Contractor Bookkeeping

JULY 1, 2022

One of them is negotiating contracts. Most people fear the negotiation procedure because it is an intrinsically uncomfortable process. But with the right toolkit, you can breeze through contract negotiations. Having the right mindset is critical to contract negotiations. Bring a positive attitude and a smile to the table.

Negotiation 110

Negotiation Contract Contractors Construction 110

Construction Business Owner

OCTOBER 6, 2015

While contractors are fearless when it comes to the physical challenges associated with the job, one area they are often reluctant to tackle is negotiating contract terms and conditions. However, becoming an effective negotiator is a key to success and profitability. .

Negotiation 120

Negotiation Contract Profitability Deals 120

Construction Business Owner

JULY 23, 2015

Success on a project is often dependent upon risk management, and managing that risk starts with contract negotiation. Contractors must recognize the implications of the contract provisions and review standard forms with a critical eye.

Negotiation 120

Negotiation Risk Contract Management 120

HardHatChat

MAY 13, 2014

Workers remove wall panels from a high rise to accommodate new windows for one of the many projects Englewood Construction negotiates with its clients. Be sure to check references of general contractors before entering into a negotiated or competitive bid situation. But the saying goes, all it takes is a few bad apples….

Commercial 281

Commercial Bidding Negotiation Construction 281

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. Importance of tracking win rate: It’s crucial for contractors to actively monitor their bid win rate to identify areas for improvement and strategize for better bid submissions.

Bidding 147

Bidding Construction Defense Contractors 147

Construction Business Owner

FEBRUARY 24, 2016

In the typical construction contract, the least understood provisions are often those that require the contractor to indemnify the owner for losses or damages arising under the contract. Indemnity provisions are a powerful risk-shifting tool that often go overlooked during contract negotiations.

Negotiation 120

Negotiation Contract Risk Contractors 120

Job Order Contracting

FEBRUARY 4, 2021

What defines a great JOC Contractor? The post JOC Contractor appeared first on 4BT.

Contractors 147

Contractors Negotiation Budget Budgeting 147

Contractor Bookkeeping

MARCH 21, 2025

In the bidding process, contractors prepare detailed proposals that outline their approach, costs, and timelines for a project. Negotiation plays a key role after bids are submitted. This involves thoroughly understanding the project specifications, assessing the site conditions, and determining the resources needed.

Estimating 92

Estimating Bidding Negotiation Budgeting 92

Construction Business Owner

OCTOBER 31, 2013

In recent years, more owners have requested that our law firm’s contractor clients purchase an owners and contractors protective liability policy (OCP policy), a type of insurance policy with which many contractors are unfamiliar.'

Negotiation 120

Negotiation Liability Insurance Contractors 120

Best Practices Construction Law

SEPTEMBER 29, 2020

the Court of Appeals of Mississippi held that the PAID IN FULL principle—or what lawyers know as accord and satisfaction —barred a contractor’s claim for additional payment. The contractor won a bid to construct a water system in two local counties. Fouches and Assoc., The “paid in full” principle is not just an old wives’ tale.

Negotiation 104

Negotiation Contractors Claims Mississippi 104

HardHatChat

JANUARY 18, 2011

I know this is a tough one to follow as we all need to keep commercial construction budgets in check, but we saw too many companies go with pick-up truck contractors in 2010 only to be burned later. Qualify general contractors that build in your wheelhouse. Or better yet, hire a design-build general contractor.

Commercial 263

Commercial Bidding Negotiation Construction 263

Construction Business Owner

OCTOBER 3, 2014

The ultimate goal for a contractor is to develop a base of customers who will get proposals and bids only from your company, won’t shop your price, will award you negotiated contracts, and will give you work based on your trusted relationship with them.

Negotiation 242

Negotiation Contract Bidding Contractors 242

HardHatChat

JANUARY 27, 2011

Whether you’re planning on buying a franchise agreement or you’re a shopping center landlord negotiating construction concessions with a franchise operator, you should know what is ahead of you. First-timers tend to go with a low-bidding pick-up truck contractor only to realize you get what you pay for. Each franchise is different.

