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According to ENR, over a billion dollars worth of work (per state) is in various stages of planning and bidding, in Hawaii, Arizona, and Washington. Our contractor clientele in several states are seeing fewer bid opportunities, more bidders, and projects going for lower margins. Our followup training is scheduled for March.
The bid markets have slowed, but likely not as much as we’ll see in the months to come. We’ve been told by our friends in estimating departments that even uncomfortably low bids are finishing second or third. More changes were made to Accounting than Estimating, which is both the good news and the bad.
March finds the bid market slowing in many areas, but holding its own in a few areas. However some of our clientele reports that it’s still possible to bid a job with some profit, and actually get awarded the job. After fifteen years as an Independent Timberline-certified Estimating consultant & trainer, we declined to renew.
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