Successful Bidding Strategies

Students will learn the best methods for properly pricing construction projects. Learn how to get the best prices from your subs and material suppliers. Discover new techniques for finding the most profitable jobs for your operation. Learn how to give your competition the low profit work and get the high profit jobs yourself. The tools you will take away from this course will immediately raise the profitability of your future jobs.

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Overview

This course will provide you and your team with clear, concise methods and guidelines for bidding projects of all sizes. Your estimators and staff will learn what they need to know at each step of the bidding process. The advanced techniques covered in this course will inform attendees of how to pick the best jobs and which bidding process to apply. When should you shop for better prices? When should you turn down an opportunity to bid? How do you know what the competition is doing? All of these questions and more are answered in this course.

Course Highlights

The changing construction market
Major growth areas for contractors
Specialization versus diversification
Anticipating increased business costs
Achieving success in competitive markets
Improving bottom-line results
How to structure an estimating system for your type of construction
Correcting the causes of estimate errors
Negotiating favorable subcontractor prices
How to eliminate 90% of hidden costs
Picking the work which creates risk
Covering the risk by proper pricing
Determining your company’s project ability
Ways to profit highly on small projects
How much to reduce your price to get the big job
Accurately predicting your competitor’s bid
Probability charts and graphs
Developing a complete bidding system that works

Successful Bidding Strategies

Overview

Course Highlights

Contact CEI to develop a custom training program for your organization.