Chicago 244

Chicago Construction Negotiation Agreement 244

Viewpoint Construction Technology

FEBRUARY 26, 2019

We’re gearing up to launch our 2019 Digital Contractor Roadshow series and we are thrilled! Last year , we visited more than 20 cities and enjoyed networking and learning about construction industry trends and challenges with over 600 contractors across the United States. The Technology Strategist. How to maintain innovation momentum.

Industrial 230

Industrial Contractors Consulting Florida 230

Job Order Contracting

DECEMBER 14, 2022

How to create an RFP for JOC contractors. How to evaluate JOC contractors. How to evaluate contractor proposals. How to compare an IGE to a Contractor estimate. How to “negotiate” with a Contractor. How to integrate internal and external planning, procurement, and project delivery teams.

Contract 263

Contract Procurement Estimating Negotiation 263

Job Order Contracting

FEBRUARY 7, 2025

Tracking Bid-Win Rates for Commercial Construction is important for any contractor. Creating winning proposals crucial for survival, however each proposal is also a signifcant drain on resources. Actively tracking the bid win rate and understanding how to identify areas for improvement and strategizing need to be priority areas of focus.

Bidding 100

Bidding Construction Profitability Negotiation 100

Job Order Contracting

MARCH 7, 2025

Better contractor alignment Estimates match how local subcontractors and suppliers bid , reducing disputes. This results in 30%-40% pricing errors in many cases because actual local conditions (supply chain disruptions, contractor demand, labor shortages, inflation) do not align with outdated national data plus an economic multiplier.

Management 147

Management Estimating Change Orders Construction 147

Job Order Contracting

SEPTEMBER 15, 2022

Ensure contractors do not inflate or negotiate price proposals to account for bidding adjustment factors too low. Ensure contractors appropriately use non-pre-priced items and do NOT bundle multiple items into a single line time without full cost visibility of labor, materials, and equipment. JOC Contractor outreach marketing.

Contract 258

Contract Procurement Bidding Negotiation 258

Viewpoint Construction Technology

JANUARY 15, 2019

Announcing Our 2019 Digital Contractor Roadshows. In 2018, we hit the road and brought the latest construction technology insights and trends directly to contractors all over the country in more than 20 cities. This year we are thrilled to announce that we are launching a brand new Digital Contractor Roadshow series for 2019.

Roads 173

Roads Contractors Viewpoint Austin 173

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. Here are a few signs that, in our experience, indicate your project budget is more likely to bust: Skimping on Professional Services. Getting Too Specific on Specifications.

Budgeting 337

Budgeting Budget Commercial Plans 337

Job Order Contracting

FEBRUARY 6, 2020

Entities/people involved in a JOC Program at a Project or Task Order levels include: client/building user, project managers, awarded JOC contractor, contracting officer/contracting officer representative, others as required. Only the contracting officer can negotiate/approve non pre-priced item(s) in the task order.

Negotiation 191

Negotiation Contract Office Contractors 191

Job Order Contracting

FEBRUARY 28, 2021

LOS ANGELES UNIFIED SCHOOL DISTRICT (LAUSD filed a complaint against an awarded JOC contractor for breach of contract concerning cafeteria renovations. LAUSD JOC Program. LAUSD prevailed on its claims for breach of contract and was awarded $3,941,829 in damages. Download Case Filing. via Four BT, LLC.

Los Angeles 226

Los Angeles Legal Contract Negotiation 226

Construction Dive

JULY 10, 2024

Negotiations between local unions and contractors did not yield an agreement, but Hensel Phelps and the project owner say they’re dedicated to hiring local, disadvantaged businesses.

Columbus 150

Columbus Negotiation Union Airports 150

HardHatChat

JANUARY 9, 2013

While the number of projects increased, competition was still high and margins were much lower than other banner years in the commercial general contractor industry. Prior to 2012, it was almost impossible to find national commercial contractors that were expanding staff. However, this activity level came with a caveat. Bill Di Santo.

