Construction Business Owner

AUGUST 25, 2022

Estimate Your Way in STACK. With 4 different ways to estimate, you’ll love using STACK’s cloud-based software. Estimating is the backbone of a construction project, and it’s essential to get it right to win bids. We want you to succeed, and however your estimates need to be executed we are here with choices! .

Estimating 296

Estimating Overhead Software Software 296

Construction Business Owner

JULY 10, 2018

Do construction contractors that win 100 percent of their business through the low-bid process need marketing? After all, as a low-bid construction business owner, your fate lies strictly in the ability of a hard-nosed, creative estimator to bring in new work on bid day.

Bidding 247

Bidding Contractors Estimating Construction 247

Job Order Contracting

FEBRUARY 3, 2025

According to industry data, the average bid win percentage for a commercial contractor is 25%, meaning for every 10 bids submitted, they would win 2-3 projects. Can the commercial construction contractor Bid/Win average of 25% be significantly improved?

Bidding 146

Bidding Construction Defense Contractors 146

Construction Business Owner

JULY 1, 2020

3 Keys to a Better Bidding Process. How teams can get more from their bidding technology. The construction industry is rapidly transforming. Digital Transformation in Bid Management: Technology. When choosing new bidding technology, teams must find a solution that improves productivity, collaboration and efficiency.

Bidding 296

Bidding Software Software Procurement 296

The Constructor

MARCH 4, 2019

The most basic requirement for the preparation of a good bid is a precise and accurate estimate. If prepared by hand, not only the process would be.

Estimating 223

Estimating Software Software Industrial 223

Construction Business Owner

APRIL 6, 2022

2022 Construction Cost Changes. Cost changes you need to know for key construction materials, labor & equipment. The construction industry has never seen anything like the past two years — and it’s showed in the cost of construction work. And the shelf life for bids and estimates has dropped from weeks to days.

Construction 358

Construction Bidding Materials Budget 358

Job Order Contracting

AUGUST 4, 2023

Many in the public sector are unaware of the construction cost estimating issues caused by the use of national average cost data and location factoring. They are not intended to be used when preparing appropriation-quality estimates. Here’s short summary of those problems noted by independent third parties. Peitlock, B.A.,

Estimating 238

Estimating Construction United States New Mexico 238

Construction Business Owner

JUNE 26, 2013

How many times have your estimators or you uttered the phrase, “That firm is bidding below cost”? While not all contractors are responsible bidders, if you are facing credible competition that seems to be bidding below cost, you probably need to ask yourself if you know your costs to execute work. Understand Your Costs.'

Bidding 207

Bidding Profitability Estimating Contractors 207

HardHatChat

AUGUST 28, 2018

Budget is always a major consideration for our commercial construction clients, and as a general contractor we devote significant time to the budgeting process. Competitively Bidding the Project. To be clear, we manage plenty of competitively bid projects that we keep well-within the client’s budget expectations.

Budget 337

Budget Budgeting Commercial Plans 337

Job Order Contracting

MAY 12, 2020

Here is a recommended list of considerations if you are seeking the best construction cost estimating solution for your organization. Collaborative environment – Even if there is only one estimator, it is critical to share current, actionable information with multiple internal and external parties.

Estimating 164

Estimating Life Cycle Construction Documentation 164

Job Order Contracting

APRIL 29, 2020

Detailed line item construction cost estimating is a prerequisite to obtaining best value outcomes for facilities / built infrastructure repair, renovation maintenance, sustainability, and new construction projects. see LEAN construction guide ). see LEAN construction guide ). appeared first on 4BT.

Estimating 188

Estimating Procurement Life Cycle Construction 188

The Constructor

DECEMBER 28, 2019

The construction cost estimates are viewed from different perspectives based on different institutional requirements. There are several types of cost.

Estimating 189

Estimating Construction Bidding Engineering 189

Viewpoint Construction Technology

MAY 11, 2017

There are many reasons to adopt integrated construction software , including flexibility, organization, and project management. Using a web- or cloud-based software solution is also the best way to increase your estimate accuracy and improve profitability. It should be a part of your strategy to win more bids. Bid Day tool.

