We can't give you a 12-step process to becoming a billionaire. But we can give you a 12-step estimating process that's won $1B+ of work. Clay Young, CEP developed this framework to win bids at the right price for some of the top commercial electrical subcontractors in the country. This is just one of many estimating and bidding resources Clay helped the Billd team create for other subcontractors to use for free. You won't want to miss out on his advice. Get the rest of his bidding and estimating advice for subcontractors at the link in the comments.
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This Week's Estimating Tip: Apply Your Processes to Your Subcontractor! Subcontractors can sometimes miss the mark with their cost estimates, just like anyone else. That's why it's crucial to review their quotes and apply the same rigorous process you use for your own estimates. Doing so ensures accuracy, avoids unexpected costs, and maintains a high standard across all aspects of your projects. Remember, a consistent approach to estimating helps safeguard your bottom line! https://ow.ly/ZZ7Y50T6UGs #EstimatingTips #RoofingBusiness #SubcontractorManagement #ProjectSuccess
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The most valuable skill a GC estimator can have is the ability to communicate and retract valuable data from their subcontractors. ⤵️ The ability to do this significantly decreases scope voids, increases depth of knowledge about the project and will provide you with strategies that your competitors won't see available to them. Most client bid reviews are wide and address surface issues. When you can provide a depth of knowledge that can add value to the project, this will differentiate you and earn the trust of that potential client. #bldgestimating #bldg #estimating #preconstruction #construction
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Empower your projects with accurate estimates! US Bidding Estimating supports sub-contractors with detailed takeoffs and precise cost projections, ensuring every job is set up for success. #SubContractors #AccurateEstimating #ConstructionSuccess #PrecisionMatters #USBiddingEstimating
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This Week's Estimating Tip: Apply Your Processes to Your Subcontractor! Subcontractors can sometimes miss the mark with their cost estimates, just like anyone else. That's why it's crucial to review their quotes and apply the same rigorous process you use for your own estimates. Doing so ensures accuracy, avoids unexpected costs, and maintains a high standard across all aspects of your projects. Remember, a consistent approach to estimating helps safeguard your bottom line! https://ow.ly/Tx8e50T6UGt #EstimatingTips #RoofingBusiness #SubcontractorManagement #ProjectSuccess
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This Week's Estimating Tip: Apply Your Processes to Your Subcontractor! Subcontractors can sometimes miss the mark with their cost estimates, just like anyone else. That's why it's crucial to review their quotes and apply the same rigorous process you use for your own estimates. Doing so ensures accuracy, avoids unexpected costs, and maintains a high standard across all aspects of your projects. Remember, a consistent approach to estimating helps safeguard your bottom line! https://ow.ly/7XMi50T6UGo #EstimatingTips #RoofingBusiness #SubcontractorManagement #ProjectSuccess
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𝐏𝐑𝐈𝐂𝐈𝐍𝐆 𝐂𝐎𝐍𝐓𝐑𝐀𝐂𝐓𝐎𝐑 𝐃𝐄𝐋𝐀𝐘 𝐂𝐎𝐒𝐓𝐒 When owners delay projects, contractors can usually claim both lost time and money. While direct costs like idle equipment are easy to calculate, overhead costs are more complex. There are many ways to calculate these costs, and they don't always agree. This paper explains these methods and suggests how owners can avoid these disputes before delays happen.
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Here is a list of items to consider for small projects during Estimating.
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What is Bid Composition? Bid composition is the process of creating a detailed and structured proposal for a construction project. It involves accurately calculating costs for materials, labor, equipment, and other resources to present a competitive and well-organized bid that stands out in the bidding process. 💼 What We Offer ✔️ Comprehensive cost breakdowns ✔️ Accurate labor and material estimates ✔️ Custom-tailored bids for any project size ✔️ Expertise in Residential, Commercial, and Industrial sectors Win More Bids, Maximize Your Success! Let Federal Estimation guide you through the complexities of bid composition. Reach out today and ensure your next bid is detailed, precise, and ready to win! #BidComposition #ConstructionEstimating #WinningBids #FederalEstimation #AccurateEstimates #BidSuccess
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PMP® | REGIONAL CAPEX PROJECT MANAGER | DIRECTOR ENGINEERING & CONSTRUCTION
2moGreat tips! Surely, it’s not that easy and straightforward when putting that into practice, though Can you elaborate more on why best sub’s quote is posted into your proposal? How do you handle a risk of this sub dropping out from your bid? Also wondering if any benchmark vs previously executed projects is considered as a good practice from your perspective. As I suppose you going to plug some profit in your proposal while staying competitive and attractive