The ProfitDig Blog

The hard bid estimating process is a widely used method of estimating construction costs and time. The process involves listing the various items that go into the building, such as labor and materials, and calculating their total cost. A hard bid is a rough estimate of construction cost. In other words, it is a starting […]

AIA contracts are standard forms used in many construction projects across the United States. It outlines the responsibilities of both the contractor and the owner and can be used as a legal agreement between both parties. In this article, we will discuss the key points that contractors need to know about the AIA contracts. We […]

Excerpt from Digging for Profit: Secrets to Success in the Construction Industry, by Jeff Spencer and Jerry Work   There are going to be times when you can’t self-perform every part of a project yourself. It’s very common to be looking at a project, especially something you really want to bid on, that is above […]

Excerpted from the book “Digging for Profit: Secrets to Success in the Construction Industry” by Jeff Spencer and Jerry Work.   So you have just bid on a job, or part of a job as a subcontractor, and you’ve received a contract back from the general contractor, or whomever you’re going to be working for. […]

In construction, “GMP” stands for “Guaranteed Maximum Price.” It is a contract whereby the General Contractor guarantees that the total cost of a project will not exceed a set amount. It is often a sort-of design-build kind of thing because the GC and its subs do the design work along the way (especially during the […]

We talk a lot about job bidding because it is an absolutely critical skill if you want to start and grow a successful construction firm. This article summarizes some of our best job bidding advice and contains several videos in which we discuss various aspects of the bidding process. Research the Job Thoroughly I would […]

Construction activity is slowing down in some places, so this is a good time of the year to evaluate your business from a high level standpoint and begin considering what you can do to build a bigger, more successful company. We talk often about strategies for better performing the actual work, but today we thought […]

Here are some of the major recent upgrades to the ProfitDig system that will save you time and make your job easier: Project Manager viewing restrictions. There was some concern from larger companies that Project Managers had too much visibility on employee hourly rates/salaries. The company owners do not want all Project Managers to know what […]

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 […]

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 […]