Electrical Contracting Software

See How Much BidPak Can Save You:

Calculate Your ROI

This ROI calculator demonstrates how BidPak software can significantly impact an electrical contractor's profitability by streamlining their bidding and procurement processes. After reviewing and analyzing our BidPak customers over a 12-month period, we discovered they were consistently saving time and money, and that's why we created this calculator to help you see the potential benefits for your business.

BidPak allows you to increase your productivity and boosting your bottom line by improving a few simple things you are already spending time on, and here is how: reduce the number of site walks, eliminate multiple or daily visits to your favorite distributor or retailer, while using our Visual Designer that automates the creation of your proposals, invoices and bill of materials in minutes! In doing this you'll gain back valuable time to complete more projects or spend it on the lake, like Kevin, our Founder/Chief Product Officer had in mind when he created BidPak in the first place!

Key Assumptions:

Average Project: $10,000 ($2,400 materials, $4,800 labor, $3,000 profit)
Annual Projects (Traditional): 64
Traditional Contractor Hours: 57.5 per project (9.5 non-productive, 48 on-site)
Labor Rate: $80/hour

BidPak Benefits:

Time Savings: BidPak primarily saves time in material procurement (4 hours per project), along with smaller savings in site walks, design/scope, invoice and proposal preparation. This reduces non-productive time to 2.75 hours per project.
Reduced Labor: This translates to a total project time of 50.75 hours with BidPak, a savings of 6.75 hours or $540 per project.
Increased Projects: The time saved allows the BidPak user to complete 9 additional projects for a total of 73 projects annually, compared to the traditional contractor's 64.

Financial Impact:

Increased Profit from Labor Savings (Existing Projects): $34,560 annually from increased profit and 432 hours saved with improved efficiency
Increased Revenue (Additional Projects): $90,000
Increased Profit (Additional Projects): $31,860
Total Increased Profit (BidPak): $66,420
BidPak Cost: $2,148/year ($179/month)
Return on Investment (ROI): 2,992%

In summary: Based on our real-world customer data, BidPak helps reduce non-productive time, particularly in material procurement, allowing contractors to complete more projects and significantly increase their profitability. The calculator estimates a substantial ROI, demonstrating the potential financial benefits of implementing the software. By reducing site walks and eliminating unnecessary trips to suppliers, BidPak gives you back valuable time – time you can use to grow your business or simply enjoy more of your personal life.

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