As a general contractor, you know that the most important aspect of your business is not just bidding, but winning job contracts. But, you also know that’s not always easy. The world of contract bidding is highly competitive and in order to be successful, you have to be on top of your game and stay ahead of the competition. We’ve compiled a list of 5 simple bidding tips for contractors to consider before bidding that will help you land that dream job.
5 Bidding Tips for Contractors
When placing a bid for a job, the most important thing is to be upfront about all of your costs with your potential customer. Before you can do that, you need to examine what your expenses will be to complete the job. Things to consider before compiling your bid include:
Don’t undervalue your experience as a contractor. You’ve spent years developing your skill, set and all of your bids should reflect that. Base your total hourly rate on your experience, areas of special expertise, and time spent furthering your education in your particular industry.
Remember that you’ve had to pay for your license, bond, and insurance over the years, so be sure to consider those costs when determining your bid. Add a small percentage of these ongoing costs into your hourly rate for each bid you submit.
Supplies vary from job to job, but it’s important that you research every piece of equipment you’ll need for a particular job before creating your bid.
Like supplies, the tools you’ll need to complete a job varies. If you’ll have to purchase or rent a specific tool to complete a job you’re bidding on, be sure to include that expense into your final tally.
You have to pay for all of your vehicle maintenance and operational costs related to any job you successfully bid on, so don’t forget to include those costs in the bids you submit to any potential client.
Making sure to include every cost you can into your bids will reduce surprises for your customers and earn you a reputation of being honest and professional. This will give you the edge you need to win bids and keep your business growing strong!
Contact Adrian Steel Today!
Assessing your overall costs and being upfront with your potential customers is one important aspect of contract bidding, but making sure you have the right products to organize your tools and supplies is equally important. Adrian Steel offers a full line of cargo management solutions that will not only keep you organized but will also show your potential customer that you’re on top of your game. Contact us online or find an Adrian Steel distributor near you to get started!