10 Steps to More Money, Fewer Problems
Construction Business Owner
MAY 9, 2016
Profit margin shrinkage starts when the estimator prepares a bid based on the cost of completion he thinks a job might require versus the cost history of similar, completed jobs. He then reviews this estimate with the owner, who looks at the plans quickly, studies the proposed inclusions and exclusions, adjusts and lowers the crew production rates and then gives the final approval to submit.
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