Whether you’re a freelancer or a new contractor, bids are an important part of obtaining new work for your company. They can expand your clientele and increase your visibility. However, the construction bidding process can be labor-intensive, with plenty of research and due diligence needed. Y...
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.
Individuals in the architecture career path help their clients receive fair construction bids and get quality contractors. Individuals in architecture careers use tools such as building information modelling or computer-aided design and drafting. Hand-drawing skills are used mostly during the early design...
This guideline goes on to state that contractors, subs, and specialty contractors engaged in home improvement must have a contractor license before submitting bids. Essentially, these guidelines include all contractors. So, if you’re a general contractor, you must have a license. If you’re ...
Getting a construction project off the ground is an expensive undertaking for everyone involved. Construction mobilization costs refer to the costs needed for a job to begin. Sometimes mobilization costs can be purely administrative, and other times they can relate to the literal costs of job site...
Look, we get it—you’re a construction expert, not a marketing maven. But here’s the harsh truth: even the most skilled contractors struggle to land clients without a solid marketing strategy. To create an effective construction marketing strategy, you must go beyond building a website. You...
contractor to write up an estimate for the scope of work. To ensure you get accurate bids from those professionals, here are some points to begin a conversation with each contractor. Having a list of vetted and licensed general contractors is the first step on how to start a home renovation...
founder and executive chairman of FedEx, Rothman is CEO of Black Diamond Capital and Schar is chairman of NVR Inc., a publicly traded home construction company. They made up half of the team's six-member board of directors; under the bylaws, they needed to approve...
A bidding war occurs when more than one buyer makes competing bids on the same home, often due to high demand and low supply of homes for sale in the area. The buyer’s agent then passes the offer to the listing agent, who presents them to the seller. From there, the seller can eit...
Unlike their counterparts in the stock market, they are not required to make a price in low-liquidity markets. Auction Bids Auctions are forums that bring together multiple buyers who compete for certain assets, such as livestock, home goods,properties,property tax liens, and art. ...