Estimating 130

Estimating Bidding Viewpoint Construction 130

Job Order Contracting

OCTOBER 1, 2022

Without granular, line item Local Market Construction Cost Data you can’t have a verifiable estimate. Construction, Renovation, Repair, and Maintenance Costs – RELIABLE Local Market Construction Cost Data is now available, and updated quarterly, without any factoring. Copy/paste estimates.

Construction 264

Construction Estimating CSI Comparison 264

Job Order Contracting

FEBRUARY 7, 2025

Tracking Bid-Win Rates for Commercial Construction is important for any contractor. Actively tracking the bid win rate and understanding how to identify areas for improvement and strategizing need to be priority areas of focus. What is your Bid Win ratio? What is your Bid Win ratio? What is considered good?

Bidding 100

Bidding Construction Profitability Negotiation 100

Job Order Contracting

JULY 9, 2019

LEAN Construction Cost Estimating Drives Optimal Performance. LEAN Construction Cost Estimating. Detailed line item construction cost estimating is a core component of LEAN construction and measurably improved outcomes. Focus upon detailed line item estimating by discrete tasks.

Estimating 130

Estimating CSI Construction Bidding 130

Construction Business Owner

AUGUST 14, 2018

For most independent estimators, bid day isn’t (as the name suggests) one, crazy day that revolves around a single, prospective job. Unlike general contractors (GCs), who run a team of people grinding out final numbers, these estimators have rolling deadlines and proposals due daily, making every day bid day.

Bidding 153

Bidding Estimating Contractors 153

Job Order Contracting

OCTOBER 23, 2021

The innovative 4BT OpenBuild/OpenJOC(TM) Framework integrates planning, procurement, and project delivery to improve construction productivity. The post Innovative Solution Integrates Planning, Procurement, and Project Delivery to Improve Construction Productivity appeared first on 4BT. All projects follow a core programmatic process.

Procurement 263

Procurement Innovation Products Plans 263

Job Order Contracting

MARCH 24, 2020

-+. Construction Cost Estimating – LEAN. This paper ” Construction Cost Estimating-LEAN” discusses the positive impacts of collaboration, a common data environment, and locally researched detailed line item construction cost data. Loss of cost estimating expertise at a detailed line item level.

Estimating 136

Estimating Construction Renovating Procurement 136

The Constructor

DECEMBER 28, 2019

The construction cost estimates are viewed from different perspectives based on different institutional requirements. There are several types of cost.

Estimating 162

Estimating Construction Bidding Engineering 162

HardHatChat

JULY 11, 2013

The summer construction season often brings rising costs. Construction season is upon us, and you know what that means…rising commercial construction costs. The summer always brings more commercial construction activity, more bids, and, as a result, higher pricing. Don’t skimp on architects. Design Build Firms.

Commercial 276

Commercial Construction Bidding Chicago 276

HardHatChat

DECEMBER 19, 2018

A strong pipeline of senior living construction was a “high” of 2018. So before we officially ring in 2019, here is our rundown of Englewood Construction’s commercial construction trends “highs” and “lows” from 2018: High: A Sizable Senior Living Pipeline. An overall rise in construction material costs.

Commercial 328

Commercial Retail Industrial Construction 328

The Constructor

AUGUST 10, 2016

The Estimation of bid price or tender cost of a construction project is calculated as the sum of the total cost of construction and mark-up price.

Bidding 100

Bidding Estimating Construction Documentation 100

Construction Business Owner

DECEMBER 2, 2014

Stan constantly struggles with the demands of owning and managing his business, from working on bids, estimating, ordering materials and scheduling 25 field workers to coordinating equipment, fielding phone calls and visiting jobsites daily. To make matters worse, cash flow is tight and he often has to cut prices to win work.'

Cash Flow 245

Cash Flow Bidding Schedule Estimating 245

Construction Business Owner

MAY 16, 2023

The Importance of Accounting Estimates in an Uncertain Economy ccapoccia Tue, 05/16/2023 - 13:49 “A journey of a thousand miles begins with a single step,” was the saying of Lao Tzu, an ancient Chinese philosopher. These estimates provide management with a foundation to effectively interpret costs, profitability and bid processes.

