Quotes for Electrical Engineering in 2025 and Influencing Factors

To achieve accurate electrical quotes for 2025, it is vital to closely examine the updated electricity tariff and other critical cost components such as materials and labor. Contractors need to calculate the operating costs of M&E systems based on new electricity prices.

Electricity Prices 2025 and the Impact on Electrical Systems

The increase in commercial and industrial 3-phase electricity by 4.8% from May 10, 2025, has significantly affected the input costs of electrical projects. Especially, components using 3-phase electricity have seen a notable price increase. For example, at a voltage level below 6kV, peak hour costs rise to 3,640 VND/kWh. This requires contractors and investors to adjust calculations for operating electrical equipment to optimize costs. It is advised to closely follow announcements from the Ministry of Industry and EVN for updated electricity prices and make suitable adjustments.

The retail electricity price adjustment in Vietnam from May 10, 2025, with a 4.8% increase from 2,103.12 VND/kWh to 2,204.07 VND/kWh, alongside the prepaid meter rate of 2,909 VND/kWh, requires businesses to prepare for significant changes in electrical systems.

1. Increased Operating Costs Energy costs are core to operating electrical systems. With a 4.8% electricity price hike, the costs of producing, installing, and maintaining electrical systems such as lighting, air conditioning, and automation equipment will increase considerably. This may lead businesses to engage in optimizing energy costs to reduce total operating expenses.

2. Impact on Investment Decisions With adjusted electricity prices, investors need to reassess current electricity usage. Emphasizing energy-saving technologies like high-efficiency devices and automation systems has become essential. Thus, optimizing electricity costs is more critical than ever.

3. Encouraging Renewable Energy and Smart Management Higher electricity prices increase the competitiveness of renewable energy solutions such as rooftop solar. Moreover, smart energy management technologies are increasingly prioritized to reduce grid dependency and save long-term costs.

4. Impact on Electrical System Design and Operation Engineers and designers must adjust approaches to meet new energy-saving requirements. Selecting LED lights, inverters, high-efficiency HVAC systems, and smart controls are feasible strategies to reduce electricity consumption. By applying these solutions, businesses can maintain stable operational efficiency even as electricity costs rise.

Thus, the electricity price adjustment will broadly affect all aspects of electrical system management and operation, forcing businesses to seriously consider cost optimization and advanced technology application.

Factors Determining Electrical Quotes

Electrical quotes include components such as equipment costs, labor, design, installation, and maintenance of M&E systems. Electricity price is a critical factor to consider when calculating quotes. Specific components in electrical quotes may vary depending on project size and techniques used. To optimize costs, projects should choose equipment and material suppliers that meet standards with reasonable budgets. This is an important strategy to ensure project efficiency within the proposed budget.

In modern construction, electrical quotes are crucial to project success. Accurately identifying factors influencing electrical costs helps investors effectively and economically budget electrical systems.

Detailed analysis of the following components:

• Scope and content of work: Electrical quotes are heavily dependent on the scope and content of work, including electrical, water, HVAC, ventilation, and other electrical equipment systems. Larger scope and more complex work details require higher costs.
• Technical complexity: Complex systems such as numerous electrical points, single-phase or three-phase systems, or applying intelligent control devices raise costs due to the need for skilled electrical labor.
• Technical requirements and construction standards: When projects set high safety and quality standards, using modern materials and construction technologies is mandatory, thus increasing costs.
• Labor costs: This is a significant part of electrical costs, influenced by labor quantity, skill levels, and market wages.
• Materials and equipment used: Officially listed equipment prices, e.g., Cadivi, LS, ABB, etc., affect total quotes. Selecting high-quality, environmentally friendly materials can increase costs.
• Contractor capability and experience: Competent contractors usually offer competitive but higher electrical quotes due to quality commitments.
• Contingency and unforeseen costs: Reserving funds for unforeseen expenses is essential.
• Sustainable tender requirements: When sustainability and environmentally friendly products are required, tender execution costs may significantly rise.

In summary, electrical quotes need careful consideration of factors like technology, materials, labor, and high standards to ensure quality and economic efficiency.

Special Considerations in Electrical Quotes

An important note when providing electrical quotes is that there is no fixed common price list. Quotes depend on the specific requirements of each project, with pricing based on material, labor, and installation technique costs. Additionally, fluctuations in residential and industrial electricity prices significantly affect final quotes. Contractors need to conduct thorough surveys and provide appropriate quotes, ensuring technical and safety standards for projects.

• Capacity Assessment Document
  • Check experience and capability: To choose a suitable electrical contractor, first check their capacity documents. Contractors must provide documentation on similar projects they have successfully completed. This ensures sufficient experience to execute projects and meet necessary technical standards.
  • Financial capabilities: Equally important is the contractor’s financial capability. Ensure they have sufficient cash flow to prevent projects from being stalled or delayed due to capital shortages.
• Clear Quotes and Detailed Contracts
  • Request multiple quotes: The process of electrical budgeting requires comparison between multiple quotes, especially from 3-4 contractors. This helps choose the most reasonable electrical quote. The lowest price is not always the best; ensure that price comes with project and service quality.
  • Detailed contracts: When concluding electrical contracts, ensure that all terms, conditions, benefits, and responsibilities are clearly stated to avoid future disputes.
• Reputation Assessment Through Customer Feedback
  • Online reviews: Reviewing evaluations and comments from previous customers can provide deep insights into service quality and contractor reputation.
• Pricing and Service Quality
  • Affordable pricing: A key factor in the electrical quoting process is balancing electrical material costs and service quality. Always choose contractors who commit to quality rather than focusing solely on low costs.
  • Project quality: Contractors need to commit and be transparent about the quality of implemented projects, meeting technical and safety standards.
• Construction and Warranty Time
  • Construction time: It is important to ensure contractors can complete projects on schedule as agreed in electrical contracts.
  • Warranty period: Reputable contractors will provide long-term warranties, ensuring support services after project completion.
• Calculating and Quoting By Area
  • Pricing by area: Especially in projects like factory construction, quotes are often prepared based on square meter area. Each project phase from basic design to construction design may apply different pricing, depending on the technical detail required.

By timely capturing electricity prices and material cost factors, electrical projects can optimize budgets and improve investment efficiency. Carefully considering each operational aspect helps ensure reasonable pricing.

Contact QuangAnhcons via Hotline: +84 9 1975 8191 to receive detailed and updated electrical quotes.

QuangAnhcons offers consultancy and implementation services for electrical systems, ensuring technical and financial needs are met for each specific project.