5 mistakes every wire harness contract manufacturer needs to avoid for faster and more accurate quotes to win EV station projects
Nov 24, 2024
Introduction: Quoting mistakes can cost you millions
The electric vehicle (EV) market is booming, and so is the demand for EV charging stations. By 2027, this industry is expected to reach $39.2 billion, driven by a 31.2% annual growth rate (Grand View Research). For wire harness contract manufacturers, the opportunities are vast, but so are the risks. Quoting for these projects can be your ticket to success—or the reason you lose out to better-prepared competitors.
Think about it: how many contracts have slipped through your fingers because of missteps in your quoting process? How much time and money have you wasted fixing avoidable errors? The quoting phase isn’t just paperwork; it’s the foundation of your success. If you get it wrong, the costs can be devastating.
Let’s look at five common quoting mistakes that could be costing you time, money, and opportunities—and how avoiding them can help you rise above the competition.
Mistake 1: skipping the full evaluation of new components
New components are often exciting, but skipping a proper evaluation process can derail your quotes. Each new part brings unknowns—production timelines, compatibility issues, and potential costs—that can wreak havoc on your bottom line if not accounted for.
For instance, a manufacturer recently integrated a new connector without realizing it required additional tooling. The oversight caused a 12% increase in production costs, and the project fell behind schedule, frustrating both the client and the production team.
How to avoid it: Always assess how new components will integrate with your existing systems before quoting. Will they require extra labor? New equipment? Special handling? Factoring these into your quotes ensures accuracy and prevents unpleasant surprises later.
Mistake 2: neglecting environmental challenges
EV charging stations aren’t built in controlled environments. They’re exposed to everything from intense heat to freezing temperatures, heavy rains, and corrosive chemicals. If your quotes don’t account for these challenges, you’re setting yourself up for failure.
A real-world example: a wire harness designed without UV-resistant insulation degraded within a year, requiring an expensive replacement. The manufacturer absorbed the cost, losing tens of thousands in the process.
How to avoid it: Include environmental assessments in your quoting process. Identify the specific conditions your wire harnesses will face and design for durability. Not only will this improve performance, but it will also boost your reputation as a reliable partner.
Mistake 3: failing to prioritize wire routing during design
Wire routing might seem like a technical detail, but it has major financial implications. Poor routing can lead to signal interference, overheating, and increased material costs, not to mention potential project delays.
Imagine this: a manufacturer routed wires near a moving part, leading to insulation wear and eventual failure. The fix? A complete redesign that added three weeks and thousands of dollars to the project.
How to avoid it: Address wire routing early. Use design software to map out efficient, safe wire paths and validate your designs. Proper planning can save you significant time and money—and prevent costly mistakes down the road.
Mistake 4: underestimating compliance requirements
Compliance isn’t optional—it’s essential. Industry standards exist for a reason, and ignoring them can lead to expensive redesigns, project delays, and even penalties. Yet, many manufacturers treat compliance as an afterthought during the quoting process.
The numbers don’t lie: projects that fail compliance checks often see costs increase by 15-25%, not to mention the reputational damage of delivering a non-compliant product.
How to avoid it: Make compliance a core part of your quoting workflow. Use automated tools to validate your designs against industry standards before finalizing your quote. This proactive approach can save you time, money, and unnecessary stress.
Mistake 5: underpricing complex custom designs
Custom projects are exciting but tricky. They require specialized expertise and often take more time and resources than anticipated. If you underestimate their complexity, you’ll either overcommit or underprice, and both scenarios are bad for business.
Take, for example, a manufacturer who underestimated the labor hours for a multi-connector custom harness. The project ran 20% over budget, eroding their profit margin and straining their team.
How to avoid it: Be realistic about the scope of custom designs. Talk to your team, gather insights, and allocate sufficient time and resources. Your quotes should reflect not only your costs but also your expertise and the value you bring to the project.
Conclusion: accuracy saves time, money, and your reputation
Quoting isn’t just a task—it’s a skill that can make or break your business. Avoiding these five mistakes can streamline your process, improve your margins, and position you as a top contender in the competitive EV station market. Evaluate new components thoroughly, factor in environmental challenges, optimize wire routing, prioritize compliance, and respect the complexity of custom designs. Each step you take toward better quoting practices is a step toward securing more contracts and building lasting client relationships.
Before your next quote, ask yourself: Are you truly prepared? Have you considered every potential challenge? And most importantly, how much money and time could you save by getting it right the first time?