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Safety First, Bidding Next: How Safety & Compliance Wins Contracts

Safety Services Company

Two contractors working for a construction firm bid for projects in the same city —we’ll call them Mark and Bob. How Your Safety Record Can Edge Out Competition What can set your construction company apart when project qualifications appear equal when bidding for projects? Consider this! Here’s where things change.

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Winning More Construction Bids: A Complete Guide

Autodesk Construction Cloud

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?

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Are Limited Liability Companies Effective Shields?

Construction Dive

By Bruce Jervis A primary purpose of a limited liability company, much like a corporation, is to shield company owners from personal liability for business losses. When the company enters into a contract, the company’s assets are at risk.

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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Extracting key ratios from financial statements and safety metrics from OSHA filings allows builders to gauge a subcontractor’s short-term and long-term health — and empower estimators with the data they need to make more informed bidding decisions. . Formula: Current Assets / Liabilities . Formula: Total Liabilities / Total Assets

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Hard Bidding is for the Birds – IPD Could Be the Way to Go

Constructonomics

In the economic climate that we find ourselves at the moment, it seems that the only projects out there are public jobs where bids are solicited and any warm-blooded creature with a pulse and a remote ability to read plans can submit a price on the job. The municipalities are required by law to accept the lowest responsible bid.

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What Contractors Need to Know About Surety Bonds

Construction Marketing

These are bonds required for you to work or bid on specific projects and include bid bonds, performance bonds, and payment bonds. The state or federal government might require you to post a bid bond before you can submit a bid to work on a public project. Surety bonds do not protect you against liability.

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Contractors – What you need to know about Job Order Contracting

Job Order Contracting

Make certain that the roles, responsibilities, tools, requirements and liabilities associated with the JOC are specified. Determine the answers to the following questions BEFORE you bid or accept a Job Order Contract: Will you be able to perform? Carefully review all of the Job Order Contract and all associated documents.

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