The ProfitDig Blog
Insights, strategies, and news for the modern contractor.
How to Manage Your Construction Company’s Finances for Success
It doesn’t matter how good you are at performing the work for which you are hired – if you don’t manage the money coming in and going out, you will end up broke. If you own a construction company, you’ve probably got a lot of money going out, and hopefully some moneycoming in, but at […]
Construction Job Bidding Strategies
Let’s talk about some strategies that will help you win more job bids. Use the Local Contractor Advantage If you are bidding on certain types of local municipality or government work, you may have a local contractor advantage if the job is in your own hometown. This means that your bid can be a certain […]
You Think You Know Bid Bonds? You Don’t Know Jack!
Construction bid bonds are a topic that the new construction company owner may not know much about. I am going to give you a quick primer so you know what you are dealing with. When you get into construction jobs of a larger scale, whether you’re a prime contractor or a subcontractor, you’re going to […]
When to Hire Your First Estimator
When first starting out, most small construction company owners will do their own estimating, in addition to the actual work on the jobsite. So the question then is when is the time right to hire a full-time estimator? In my opinion, you need to be in business for a while. Hiring an estimator is definitely […]
How to Bid a Construction Job
Let’s talk about how to bid a construction job. You are going to want to provide a professional looking bid that clearly matches the requirements of the job. The bid will be divided into sections called \”headers\” and \”bid items.\” Headers are top-level items that consist of one or more bid items. To create a […]
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