The ProfitDig Blog

While both a bid and an estimate involve predicting the cost of a construction project, they are not the same thing. An estimate is an approximation of the total cost of a project based on available information, whereas a bid is a formal offer to perform the project at a specific cost. A bid typically […]

Bidding on excavation jobs can be complicated. Don’t attempt to go out on your own in excavation until you have the experience to know what you are doing. Excavation job bidding involves several steps, including: Understanding the scope of the project: Before bidding on a job, you need to thoroughly understand the scope of the […]

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 and websites: Websites like BidClerk and […]

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 contractor’s estimated cost of the project. The contractor is responsible for delivering […]

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 the current volume and size of your projects and the potential […]

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 materials, and ensuring that safety protocols are being followed. In order to be successful in this role, a foreman […]

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 having to dig into the ground – excavation! Excavation is a specific type of construction work […]

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 can use to account for rising materials prices: Including a contingency […]

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 software).   Clearly define the scope of work: Make sure you have […]

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 and get larger, for the most part. […]