Commercial 240

Commercial News Retail Construction 240

Job Order Contracting

JANUARY 22, 2020

Obtain and evaluate proposals from job order contractors and other vendors on approved construction projects. Ensure vendor/ contractor compliance with all safety and code regulations. Select and negotiate architect and engineer consultants for design contracts.

Permits 200

Permits Negotiation Commissioning Consulting 200

Job Order Contracting

JULY 22, 2021

Negotiating individual projects is critical to ensuring quality work at fair and reasonable prices. You should establish guidelines for evaluating and negotiating Job Order Contract proposals. Place limits (caps) on the use of non-catalog items.

Negotiation 203

Negotiation Consulting Procurement Project Management 203

HardHatChat

OCTOBER 7, 2010

Commercial construction contractors can save clients thousands of dollars by knowing the right time to buy certain materials. I heard a Home Depot ad on the radio recently targeted to commercial general contractors that made me pause.

Commercial 235

Commercial Materials Construction Contractors 235

HardHatChat

FEBRUARY 14, 2013

This infusion with Englewood will bring us into new sub markets and elevate our status as the best national general contractor for high end retail, restaurant, and luxury hotel construction. He has a thick book of clients that includes both national and local brands. We have some exciting upcoming commercial construction news to announce.

Commercial 259

Commercial News Retail Construction 259

Job Order Contracting

APRIL 7, 2025

Consideration should also be given to the geographical location and site (Government versus contractor facility) in which the work will be performed. Contractor profit and overhead are NOT included. #4. Market Research is necessary to determine the appropriate labor category and labor mix that supports the PWS or SOW.

Estimating 147

Estimating Procurement Contract Overhead 147

Construction Marketing

APRIL 17, 2018

The Carpenter Contractor Trust (www.CCTNetwork.org), or simply “The CCT,” is a labor management trust formed in 2001. It would also smooth out any possible rough edges between union carpenters and contractors. It also needed contractors to complete the circle. But carpenters and contractors made it work.

Contractors 121

Contractors Union US New York 121

Fieldwire

AUGUST 14, 2023

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. The basics of retainage Retainage, also called retention, is an amount withheld from the contractor until a later date.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

HardHatChat

JUNE 7, 2010

As a commercial construction general contractor , it’s our job to know not only what equipment needs to be checked and how often, but the difference in construction costs to maintain equipment verses replacing it. At the least your restaurant construction contractor should touch up the caulk and grout before the inspector’s visit.

Commercial 243

Commercial Retail Construction Negotiation 243

Construction Business Owner

JANUARY 10, 2024

General contractors typically do not have much flexibility in negotiating contracts with owners/developers, but it is important for them to recognize opportunities they do have and understand the risks certain clauses may create. Allocating unavoidable risks between the parties is a major function of construction-related contracts.

Risk 156

Risk Negotiation Contract Contractors 156

Job Order Contracting

JULY 31, 2017

Contractor Proposal Reviews for Job Order Contracts are an important element to overall JOC Program success. JOC industry standards should be used for ICRs or any type of auditing of contractor proposals. An ICR includes a review of the owner’s and contractors SOW narrative and documents.

Contract 100

Contract Contractors Estimating Documentation 100

HardHatChat

JUNE 23, 2015

Working with a commercial contractor on a negotiated-bid basis, as Englewood Construction does with long-term client American Girl, can minimize the likelihood you’ll hear “no” from your GC during the bidding process. As a national commercial contractor , we are first and foremost in the business of customer service.

Commercial 120

Commercial Contractors Bidding Negotiation 120

Job Order Contracting

NOVEMBER 4, 2020

The latter used for estimating, negotiating, project control and closeout. Therefore, (JOC Consultant) directly benefits when proposal costs are higher (or inflated), including instances when contractors use products outside the catalog which can also result in higher project costs.

Contract 264

Contract Los Angeles Consulting Procurement 264

Building Radar

AUGUST 29, 2024

Effective procurement negotiation strategies are crucial for success in the construction industry. By implementing strategic negotiation techniques, construction companies can maximize value while reducing costs, ensuring both short-term gains and long-term sustainability. Key Procurement Negotiation Strategies in Construction 1.

Negotiation 52

Negotiation Procurement Construction Security 52