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

All You Need To Know About Construction Project Management To Get Started

Construction Marketing

The goal of every construction project management is to complete the project, and the balancing of resources, finances, time, and feasibility plays a crucial role in its completion. . They can choose to either put up a bid or let general contractors bid to build the project.

professionals

Sign Up for our Newsletter

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

article thumbnail

Bigger, Better Jobs: Tips for Getting the Jobs That Help Grow Your Business

Levelset

Bidding on better jobs necessitates a business model that prioritizes growth and provides the ability to scale quickly. Bid bigger. The lowest bids aren’t always the best ones. Before bidding on a potential project, research is vital. Learn more about the high cost of low bids in this helpful article. .

article thumbnail

How construction businesses can utilize esports marketing strategies

Construction Marketing

One of the most prominent in the world of marketing has to be the evolution of esports, and industries like construction , finance, and other traditional businesses should take a leaf out of the esports’ book!

article thumbnail

Construction project management 101 – Checklist

Lets Build

Managing complex data in intersecting tasks and teams include confirming a project’s justification, developing project schedules and goals, maintaining commitments for a project, holding people accountable, and avoiding common project pitfalls. The bidding process remains the same regardless of the type of a construction project.

article thumbnail

The Preconstruction Phase: Understanding the Process & Risks

Levelset

Before a construction project can begin, there is a lot of planning, number-crunching, designing, and scheduling that needs to occur. An architect, designer, or design-bid contractor will perform planning and engineering services for a prospective project owner, providing them with the information they need to move forward.

Risk 52
article thumbnail

Construction Management and Quickbooks

Carol Hagen

The challenge is achieving an integrated solution with estimating, scheduling and project management capabilities while addressing detailed job costing. If integration is important, and you really want to avoid silos between finance, estimating and operations you’ll want to look at Corecon. It’s all there.

CoreCon 141