Construction Business Owner

AUGUST 27, 2023

Harness the Power of Estimating Data to Grow Your Business ccapoccia Sun, 08/27/2023 - 12:23 Estimating is the foundation of every profitable construction business. But if you’re submitting bids without analyzing past project data, you’re missing out on valuable insights to prepare the most accurate estimate.

Estimating 296

Estimating Bidding Profitability Foundation 296

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. Low-bid contractors often fly below the radar.

Bidding 247

Bidding Contractors Estimating Construction 247

Construction Business Owner

JULY 1, 2020

3 Keys to a Better Bidding Process. How teams can get more from their bidding technology. In the guide, “3 Keys to a Better Bidding Process,” you’ll learn about the key categories—technology, people and process—that teams can use to fully optimize their bidding process and make the most of their digital tools.

Bidding 296

Bidding Software Software Procurement 296

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

Job Order Contracting

APRIL 3, 2021

MasterFormat Construction Cost Estimating drives cost visibility, transparency, and best value outcomes. Uniformat level and/or assembly level, or building level cost data is useful for budgeting purposes only, and should not be used for bidding, procurement, and execution actual projects with builders, construction managers, etc.

Estimating 239

Estimating Construction Procurement Renovating 239

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

Job Order Contracting

MARCH 7, 2025

Accuracy Estimates reflect real, current market conditions , not outdated or averaged data. Better contractor alignment Estimates match how local subcontractors and suppliers bid , reducing disputes. Example: A national database might estimate drywall installation at $1.80 per SF , adjusted by a 1.15

Management 147

Management Estimating Change Orders Construction 147

Job Order Contracting

FEBRUARY 17, 2025

Representative of Local Market Conditions Objective Current Granular Standard Data Format Structure Easy to Use Any commercial real property owner and their design/build teams would greatly benefit by implementing a consistent, robust methodology for cost estimating based on current best management practices.

Estimating 147

Estimating Procurement Renovating Management 147

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

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

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 165

Estimating Life Cycle Construction Documentation 165

Viewpoint Construction Technology

MAY 11, 2017

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. Quick, accurate estimates can be a fast and efficient way to grow your business. Estimating digital takeoff. Bid Day tool.

Estimating 130

Estimating Bidding Viewpoint Construction 130

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. A locally researched detailed line item construction cost estimating database plays a key role in this regards.

Estimating 191

Estimating Procurement Life Cycle Construction 191

Construction Business Owner

APRIL 6, 2022

And the shelf life for bids and estimates has dropped from weeks to days. The construction industry has never seen anything like the past two years — and it’s showed in the cost of construction work. Budgets have gone through the roof. Projects have been halted by material scarcities. Business Management. Promote to rotator No.

Construction 358

Construction Bidding Materials Budgeting 358

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

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

HardHatChat

AUGUST 28, 2018

While we do our best to provide budget estimates that are as accurate as possible, there are inevitably times when projects bids come in higher than the client expected, or that unanticipated costs push the job over-budget. Competitively Bidding the Project.

Budgeting 337

Budgeting Budget Commercial Plans 337

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

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

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. Change Management is Perpetual.

Estimating 130

Estimating CSI Construction Bidding 130

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

Construction Business Owner

AUGUST 15, 2018

has tried a multitude of bidding tools over the years, with varying degrees of success. But, because his Brighton, Michigan-based firm is relatively small, he admits that “the tremendous learning curve and time commitment” involved in getting his team up to speed with an estimating software solution has not been a high priority.

Bidding 136

Bidding Software Software Michigan 136

Construction Business Owner

SEPTEMBER 17, 2019

Therefore, when pricing and estimating projects, you must include the time and money required for each in your bids. Whether you are a general contractor, builder, specialty contractor or subcontractor, it takes labor, equipment and materials to complete a contract’s scope of work. Here's how to do that properly. .

Profitability 249

Profitability Bidding Estimating Equipment 249

Job Order Contracting

DECEMBER 13, 2022

Automated Estimate Comparison. Bid Management. Budget and Estimate versus Actual and Committed Budget Tracking. Contractor Proposal/Bid Management. Estimating – Rapidly Search, Access, Select Unit Price Book Line Items, Build Estimates, Copy/Paste Estimates. Proposals/Quotes/Estimates.

Sustainability 264

Sustainability Management Estimating Budgeting 264

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. Failure to adapt to readily available, proven and robust cost estimating practices.

Estimating 138

Estimating Construction Renovating Procurement 138

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

Cassell Construction Estimating

OCTOBER 5, 2023

Timberline Estimating Training – Bid Day Emergency – File Won’t Open I had an urgent support call recently from one of our Montana contractors who use Timberline Estimating. Here’s the scenario: It’s Bid Day, getting down to the last hour before the bid is due. The good news is that this is easy to fix.

Estimating 100

Estimating Bidding Montana US 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 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.

Estimating 228

Estimating Bidding Profitability Contract 228

Job Order Contracting

OCTOBER 1, 2022

Without granular, line item Local Market Construction Cost Data you can’t have a verifiable estimate. Secure Amazon AWS Cloud SaaS Technology – Available Program, Project, Contract, and Work Order Management System, inclusive of automate side-by-side estimate comparison. Copy/paste estimates. 65,000+ line items.

Construction 264

Construction Estimating CSI Comparison 264

Construction Business Owner

FEBRUARY 12, 2017

Construction business owners sometimes live in a rearview world, where visibility into their work is retroactive, advance planning is nearly impossible and the bidding process is unnecessarily complicated.

Bidding 222

Bidding Estimating Plans Construction 222

Job Order Contracting

APRIL 25, 2022

contract term. Unlike traditional JOC or traditional design-bid-build, LEAN JOC is a collaborative process that focuses upon mutually beneficial outcomes for ALL participants and stakeholders. LEAN Job Order Contracting is an indefinite delivery, indefinite quantity program in which the costs of the project are.

Contract 264

Contract Change Orders Bidding Budgeting 264

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

Job Order Contracting

OCTOBER 5, 2022

Low bid is an acceptable form of procuring repair, renovation, maintenance, or new construction services. Lumps sum bids from contractors or subcontracts, historical costs, or benchmark cost data are reliable forms of cost estimation. Large, traditional software/services providers provide the best solutions.

Life Cycle 264

Life Cycle Subcontracting Procurement Bidding 264

Construction Business Owner

AUGUST 15, 2018

The good news is that many contractors are finding the largest ROI by focusing on the basics—establishing standardized, database-driven cost estimating processes.

Bidding 168

Bidding Estimating News Contractors 168

Job Order Contracting

JULY 8, 2024

Does the JOC Cooperative Program REQUIRE that a compliance audit be done for EVERY contractor estimate prior to award by an owner? Is there an optional service available to have a fully independent line item audit of a contractor estimate including quantities and line item content? #5.

Contract 244

Contract Bidding Procurement Organization 244