💡 Module 4: Material Costs & Pricing

Learn how to determine accurate material quantities, apply current pricing, and use cost databases in your estimates.

🎯 Learning Objectives

This module will teach you to understand how to convert your takeoff into dollars. Below are in-depth explanations of each learning objective:

📌 Calculate Material Quantities from a Takeoff

Once your plan review and takeoff are complete, you’ll need to turn the counts, lengths, and areas into material needs. This includes calculating total feet of conduit, number of boxes, fixture counts, and quantities of wire based on circuit lengths.

📌 Use Unit Pricing and Cost per Foot

Learn how to apply per-unit pricing (like cost per linear foot or per device) to your takeoff results. We'll show examples of how pricing multiplies with quantity to build a running total per item category.

📌 Apply Vendor Quotes and Pricing Updates

Prices can change weekly. We’ll walk through how to obtain quotes from vendors or distributors and how to update your estimating sheets or software so your prices are always current and competitive.

📌 Review Common Materials and Pricing Structure

We’ll explore categories of common materials (conduit, wire, panels, devices, lighting) and how they are typically priced in the market, with examples from both residential and commercial projects.

🎬 Module Video