Before you submit a bid (here's a great bid proposal template) on a construction job you must make certain that you have your numbers straight. Some overhead expenses can be difficult to nail down with accuracy, especially when you're first starting out - some overhead expenses require "...
For example, general contractors who specialize in residential projects are a good fit to reply to a bid on construction jobs in the private sector. If you have no experience in a sector or it won’t be possible to travel to the job site easily, the project scope is beyond your company,...
Kickoff meetings are the perfect time to clearly define who is responsible for each task in a construction project. This means identifying key roles, like the project manager and the superintendent, and making sure everyone knows what they need to do. When roles are clear from the start, the...
The Best Value procurement methodology allows the project owner to award a construction contract on more than just price. A set of selection criteria is developed that will add value to a bid. Examples include proven past performance on a similar project, strong management approach, a highly qual...
Learn how to calculate a construction bid-hit ratio, plus tips on how to improve it to maximize your company’s likelihood of winning projects.
It is completely fine to take your time while preparing a construction bid because later on, you are the one who needs to finish all the work as promised in the bid package. Now before submitting a bid, ask specialty contractors to review it once to make sure everything is in place. Th...
A construction estimate forecasts how much it’ll cost to build the structure in your project plan. Understandably, this is one of the most important steps taken at the early stages of anyconstruction project management process. A successful construction estimate begins in the bid estimation phase ...
If you're an established company, contractors and other clients familiar with your work will send you bidding invitations. For newer companies, finding construction bid sources can be more difficult. You'll have to seek new construction jobs to bid on while helping area contractors get familiar ...
A quote is a more specific prediction of what the job will actually cost and is binding once all parties agree to it in writing. A bid and a proposal are even more detailed, and may be requested depending on the job and the client. Why are Siding Estimates Important? As a siding con...
If implemented correctly, a PIP can help employees improve their performance to meet job expectations – or to motivate them to want to progress in the company. It can also be used to constructively document deficiencies and provide a record of attempts to help the employee improve. ...