct cost, overhead, contingency, and target margin. For time and materials, multiply worker-hours by the customer labor rate and add marked-up materials and other direct charges at cost.

Worked example

Two electricians working four hours at $45 loaded cost produce $360 in labor cost. If materials and other costs add $440, a 20% margin requires a $1,000 fixed quote.

How this calculator works

1. Choose the scope and enter your unit costs, crew or schedule assumptions.
2. Read the estimated costs and the result based on the inputs above.
3. Compare scenarios before copying or printing your estimate.

Include permits and equipment where applicable. A fixed quote needs explicit assumptions about access and scope. Time and materials typically changes with actual time and materials used.

Last reviewed: November 12, 2026 · Deepak Softech

Frequently asked questions