Remove Bidding Remove Cash Flow Remove Estimating Remove Mobility
article thumbnail

The High Cost of Low Bids: When Contractors Compete on Price, Everyone Loses

Levelset

Prioritizing a low bid over contractor performance is a lose-lose procurement strategy. Unfortunately, low bidding is an accepted practice for both owners and contractors alike. Owners will say that focusing on the lowest bid possible ensures they get a good price. Who’s responsible for low-bid procurement?

Bidding 98
article thumbnail

40+ Fresh Product Releases You Should Know in January

Autodesk Construction Cloud

Additionally, project members can add a delete reasoning comment on web and mobile. Correspondence | View and Add References on iOS [Coming Soon]** – To improve visibility of critical project information, iOS Mobile users can now view and add project references to their correspondence.

Products 105
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Maximising ROI with construction project execution software

Lets Build

With the software, you can automate labour and material costs, standardise bids, and get accurate estimations based on previous costs and bids. This includes blueprints, legal contracts, building codes, budget documents, proposals, bids, etc. Poor budgets can lead to delays or even incomplete projects.

article thumbnail

Maximising ROI with construction project execution software

Lets Build

With the software, you can automate labour and material costs, standardise bids, and get accurate estimations based on previous costs and bids. This includes blueprints, legal contracts, building codes, budget documents, proposals, bids, etc. Poor budgets can lead to delays or even incomplete projects.

article thumbnail

Prevailing Wages in Minnesota: What Contractors Should Know

Levelset

They are determined by the current rates in force at the time the project goes out for bid and are usually included in the bid and contract documents. Before taking on prevailing wage projects contractors need to make sure they have sufficient cash to pay their workers until the first payment comes in. Learn More.

article thumbnail

Prevailing Wages in Pennsylvania: What Contractors Need to Know

Levelset

The contracting authority provides bidders with the prevailing wage rates within the bid and contract documents. Higher labor costs can put a real crunch on your cash flow during a prevailing wage job. Additionally, building prevailing wages into your estimates and bids isn’t enough. Learn More.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Being the Best » The New Estimating Tool – Superintendents. Estimating departments have added a new tool to their repertoire – superintendent and foremen input. With backlogs down and work less plentiful, field supervision has come into the office and become an integral part of the estimating process. February 2009.