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Stop Bidding & Start Negotiating

Construction Business Owner

Stop Bidding & Start Negotiating ccapoccia Mon, 01/29/2024 - 08:18 Every year, successful construction companies stop and look at their last 12 months, and then they make decisions and commitments to next year’s contract and sales goals. Does your company have a winning customer contract award strategy?

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Construction Bid Win Percentage

Job Order Contracting

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?

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How Creative Conflict Can Propel Business Negotiations

Construction Business Owner

How Creative Conflict Can Propel Business Negotiations. Long-term agreements, exclusivity, strategic relationships, joint ventures and partnerships have grown in place of old-style competitive price bidding. Alex Headley. Fri, 10/01/2021 - 08:37. The business-to-business (B2B) landscape has changed dramatically over the years.

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Commercial Construction Delivery Methods: 3 Times To Go With A Negotiated Bid

HardHatChat

Any long-time readers of Hard Hat Chat have probably picked up on the fact that I’m a big fan of the negotiated bid. While there are valid reasons a client might go the competitive bid route, there are many more scenarios where the negotiated delivery method is better for all parties.

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Tracking Bid-Win Rates for Commericial Construction

Job Order Contracting

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?

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How Trusting Relationships Build Better Commercial Construction Projects

HardHatChat

Englewood Construction is currently negotiating a contract with Mrs. Green’s to convert former Fox and Obel in Chicago. For us, this arrangement is far more preferable to the common competitive bid process. Here are the top three reasons to work with general commercial construction contractors in a negotiated bidding process.

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4 Ways to Help Your Estimator Prioritize & Create More Accurate Bids

Construction Business Owner

All the time, effort and energy invested in winning a good construction contract or building a loyal customer relationship, which allows you to negotiate on a project, is wasted with an inaccurate or incomplete estimate. So, instead, you must help your estimator prioritize.