TL;DR
Learn electrical project estimating, bidding procedures, and business management principles. Business knowledge is essential for master electricians and tested on licensing exams.
Free Estimating & Bidding Practice Questions
Master Electrician License Exam · Business & Project Management
This module covers Estimating & Bidding as part of the Business & Project Management section, testing your understanding of core concepts and their practical application.
| Exam | Master Electrician License Exam |
| Pass Rate | 45% |
| Duration | 300 minutes |
| Module | Estimating & Bidding |
Why Estimating & Bidding matters
Estimating & Bidding appears on master electrician exams because business competency is required for contractor licensing.
Sample Practice Questions (5)
1. When pricing a change order for additional work on a project, which approach is most commonly accepted in the industry?
- Time and material (T&M) with documented labor hours, material receipts, and an agreed markup percentage
- A flat fee based on the electrician's estimate without documentation
- The original contract price divided by the number of change orders
- Free of charge as goodwill to maintain the relationship
2. A material takeoff for a commercial project shows 2,400 feet of 3/4" EMT conduit is needed. Conduit comes in standard 10-foot sticks. Accounting for 10% waste, how many sticks should be ordered?
- 264 sticks
- 240 sticks
- 220 sticks
- 300 sticks
3. A contractor’s annual indirect costs are $240,000 and annual direct labor billings total $960,000. What overhead percentage should be applied to direct costs in a bid?
- 15%
- 20%
- 25%
- 30%
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Start practicing free →4. When estimating a project, the labor unit for installing a standard duplex receptacle on an existing circuit typically includes which of the following?
- Mounting the box, pulling wire, making connections, installing the device, and installing the cover plate
- Only mounting the box and pulling wire
- Only making the electrical connections
- Only installing the cover plate and testing
5. A change order on a project adds 50 additional recessed LED fixtures. The contractor should price this change order based on:
- The original bid unit prices only, with no adjustment
- Current material costs, estimated labor, overhead, and profit
- Material cost only, since labor was already included in the original bid
- Whatever the owner is willing to pay
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