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4 Mistakes to Avoid in Construction Bidding

Viewpoint Construction Technology

MCM is a CPA firm with a team of accountants dedicated to construction accounting. Construction markets remain competitive, so it comes as no surprise that construction companies have to be at the top of their game throughout a project. All of these expenses are important to include for your bid to be accurate.

Bidding 325
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Creating a JOC Coefficient?

Job Order Contracting

Specific instructions as to what may be included in a JOC coefficient should also be listed in detail in the associated Request of Proposals (RFP) for Job Order Contracting construction services. Items included in a JOC coefficient (also known as a “Bid Factor”). General insurances. State unemployment insurance.

Insurance 234
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Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

Construction is a risky business, with among the highest rates of failure of any industry. Subcontractor default insurance is one alternative to a surety bond that works to protect a contractor from the financial burden when one of their subcontractors defaults. Related: 16 types of insurance coverage for contractors.

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Design Build Services Add a Construction Department to Your Team

Wolgast Corporation

When you choose to work with a design-builder, you’re adding a whole construction department to your business team that’s dedicated to completing a turn-key project as if it were their own. Turn-key in this instance includes initial concept through design, construction, and a 1-year warranty program.

Design 62
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What Is a Certificate of Insurance (COI) for Contractors — and When Do You Need One?

Levelset

To help your business remain viable, contractor’s insurance should be a crucial part of your financial strategy. Insurance also puts other parties’ minds at ease when they want to hire you as a specialty contractor. A certificate of insurance (COI) is a valid form used to prove that you carry the appropriate insurance policy.

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Northwestern Mutual taps Gilbane, CG Schmidt for $500M office rehab

Construction Dive

The contractors have posted bid packages to renovate the 540,000-square-foot North Office Building at the insurance giant’s Milwaukee campus.

Office 96
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Considering a Job Order Contract?

Job Order Contracting

All prequalified contractors invited to bid should submit sealed bids based on one or more adjustment factors / coefficients to the unit prices listed in the approved JOC unit price book (UPB). The approved JOC unit price book should be locally researched and organized using CSI Masterformat.

Contract 205