How Do You Bid On Commercial Construction Projects?
Construction projects are often given to contractors who are qualified to do the job. They are chosen by bidding on construction jobs, where portfolios, qualifications, abilities and prices often play large factors. While it may seem simple to place a bid on a construction project, you do not want to offer a high price or undersell yourself as a contractor. Follow these steps to create a reasonable price bid for a construction project. Prepare an estimate of the project. This estimate should be realistic in terms of how much money you will need to complete the construction project. Include material, equipment and labor costs. Add the amount you expect to make in profit. This amount should be added to the price calculated in step one. The profit can vary, depending on the needs of your company, economic conditions and your qualifications. You can often let your education and experience speak for a higher price. Read over the construction project’s specific requirements. The client may a
