You also may subscribe to a database of construction costs, updated monthly. Typically this software is used as part of the cost estimation and budgeting process. To help develop more successful bids, your firm might consider using some of the many bidding software programs available. Having an excellent reputation for quality and timely work may be just as important, if not more so, than offering the lowest price.
It also may involve the qualifications of the firm making the bid. Usually, the bidding process is reserved for the general contractor, but the architect and others might participate.Īlthough contracts may be awarded to the lowest bidder, the process often involves more than just cost. Still, by following some basic principles, you can improve your chances.īidding is an art, not a science. There’s no foolproof method for developing and submitting winning bids. And your firm must win often enough to thrive.
Your firm must be able to submit bids that have a reasonable chance of approval. Like the saying “You gotta be in it to win it,” many construction firm owners submit many bids for local jobs to be in it.īut to thrive and survive, you need to do more than just be in the bidding process.
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