Feb 8, 2023 | Blog, Job Bidding
When you are just getting started as a contractor, one of the more confusing things to deal with is how to find construction jobs to bid on. It’s not as hard as you think. There are several ways to find construction jobs to bid on, including: Online job boards...
Feb 6, 2023 | Blog, Career, Job Bidding
GMP (Guaranteed Maximum Price) is a type of contract in construction project management that sets the maximum price the owner will pay for the construction work, regardless of actual costs. The GMP is agreed upon before construction begins and is based on the...
Jan 26, 2023 | Blog, Career, Job Bidding
Using job bidding software can be beneficial for a new construction company owner. It can help streamline the bidding process and provide a more professional and accurate bid proposal. However, it is important to consider the cost of the software and weigh it against...
Jan 24, 2023 | Blog, Career, Management
Foremen are typically responsible for overseeing and coordinating the work of a construction crew, which may include carpenters, electricians, plumbers, and other skilled tradespeople. They may also be responsible for creating and managing project schedules, ordering...
Jan 19, 2023 | Blog, Job Bidding
A construction project will generally involve numerous types of specialties. Nobody knows how to do everything! That’s why General Contractors hire subcontractors to perform specific parts of the job in which they have expertise. A project generally starts by...
Jan 17, 2023 | Blog, Finances, Job Bidding
Rapidly rising materials costs are a real concern for any construction contractor, especially in light of the price inflation we are experiencing these days. But there are strategies you can use to mitigate the risk and save your profit. Here are ten strategies you...
Jan 11, 2023 | Blog, Management, ProfitDig Updates
Your bidding process can make or break the job…or even your bottom line. Here’s a few tips to help you when you’re ready to put “pen to paper” (or better yet, when you are ready to submit your bid through ProfitDig construction bidding...
Aug 2, 2022 | Blog, Management, ProfitDig Updates
There are all different sizes of projects you can pursue, ranging from projects you can work on yourself right away – smaller jobs in town, for example – to big jobs on bigger sites. As a smaller company just starting out, you always want to strive to grow...
Jul 27, 2022 | Blog, Finances, Job Bidding, Management
An escrow account is essentially a savings account that’s managed by your mortgage servicer. How can this be helpful in managing the cashflow in construction? If you are thinking of becoming self-sufficient in the construction industry, investing your profits...
Jul 19, 2022 | Blog, Management
Construction is a tough business. It can make you rich. And it can drive you into the ground. You can be successful in your own construction business, if you do things the right way. 1. You need to be really good at whatever it is you do. Forget about starting your...
