Remove Bidding Remove Compensation Remove Estimating Remove Negotiation
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Winning More Construction Bids: A Complete Guide

Autodesk Construction Cloud

Construction bids are critical to winning more work, so it pays to have a solid understanding of what they entail and what you can do to improve your bidding performance. . In this comprehensive guide, we’ll cover everything you need to know about construction bids. What is the Construction Bidding Process?

Bidding 52
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Best Practices for Developing a Contractor’s Request for Compensation

Best Practices Construction Law

My mentor and good friend, Cordell Parvin , has over the years shared with me some great best practices for contractors—whether talking about bid protests, accidents on the jobsite, or filing a claim. Recently, Cordell sent me a list of items that all contractors should review when developing a request for additional compensation.

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The pros and cons of becoming a subcontractor

Fieldwire

You may need to pay quarterly estimated taxes, depending on how much you make from your subcontracting work. Because subcontracts are negotiated rather than bid upon, you may not need bonds for subcontracts. You’ll be responsible for paying your own taxes and for keeping track of your income and expenses.

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A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. This total or subtotal is usually identified as such in an estimate report. Also known as Total Estimated Contract Cost (TECC).

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Job Order Contract Execution Guide – Sample Template

Job Order Contracting

The following template is provide for sample purposes only and should not be used a legally bidding document without through review and modification by appropriate Owner legal counsel. The 4BT-CE(TM) JOC cloud estimating and project management system, or equivalent, shall also be used. JOB ORDER CONTRACT (JOC) EXECUTION GUIDE.

Contract 100
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Provide Notice (and 10 Other Tasks) When Pursuing a Construction Claim

Best Practices Construction Law

This includes talking about the anticipated means and methods with estimator/project engineer; reviewing crew sizes and anticipated crew movements; analyzing the anticipated productivity (per cy, sf, etc.) Identify any trends and determine whether there is a causal event for any loss of productivity that may be compensable.

Claims 48
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New Contractor Business Start Up

Contractor Bookkeeping

It provides the baseline and milestones for your business and lets you make decisions in advance in the calm environment of your office instead of "on the fly" while driving, talking on your cell, eating lunch, and putting together a bid. Estimating Process - There is no one right answer. It is a must have to borrow money from a bank.