bidding

Construction Project Bidding With Online Lead Services

All around you, every day, there are more and more construction projects that are being launched. You can see them on your way to your children’s schools or on your way to take a quick jog in the park. These soon-to-be structures are being built for different reasons and they have different owners to gratify. Construction projects are usually classified into three types: the new structures, add-ons and remodeled units. Each day, new projects are being set up with varying purposes. As industrial plants, warehouses, office buildings and skyscrapers rise up, so does construction project bidding.
The greatest way that you could find construction opportunities for your company is to find the places where you could place your project bids. In so doing, you would be able to make use of your available time and be able to look for the best jobs that would rake in the most revenue. There are construction leads online which would point out the best projects that you could choose from. In fact, there are various directories on the Internet where construction leads can be found (e.g. and ). These directories provide lists upon lists of procurement services and construction bids. There are also links to companies that offer bid leads on planned construction jobs or new construction projects.
Sadly for most contractors, instead of going online and outbidding the rest of their competitors, they waste their time worrying about trivial matters such as where they’re losing their money when the only way that this can be solved is by getting the bid.
Online construction project bidding is more of a skill than established science. Although there is now bidding software in the market which could make your job much easier for you, bidding still requires gut feel and experience. Bidding is all about planning projects, computing the materials costs, and coming up with motion and time studies. These require a human touch that would not be achieved even by the most efficient software.
Northern Contracting project bidding also means giving useful estimates. The cover letter and proposal should be professionally presented to the client where most, if not all, of the client’s questions are answered from the onset. This method of presenting your proposal might not be applicable with most government or corporate project bidding but it would also make your company stand out from the rest.
Also, time is of utmost relevance to any project bidding. You have to have ample time to handle any interruptions or delays that might come up. Such delays include a drastic change in the weather or the sudden need to deliver some Housebuilders materials.
As with any other forms of bidding, the rule is pretty simple-the highest, unique bidder gets to win the project. Knocking out your competitor means outbidding him but there are many factors which would make you the ultimate winner of the construction project.
All in all, construction project bidding is all about having analytical skills and keen judgment in order to make …

Bidding for Success

In an ideal world general contractors would be able to negotiate all their new contracts with repeat customers and avoid bid jobs like the plague. Unfortunately we don’t live in an ideal world and probably never will – bidding projects has become big part of most general contractors’ everyday lives and the competition for available jobs in the current economic climate can be fierce. Bid days can be stressful to say the least, but if you follow a few tips, you can ease the pain and you may even win a few projects in the process.
Be Comfortable with your Numbers
Bidding a large or medium sized project is always easier when the team concept is used. Whether it’s you and an estimator or project manager, or just you and the receptionist – having more than one person involved relieves some Construction Service Department of the stress if for no other reason than one person can be waiting at the bid opening while someone is back at the office checking the numbers and receiving last minute bids from subcontractors. A few other tips for bidding:
• New Blood – some general contractors fall into the pattern of always using sub-contractors and vendors they’ve developed long term relationships with over the years. This is fine up to a point, Free Cabin Plans With Material List but don’t be afraid to try a new sub-contractor with a low bid for their phase of work if they seem to have the scope or work covered in their proposal. Their low price may help you get the job
• Specifications – always check and double check the specifications for anything out of the ordinary that may add cost to the project. You don’t want to be the low bid because you didn’t add in the $30,000 of high security door hardware the job requires
• Jobsite Visits – regardless of how busy you might be, don’t even think of bidding a project without making a jobsite visit. Blueprints and specifications are great, but nothing beats looking at a project firsthand
• Two Sets of Eyes – losing a project because you didn’t add the numbers correctly can be heartbreaking, being the low bidder because you didn’t add the numbers together correctly may cause a heart attack if you were off by a lot. Always have team members check the addition on your bid budget and the larger the bid, the more eyes should review the numbers
Bidding for projects is like jumping out of an airplane – it’s always stressful, but the more you do it the easier it gets.…

