It’s true, a price that is too low says to the homeowner that there is something inferior about the painting service you provide and they will avoid using you like the plague! So exactly how do you come up with a winning formula…? Bidding on commercial construction usually exposes an up-and-coming builder or skilled professional to higher profits but also more complicated jobs.
Prepare a portfolio of prior projects and construction work already performed and a list of referrals from past clients to provide as recommendation contacts. Anticipate the size of job that can be performed by your construction business. Double-check the bid requirements again for your bid package. Prepare your bid proposal package as specified in the bid detail, making sure to use the format and forms specified.
Prepare a cost summary of how your bid quote is arrived at with your bottom-line dollar quote explained. Submit your bid package by the deadline and date required, paying special attention to submit before a specific hour in the day if required by the bid detail. Contact the procurement manager for each of the companies you qualified as potential contracts. Begin your bid submission with a summary of your company’s qualifications and why you should win the contract. Calculate your bid to include your overhead costs – labor, supplies, and equipment usage for example – and your profit margin
Arriving twenty minutes late for a bid deadline is a great way to ensure that all of your work and preparation will be wasted. Being the lowest bidder doesn’t always win the contract. State governments and municipalities also award millions of dollars in contracts to construction contractors on a yearly basis. Often, to avoid having to deal with the whole bureaucratic clutter, contractors may apply with third-party companies who will take care of this whole process. If you’re new to bidding on construction jobs, finding the proper jobs to bid on and winning them can be a daunting process. This e-book is intended to guide you along that journey of bidding on and winning public jobs. The specialist procurement group is measuring social value to equip clients with a clear measurement of the full benefits derived from their investment. Residential construction jobs run the gamut from gutting houses and repairing roofs to adding decks or extra rooms. Estimate how long the construction job will take to complete and how many workers are needed. Estimate the amount and expense of supplies for the project. Build some room for delays by subcontractors into your estimate.
The process of preparing and submitting a bid can be exciting, nerve-wracking, tedious, a learning experience or all of the above. Despite the seemingly basic nature of bidding, the process can be complicated for projects of all sizes. Some companies, however, choose not to go it alone for larger projects. Ensure all contract requirements and terms are fulfilled in the required sequence. Ability to work with subcontractors during bids.