Bidding Compensation Negotiation Risk 
Best Practices Construction Law
SEPTEMBER 29, 2020
The contractor won a bid to construct a water system in two local counties. Upon completion of the project, the owner sent contractor a check marked “Final Payment,” but the check did not compensate the contractor for its increased construction costs as a result of the delays or for the extra-contractual project expansion.
Autodesk Construction Cloud
OCTOBER 21, 2022
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?
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Construction Marketing Ideas
JANUARY 16, 2016
“Low bid” ma win the job, but cost your business its profitability and even survival. Pricing and sales compensation are among the messiest aspects of business. But this leads to complexities and risks of a different sort. This allows room for some negotiation if it is appropriate, but prevents giving away the store.
Best Practices Construction Law
JANUARY 22, 2018
The contractor won a bid to construct a water system in two local counties. Upon completion of the project, the owner sent contractor a check marked “Final Payment,” but the check did not compensate the contractor for its increased construction costs as a result of the delays or for the extracontractual project expansion.
Pro Builder
MARCH 29, 2022
A good purchasing professional must understand the construction process, local building codes, risk management, the enterprise resource planning system, schedules, the installing trades in a given market and the materials they use, alternative materials that could be used, their cost drivers, and so on—all while being an excellent negotiator.
Construction Cost Estimating
JULY 1, 2014
It also (ideally) details the terms and conditions of the construction or repair contract and itemises all work to enable a contractor to price the work for which he or she is bidding. These uncertainties are risks to the project. Wage rate - The agreed monetary compensation per hour for a person to accomplish work.
Contractor Bookkeeping
JUNE 15, 2012
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. You bid on a project and you are the low bidder. It is a must have to borrow money from a bank.
Expert insights. Personalized for you.
104 
Let's personalize your content