The ProfitDig Blog
Insights, strategies, and news for the modern contractor.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
How to Find Construction Jobs to Bid On
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 Construction Contracts – Should They Be Avoided by New Contractors?
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 […]
Should a New Construction Owner Purchase Job Bidding Software?
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 […]
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