The ProfitDig Blog

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 […]

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 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 […]

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 […]