The ProfitDig Blog

Insights, strategies, and news for the modern contractor.

Contingencies
Blog

Using Contingencies to Cover Your A@# in Construction Job Bids

Construction projects are complex undertakings that involve a wide range of tasks, from planning and design to implementation and completion. While many construction projects are completed without incident, there are always unforeseen events that can arise during the course of a job. You can count on something going wrong! That’s why it’s essential for construction […]

April 17, 2023
Bidding on Municipal Construction Jobs
Blog

The Critical Differences Between Bidding on Municipal/Government Work Versus Private Work

As a contractor, you will likely bid on work for both private entities as well as municipalities/government enties. While the end goal may be the same – to win the project – the processes, requirements, and nuances of each type of bidding can vary significantly. In this article, we will explore the key differences between […]

April 12, 2023
Why Materials Prices Rise
Blog

Why Materials Prices Can Change So Rapidly and What To Do About It

Let’s talk about something that affects all of us in the industry: the prices of materials. Have you ever noticed that the price of wood and other materials can go up like crazy one day, and then drop just as quickly the next? It can be frustrating, but there are reasons behind it that we […]

April 6, 2023
The High Cost of Not Accounting for Safety In Your Bids
Blog

The High Cost of Not Accounting for Safety in Your Construction Job Bids

Construction sites can be dangerous places, and even with proper safety measures in place, accidents can still happen. Unfortunately, when a construction worker is injured on the job due to a lack of proper safety measures, the ramifications can be significant for the contractor and their business. In this article, we’ll explore the potential consequences […]

March 30, 2023
Looking at Plans
Blog

What Information Must Be Included In a Construction Job Bid?

A construction job bid is a document that outlines the proposed costs and timelines for a construction project. It is an essential tool for contractors to secure work and for clients to evaluate and compare different proposals. A well-written construction job bid should include the following information: Project Scope and RequirementsThe project scope and requirements […]

March 27, 2023
Soil samples in excavation
Blog

How Soil Samples Affect Your Excavation Bids

A soil sample is a small amount of soil that is collected from a specific area for testing and analysis. It is usually taken by using a soil sampling tool to collect a small amount of soil from various depths and locations within the designated area. The sample is then packaged and sent to a […]

March 13, 2023
7 excavation bidding mistakes
Blog

Top 7 Mistakes to Avoid When Bidding Excavation Work

Excavation work is a vital part of construction, whether you’re building a new structure or renovating an existing one. Usually in construction some dirt’s got to be moved! Excavation can be lucrative, but bidding those jobs can be tricky, especially if you’re not familiar with the process. Here are 7 mistakes that contractors make when […]

March 6, 2023
Streamline Your Estimates
Blog

Streamlining Your Residential Construction Estimates: Strategies to Save Time and Increase Accuracy

If you work in the construction industry, you know that creating estimates for residential projects can be a time-consuming and challenging process. With so many factors to consider, from labor costs to materials, it’s easy to get bogged down in the details. However, there are several strategies you can use to streamline your residential construction […]

February 17, 2023
Bids versus estimates
Blog

Construction Bid Versus Estimate – What Is the Difference?

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 […]

February 14, 2023
Excavator
Blog

Takeoff and Bidding for Excavation Jobs

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 […]

February 10, 2023
1...5678

Get construction tips delivered to your inbox.

Join 5,000+ contractors getting our weekly digest on bidding strategies and industry trends.

Loading form...