10 tips to winning construction bids

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10 TIPS TO CONSTRUCTION WINNING BIDS

How to take a slice of the $607 Billion plus market.

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BEFORE WE START

• We will discuss the top 10 tips for putting together a

thorough and precise bid proposal

– Good bid preparation requires a lot of time and effort

– Read and fully understand the plans and specifications

– Accurately estimating costs for labor, materials and

equipment










SELECTING THE RIGHT WORK

• There is not enough time to bid on every

construction job

– Its never too late to abandon a bid you are working on

– Make sure the project is fit for your company

• In scope and requirements










COMPLETING THE BID FORM AND

REQUIRED DOCUMENTS

• Required documents and paperwork can be

anything from bid bonds to acknowledging receipt of

any addenda

– Use a checklist to make sure that everything is included

– Have another person in the team double check all

papers are included

– Plan to attend mandatory pre-bid meetings










TAKEOFFS AND MEASUREMENTS

• Take the time to fully review the plans and

specifications to determine accurate measurements

and takeoffs

– It is going to result in an accurate cost for construction

when calculating your bid

– Takeoff software can ensure that correct measurements

are obtained

– Use right units of measurement










VISITING THE SITE AND ATTENDING PREBID

MEETINGS

• Have a good understanding of existing conditions

– Accessibility

– Location

– Cost

• Use a pre-bid meeting as an opportunity to discover

the terrain










ARITHMETIC ERRORS

• Make certain that you have the correct numbers

– Double or Triple check if needed

• Calculator or Bid Software

– Manual calculations can lead to errors










EVALUATING

SUBCONTRACTOR PRICING

• Use prequalification process to asses whom you

wish to work with

– Review their pricing and if they can effectively complete

the construction project

• Prequal allows you to better understand their work,

experience, and past projects










IDENTIFYING AND MANAGING RISKS

• Identify, analyze, and evaluate each potential risks

individually so that they can be properly managed

and mitigated if or when they occur.

– How can each risk impact the project?

• Check a bid for mistakes before submission










MATERIAL AND SUPPLY COSTS

• Costs for building materials and supplies can

change rapidly

• Vary greatly in different areas of the country

– Call local suppliers to get up-to-date costs for materials

and delivery

– Make sure building materials and supplies required in

the specifications are clearly defined & clarify if needed










GETTING CLARIFICATION

• Do due diligence and ensure that you have all the

pertinent and accurate information of the project

– Plans, Specs, Bidding documents, dates, deadlines, and

etc.

• Ask questions by deadline










LABOR COSTS

• To determine your labor costs you have to factor in

hourly wage rates with the number of man-hours a

specific task will take to complete










10 Tips to Winning Commercial Construction

Bids









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Construction Data Company

Construction Data Client provides access to the industry’s most comprehensive and up-to-date database of verified construction leads. It means being able to search and track planning and bidding leads 24/7 from your desktop, laptop or mobile device with our user-friendly interface regardless of whether you are in the office or in the field. It’s saving countless hours tracking down bidding and sub-bidding opportunities so you can spend more time managing your business. With our 2 – 6 week lead time it means never missing out on a project because you heard about it too late.

Get the inside advantage of leveraging the relationships our veteran reporting staff has established with owner, architects, developers and general contractors to deliver the most detailed project information so you can make informed decisions on the projects you wish to pursue.

Bottom line, being a Construction Data Client means being partnered with a company that has a vested interest in the continued success and growth of your commercial construction business.









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10 tips to winning construction bids

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