Remove Bidding Remove Foundation Remove Insurance Remove Liability
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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. ” » The Expensive Process of Bidding. Without spending money bidding projects, you can’t get jobs to make money building them. With more people bidding on fewer jobs, the market is much more competitive. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. Green Building.

Bidding 150
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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

INSURANCE |. And that seemed to strike a chord with some of you, so I figured I’d talk more about government jobs, and what you need to be prepared to bid on them. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. foundation.

Cash Flow 169
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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. I know a lot of contractors are getting into bidding season, and this got me thinking about communication. Communication is an important element throughout any construction project, but given the time of year, I thought I’d focus on the communication difficulties faced during the bidding process. foundation.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Evaluate Bidding Strategy. There are fewer projects to bid and what projects are available are being bid by more people. Consequently, the bidding climate is very competitive with some work going to people bidding below cost. Public Exposure and Liability on Construction Sites.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. In fact, project managers should worry about implementing more safe practices because it can affect the way they bid on jobs. Fewer accidents also mean lower insurance premiums, which mean lower labor costs. Public Exposure and Liability on Construction Sites. STRATEGY |. MANAGEMENT |. ACCOUNTING |.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Meet with them before every project to discuss not only the contractual provisions for scope of work and change orders, but also what you bid and why. The profit you calculate when bidding a job can fluctuate dramatically as work progresses. Public Exposure and Liability on Construction Sites. foundation.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. It’s often easy to bid on a job, start work, and miscalculate how far along in the project you are versus the amount of money you’ve spent. This year, I encourage you to close the gap between your bids, your projections, and the actual cost of the project. Public Exposure and Liability on Construction Sites.