Bidding for Success

In an ideal world general contractors would be able to negotiate all their new contracts with repeat customers and avoid bid jobs like the plague. Unfortunately we don’t live in an ideal world and probably never will – bidding projects has become big part of most general contractors’ everyday lives and the competition for available jobs in the current economic climate can be fierce. Bid days can be stressful to say the least, but if you follow a few tips, you can ease the pain and you may even win a few projects in the process.
Be Comfortable with your Numbers
Bidding a large or medium sized project is always easier when the team concept is used. Whether it’s you and an estimator or project manager, or just you and the receptionist – having more than one person involved relieves some Construction Management Fees Percentage 2019 of the stress if for no other reason than one person can be waiting at the bid opening while someone is back at the office checking the numbers and receiving last minute bids from subcontractors. A few other tips for bidding:
• New Blood – some general contractors fall into the pattern of always using sub-contractors and vendors they’ve developed long term relationships with over the years. This is fine up to a point, Construction Business Books but don’t be afraid to try a new sub-contractor with a low bid for their phase of work if they seem to have the scope or work covered in their proposal. Their low price may help you get the job
• Specifications – always check and double check the specifications for anything out of the ordinary that may add cost to the project. You don’t want to be the low bid because you didn’t add in the $30,000 of high security door hardware the job requires
• Jobsite Visits – regardless of how busy you might be, don’t even think of bidding a project without making a jobsite visit. Blueprints and specifications are great, but nothing beats looking at a project firsthand
• Two Sets of Eyes – losing a project because you didn’t add the numbers correctly can be heartbreaking, being the low bidder because you didn’t add the numbers together correctly may cause a heart attack if you were off by a lot. Always have team members check the addition on your bid budget and the larger the bid, the more eyes should review the numbers
Bidding for projects is like jumping out of an airplane – it’s always stressful, but the more you do it the easier it gets.…

Project Management Processes Thrive by Establishing Projects at Bidding, Not at Winning

Too often construction companies fall into the trap of only establishing a new project master record in their construction project management software after they have won the business. It makes more sense to do it after you decide to bid on the work and it should really be a part of your project management processes.
Formal Approval
In fact the controls should be in place before that. Companies need to have in place a formal review process taking into account the project roles and responsibilities that says “OK Mr Development Manager you have got $100,000 for getting new business – but if you want to spend more than $5,000 of your budget, then first you need formal approval from senior management.”
Due Diligence
This would then require “ticking the boxes” on a number of issues as part of due diligence before the company even created the new project master record.
If your managers are looking at a lot of new opportunities and if there are no project management processes in place, then the cost of assessing all of these opportunities can amount to a major expense. Large organisations can spend between $20,000 and $30,000 in the evaluation of a single opportunity.
Establish the Project Master record
By creating a project master record and establishing labour orders for the project then the staff working on the tender process can reflect the time spent on estimating and preparing to win the business on their timesheets.
But it’s not just the estimating that takes up their time, it’s all the other project management processes that go on. Is the land suitable, what are the planning constraints, what are the limitations of what we want to do? But if you have a specific project that includes all the steps in the process to be followed then you can record the other expenses along with the labour costs associated with the bid.
Integrated Risk Management
If your How To Become A Building Contractor project management software includes an integrated Risk Management system then it can assist the project management processes by providing for project roles and responsibilities to be assigned, costs to be applied to risks and to enable alerts that will help following up. The project costing reports would then include a complete costing basis from which it can calculate the final forecast cost.
It could take up to five years before this whole exercise results in an actual project – but this makes it even more important to track all of these costs, because the project is effectively just accumulating losses each and every financial year until its starts to produce an income.
If you win the bid, then it’s a simple matter to change the status of the project to active and proceed with the normal project management processes involved in project startup.
Projects under consideration are not assets
However if the project is not going to proceed then the actual development costs to date should be written off. Lost bid projects …