Putting A Construction Bid Together
One of the most nerve-wracking aspects of your job is putting together a construction bid. This is something that cannot be taken lightly. If your price is too high you will not get the project and if it’s too low you will lose money on the deal. Some compare the process to fortune telling and it can feel like it. You literally have to predict how much a project will cost and then hope your guess is accurate. Of course you are making an educated guess as you have numbers and measurements you can go off of but it still comes down to a guess. The real tricky part is guessing labor and subcontractors. How do you know how many man-hours are going to go into this job and how much a sub is going to charge? If you need to find cranes for rent or other outside assistance make sure you get a price before you guess one. Don’t Be Afraid To Ask When you are putting together a construction bid and you will need to rely on a company for equipment rental try to get as much information as possible. In the case of searching for cranes for rent you should be able to get a quote. The reason you want to go to these companies directly is because they have experience in their aspects of the job and can put together an accurate quote based on their experience rather than you having to guess. Don’t Pay For A Quote You should never have to pay for a quote. Whether it’s hiring a plumber, an electrician, using someone for equipment rental or something else you should never have to pay to find out what they would charge. Some companies do that because they want you to pay before they spend time looking at the project. If that’s how they do business that’s fine, there are plenty of other companies out there that will be happy to give you a free estimate. Anticipate Now that you have accurate quotes from your subs you want to look at the materials you will need and how many man hours will go into the project. Obviously the bigger the project the higher the labor and materials cost will be. Once you’ve put that together and have covered all areas of the project you will feel more comfortable with your price. Don’t stress about being the cheapest, a lot of times the cheapest construction bid is actually thrown out because people associate price with quality. However, you do not want to price yourself out of the project so make sure you have a competitive bid and you will get plenty of work in.