{"id":11252,"date":"2023-10-19T12:38:57","date_gmt":"2023-10-19T12:38:57","guid":{"rendered":"https:\/\/biddingprofessionals.com\/?p=11252"},"modified":"2023-10-26T13:47:35","modified_gmt":"2023-10-26T13:47:35","slug":"best-way-to-bid-construction-projects-and-get-awarded-quickly","status":"publish","type":"post","link":"https:\/\/dev.imagiacian.com\/biddingprof\/best-way-to-bid-construction-projects-and-get-awarded-quickly\/","title":{"rendered":"Best Way to Bid Construction Projects and Get Awarded Quickly!"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Are you frustrated to keep on bidding without signing a single contract?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All the contractors out there have to work hard on estimating, but they don\u2019t spare any time to follow up on the submitted bids. We offer a customized estimating package for you, <a href=\"https:\/\/biddingprofessionals.com\/our-recent-project\/\">we can prepare accurate construction estimates<\/a> for you and maintain a follow up directory as well.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Most of the contractors don\u2019t follow up, or make price changes or meet the project owners. We can help you resolve this issue.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bidding Professionals LLC is a New York based <a href=\"https:\/\/biddingprofessionals.com\/\">cost estimating company<\/a> that works with over 500 clients and prepare 200-250 estimates every month.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s discuss the steps necessary to grow a construction business.\u00a0<\/span><\/p>\n<h2>Meet Project Owners<\/h2>\n<p><span style=\"font-weight: 400;\">Most of the construction projects are being awarded to the contractors who have a good relationship with the developer\/builder. That is why, it is imperative to meet the developer\/builder, build a healthy relationship and assure him that his funds are in safe hands. This is essential to survive in construction industry. Here is how Bidding Professionals can help you with that.<\/span><\/p>\n<ul>\n<li aria-level=\"1\">\n<h3>Find Leads:<\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">First of all, you have to prepare a list of potential clients nearby whom you can contact and meet up with. It is mandatory for you to find enough time every day to meet at least 3-4 new people. In the beginning, it might not work but it is just a matter of time when you start securing good amount of work.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">An easy method to find leads to just google it. You will have a list of potential prospects right there. You need to copy the contact information along with the address and you have the list of prospects ready.<\/span><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\">\n<h3>Get to know them:<\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">When you have the prospects list ready, decide who to meet first. Meeting in person is preferred as it aids relationship building. But set an appointment on the phone or email before going to engage with them professionally.<\/span><b><\/b><\/p>\n<h2>Schedule a Meeting<\/h2>\n<p><span style=\"font-weight: 400;\">Before visiting the project owner, it is advisable to set an appointment preferably on the phone, if not possible, then on the email. Here is an example of how you should start the conversation:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cHi Mike,<\/span><\/p>\n<p><span style=\"font-weight: 400;\">I saw that you are working on [name of the project], I am interested to bid on [name of the trade you want to bid on]\u2026\u2026 \u201c<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It gives them a heads up about your visit. Repeat this process with everyone on your list.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When it comes to estimating\/bidding a job, it is strongly recommended to approach your regular clients. These are the people who already have trust in you and your work. You can depend on them to get awarded on your bids.<\/span><\/p>\n<h2>Find a Good Estimating Team<\/h2>\n<p><span style=\"font-weight: 400;\">After you get your hands on the project drawings, find an <a href=\"https:\/\/biddingprofessionals.com\/services\/outsource-estimating-services\/\">experienced estimating team to outsource<\/a> the estimating to. Most of the contractors try to do the estimating themselves and it appears to be tiresome and time consuming. Hiring an estimating company is cost effective and allows you to focus on construction itself.<\/span><\/p>\n<h3>What is a good estimating team?<\/h3>\n<p><span style=\"font-weight: 400;\">A good estimating team has the expertise to handle General Contractors and Subcontractors. Estimating team has to cover each and everything for a GC, like Masonry, Concrete, Drywall, Steel, MEP, Sitework etc so it is essential to have enough knowledge and experience to deliver a perfect GC estimate.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Similarly, a subcontractor has to focus on a specific trade. A subcontractor estimate is even more accurate because he has to focus on that single trade and make a good profit as well. He has to be extra careful with the bids because of the following factors:\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s take an example of steel contractor:<\/span><\/p>\n<ol>\n<li><span style=\"font-weight: 400;\">He should be 100% accurate with the takeoffs.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">His price should be at least 20% less than GC so it won\u2019t compromise GC\u2019s profit.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">He should have an updated knowledge of market prices for steel.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">His price should be right on target. If he is on the higher side, he\u2019ll lose the job. On the lower side, he\u2019ll lose money.\u00a0<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">This is why an experienced and well reputed estimating team is necessary to help GCs and subcontractors prepare precise estimates. If you are interested in hiring an estimating company, feel free to visit us at <\/span><span style=\"font-weight: 400;\"><a href=\"https:\/\/biddingprofessionals.com\/\">biddingprofessionals.com<\/a>. <\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h2>Find out Who Else is Bidding on the Project<\/h2>\n<p><span style=\"font-weight: 400;\">In Construction industry, building relationships is the key to success. After bidding on a job, make sure to contact the architect, introduce yourself and ask them about other contractors interested on the job. Project Owners usually ask the architects to recommend any contractor so it is a good practice to build good relationship with architects.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">FYI, Name of the Architect on any project is listed on the cover page of the project plans.\u00a0<\/span><\/p>\n<h2>Optimize your pricing<\/h2>\n<p><span style=\"font-weight: 400;\">After bid submission, you have to keep following up until they give a feedback on your bid. They might ask you to give a better price.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the prospect tells you that your bid is too high, you can ask for other bids to double check and see if you can prepare a better price. We, at Bidding Professionals, tell our clients to go for negotiation, if possible, because it helps a lot to optimize the prices in future projects as well.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another aspect to look into, is to discuss the scope of work. You might have included a few more items then the other bidders which help you adjust your bid.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We recommend our clients to not submit the bid a few days before the due date. Submit it on the bid date. The builder might use your price to get a better number from other contractors.<\/span><\/p>\n<h2>Follow up on every project<\/h2>\n<p><span style=\"font-weight: 400;\">After submitting the bid, it is essential to keep following up on your bid. You have to present yourself so active with your bidding and follow ups that the contractor considers your bid. You have to build a strong relationship with him, as I mentioned earlier. Another strategy is to show your past work, this is crucial to build your trust.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">From owner\u2019s point of view, the lowest bidder is not always the best option. The best option as a contractor is one who equip himself with construction knowledge and management to execute the project on time. The owner is confident in him as he expresses his willingness to deliver the best.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To sum things up, there are 6 steps to bidding and winning jobs.<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prepare a list of clients\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Build a relationship by meeting and talking about the projects<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hire an expert estimating company<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Contact the architect to get the information about other bidders<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Optimize your pricing and negotiate<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Keep following up on all the projects<\/span><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Are you frustrated to keep on bidding without signing a single contract? All the contractors out there have to work hard on estimating, but they don\u2019t spare any time to follow up on the submitted bids. We offer a customized estimating package for you, we can prepare accurate construction estimates for you and maintain a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":11268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Best way to bid construction projects and get awarded quickly!<\/title>\n<meta name=\"description\" content=\"We have revealed the best ways to bid construction projects. 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