Accounting 156

Accounting Estimating Finance Bidding 156

Best Practices Construction Law

MARCH 18, 2021

The dispute is currently in the discovery phase and the City filed a motion to compel the contractor’s internal pre-bid documents and bid estimates, as well as the subcontractor’s base documents. ” My littlest chuckled.

Documentation 118

Documentation Claims Bidding Estimating 118

Job Order Contracting

JANUARY 22, 2021

Introduction – 2021 Facilities Repair Renovation and New Construction Cost Management spans multiple principles, practices, domains, and more. The post 2021 Facilities Repair Renovation and New Construction Cost Management appeared first on 4BT. Sample Workflow. Project Procurement and Delivery Environment Comparison.

Renovating 264

Renovating Management Procurement Life Cycle 264

Job Order Contracting

AUGUST 17, 2023

Controlling construction costs is not rocket science, nor does it involve time travel. Any real property owner can control construction costs for facilities repair, renovation, maintenance, and new build projects. Controlling Construction Costs is not rocket science 1. Controlling Construction Costs is not rocket science 1.

Travel 241

Travel Construction Subcontracting CSI 241

Construction Marketing

JANUARY 24, 2024

In the ever-evolving landscape of the construction industry, where precision meets creativity and innovation, effective marketing strategies are paramount for attracting top-tier talent across diverse construction job categories. Architects Design and plan construction projects, considering both aesthetic and functional aspects.

Construction 312

Construction Project Management Electrical Safety 312

Viewpoint Construction Technology

JULY 19, 2017

Estimates get thrown off, rush fees ensue, and general disdain for the job can surface. Working with integrated construction software can keep everyone on the same page, jobs and duties on time, equipment and worker status visible, and timelines transparent. Correctly allocating a work crew can make or break a construction timeline.

Viewpoint 239

Viewpoint Construction Schedule Estimating 239

Job Order Contracting

DECEMBER 13, 2022

Traditional methods for planning, procuring, and delivery repair, renovation, maintenance, and new construction are incapable of consistently delivery of quality outcomes on time and on time. Automated Estimate Comparison. Bid Management. Budget and Estimate versus Actual and Committed Budget Tracking. Issues Management.

Sustainability 264

Sustainability Management Estimating Budget 264

Job Order Contracting

JANUARY 16, 2020

4BT LEAN CONSTRUCTION COLLABORATION SaaS Solution. The innovate and exclusive Collaborative LEAN Construction Software for the Enterprise or Single Organization offering all of these features. The innovate and exclusive Collaborative LEAN Construction Software for the Enterprise or Single Organization offering all of these features.

Software 187

Software Software Construction Estimating 187

Construction Business Owner

AUGUST 15, 2018

Matt Vetter, vice president of Schafer Construction Inc., has tried a multitude of bidding tools over the years, with varying degrees of success.

Bidding 136

Bidding Software Software Michigan 136

Construction Business Owner

AUGUST 19, 2015

Estimates are the lifeblood of the construction business, and yet the estimating process represents one of the greatest challenges for contractors and project owners.

Estimating 120

Estimating Bidding Contractors Construction 120

Job Order Contracting

DECEMBER 10, 2022

OpenBUILD(TM) is The ONLY Construction Integrated Project Delivery Solution with Locally Researched Cost Visibility with Program Management, Contract Management, Proposal/Bid/Estimate Management, Workorder Management , Project Management, Document Management, Team Management, Issues/Task Management, Workflow Management, and BIM integration.

Procurement 264

Procurement Construction BIM Change Orders 264

Autodesk Construction Cloud

JUNE 7, 2023

Inaccurate estimates might not be the root of all evil, but they sure can derail a project. Far and away one of the most common reasons, however, is inaccurate budget estimates. When it comes to construction, estimating costs is a towering challenge. When it comes to construction, estimating costs is a towering challenge.

Estimating 98

Estimating Construction Budget Budgeting 98

Job Order Contracting

AUGUST 9, 2020

They are not intended to be used when preparing appropriation-quality estimates. They often are applied to conceptual estimates for identifying “go/no-go” projects at an early stage.” Despite its potential weaknesses, estimation by adjustment factors is a very common approach for all types of construction.

Estimating 264

Estimating New Mexico Denver Engineering 264