Conventional thinking says that it’s a numbers game and you should bid on as many construction projects as possible. That may make sense for a company large enough to have its own construction bidding department. For most construction business owners, they and their small team are preparing the...
Well, that's not going to work; you can't bid construction jobs at those numbers, that overhead is astronomical! Depending on how much you need to in order to live, you could easily price yourself right out of the market and not win a single job bid.Growing...
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,...
The Construction Bid Interview & Follow-up: Closing the Deal During construction project bidding, the interview is often the last part of the request for proposal (RFP) process and one of the most influential. For teams that advance to the... ...
Understanding Pre-bid Meetings Accurate bidding can make or break a construction project. Contractors who bid too high are likely to lose the chance to work on the project, while contractors who bid too low put themselves at risk for losing money on the work or failing to complete it at all...
Initial costs can increase significantly due to high mobilization costs for large, complex construction projects. These may include expenses such as transportation, equipment rental, and labor costs. This can result in project expenses being much higher than anticipated, putting a strain on the budget...
Whether you are working on a project at home or work at a construction company, scheduling can be one of the biggest hassles in the process. A construction project schedule needs to take into account several things, including time lines of the different contractors, material costs and ...
Construction projects can be complex. You need money to buy materials, create blueprints, secure permits, rent equipment, pay for your crew and more. All of these things cost money and take time. This is why you need to do thorough construction estimating to make sure you don’t miss anyth...
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...
In every construction project, stakeholders aim for a successful build that meets the owner's expectations and ensures profitability for all parties involved. However, traditional delivery models like Construction Manager as Constructor (CM), Design-...