Remove Bidding Remove Cash Flow Remove Change Orders Remove Insurance
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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

INSURANCE |. And that seemed to strike a chord with some of you, so I figured I’d talk more about government jobs, and what you need to be prepared to bid on them. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. change orders.

Cash Flow 168
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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. I know a lot of contractors are getting into bidding season, and this got me thinking about communication. I know from my days as a general contractor that plans and specifications are altered continuously as subcontractors become involved, materials are changed, and change orders are issued.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. ” » The Expensive Process of Bidding. Without spending money bidding projects, you can’t get jobs to make money building them. With more people bidding on fewer jobs, the market is much more competitive. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. Green Building.

Bidding 149
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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Some Advice on Change Orders » A Change (Order) for the Better? When clients ask me about change orders, I’m reminded of a well-circulated photo. The yacht is named “Change Order.” Yes, change orders are nearly inevitable. STRATEGY |.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Meet with them before every project to discuss not only the contractual provisions for scope of work and change orders, but also what you bid and why. Stay on Top of Changes. The profit you calculate when bidding a job can fluctuate dramatically as work progresses. STRATEGY |. MANAGEMENT |.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Evaluate Bidding Strategy. There are fewer projects to bid and what projects are available are being bid by more people. Consequently, the bidding climate is very competitive with some work going to people bidding below cost. change orders. STRATEGY |. MANAGEMENT |. ACCOUNTING |.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. In fact, project managers should worry about implementing more safe practices because it can affect the way they bid on jobs. Fewer accidents also mean lower insurance premiums, which mean lower labor costs. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management.