Construction Bidding For Profit
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Construction Bidding For Profit
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Author : William R. Park
language : en
Publisher: Wiley-Interscience
Release Date : 1979-08-31
Construction Bidding For Profit written by William R. Park and has been published by Wiley-Interscience this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979-08-31 with Business & Economics categories.
Provides information on determining the optimum combination of price, cost, and volume that will help the contractor achieve a profitable contracting operation. Discusses simple, straightforward, and novel management decision-making techniques that show the contractor how to select the most profitable jobs, how to analyze them, and how to bid them for the greatest possible profit. Emphasizes the area between the estimated direct job cost and the bid price. Also covered: cost estimating and control; overhead cost and breakeven analysis; bid analysis; profit analysis; risk evaluation.
Construction Bidding
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Author : William R. Park
language : en
Publisher: Wiley-Interscience
Release Date : 1992-10-23
Construction Bidding written by William R. Park and has been published by Wiley-Interscience this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-10-23 with Business & Economics categories.
Construction contractors and engineers involved in competitive bidding situations confront a seemingly irreconcilable challenge. On the one hand, you can only win the job by bidding less than your cheapest competitor. Yet you still need to bid high enough to ensure the greatest profit margin possible under existing conditions. In this important addition to the Wiley Series of Practical Construction Guides, strategic bidding experts William Park and Wayne Chapin deliver a field-tested methodology for achieving consistent bidding success. In clear, easy-to-follow language, they update their explanations of proven techniques for using strategic bidding to dramatically improve any firm's profitability. At the same time, they show how to use DATABID, a powerful new construction estimating program, to apply these methods to your next bid. You'll also get a free ready-to-use disk that applies all of the techniques described in the book. This extensively revised and updated edition of Construction Bidding for Profit supplies step-by-step guidance for creating and implementing a workable, realistic competitive bidding strategy. From estimating costs and performing break-even analyses, to factoring in risk and uncertainty and setting realistic bidding goals, you'll discover how to achieve your specific profit objectives through an optimum combination of price, cost, and volume. And you'll learn to easily gather the full range of available competitive data and organize it in a manner that reveals profitable strategic insights into your competitor's bidding behavior. The Second Edition features a simple, nonthreatening approach to statistics and probability that boosts the chances of a successfulbidding outcome against any number of competitors. It is also brimming with updated illustrations, charts, checklists, and sample output for the DATABID estimating program. Throughout, examples drawn from the actual experiences of successful contractors in many different fields of construction illustrate the competitive bidding principles and techniques in action. Whether your specialty is heavy construction projects or subcontract work - whether your annual volume is $200,000 or $200 million - you'll confidently turn to Construction Bidding for the practical strategy and techniques you need to double your bidding efficiency and obtain the best margin for every job you win.
The Strategy Of Contracting For Profit
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Author : William R. Park
language : en
Publisher:
Release Date : 1966
The Strategy Of Contracting For Profit written by William R. Park and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1966 with Buildings categories.
Profitability Accounting And Bidding Strategy For Engineering And Construction Management
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Author : Hans J. Lang
language : en
Publisher: Van Nostrand Reinhold Company
Release Date : 1983
Profitability Accounting And Bidding Strategy For Engineering And Construction Management written by Hans J. Lang and has been published by Van Nostrand Reinhold Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Business & Economics categories.
Submitting A Winning Bid
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Author : Gustavo Cinca
language : en
Publisher: Gustavo.m.Cinca
Release Date : 2024-06-04
Submitting A Winning Bid written by Gustavo Cinca and has been published by Gustavo.m.Cinca this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-06-04 with Architecture categories.
Submitting a Winning Bid. Guide to making a Construction Bidding with Examples. If the work or service awarded comes from a faulty bid, you have not earned a job; you have earned a complication. For a construction and assembly industry to be financially viable, it must achieve positive economic outcomes in the work or services it provides. When the work or service awarded comes from a faulty offer, the company is unlikely to become profitable. To start a lucrative business, it is essential that the bidder submit a properly evaluated bid in every tendering process or competition. In the book, Winning Bid Submission outlines the steps to get a reliable bid. This manuscript is particularly interesting owners, shareholders and coordinators of tenders construction and industrial assembly contractors or subcontractors, and all members of organizations performing tasks related to the formulation of proposals or tenders in the context of tenders or price competitions. Submitting a Winning Bid. Guidelines to improve the accuracy of your offer with examples. Bidding at prices away from the market average undermines the proponent's business relationship with the customer. When the bidder presents a budget that is too low and has the misfortune of being awarded the work, it will inevitably have to face negative financial results because expenses will exceed revenues. If the bid has a very high value compared to the competition's proposals, it will probably be excluded from price competition. This situation, although less severe than the previous one, has a negative effect on your assets because of the increased expenses. The conclusion is that when we quote, we need to carefully analyze each stage to submit a reliable offer. Submitting a Winning Bid. The purpose of submitting a winning bid is to give the reader a complete and useful guide to support their budgeting. This manuscript details the main aspects to consider at each stage of developing a proposal in order to achieve the desired reliable budget. To quote, it is necessary to have your own experience in construction and industrial assembly and to use emotional intelligence to reconcile criteria with other colleagues or specialists to increase knowledge of what is being cited. Guidelines to Making Construction Bidding with Examples. This guide is based on the exceptional experience of the writer. The author of this book, worked during a large part of his professional life as a manager and construction director, on site, in different chemical process plants, refineries, gas pipelines, compression plants and thermal power plants in the country and abroad, finally created and presided over a construction and assembly company. Throughout his career, he has prepared and examined hundreds of estimates for the refurbishment of industrial plants and new facilities. Decide to apply the suggestions made in this publication, and your economic proposals will no doubt be more precise.
Directing Construction For Profit
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Author : Samuel P. Oppenheimer
language : en
Publisher: McGraw-Hill Companies
Release Date : 1971
Directing Construction For Profit written by Samuel P. Oppenheimer and has been published by McGraw-Hill Companies this book supported file pdf, txt, epub, kindle and other format this book has been release on 1971 with Business & Economics categories.
Competitive Bidding For Building Construction Contracts
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Author : Neal Hugh Bernard Benjamin
language : en
Publisher:
Release Date : 1969
Competitive Bidding For Building Construction Contracts written by Neal Hugh Bernard Benjamin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1969 with Buildings categories.
Nail Your Numbers
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Author : David Gerstel
language : en
Publisher: Latitude 67
Release Date : 2018-01-03
Nail Your Numbers written by David Gerstel and has been published by Latitude 67 this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-03 with categories.
A complete guide to estimating accurately and bidding wisely. Includes guidance on: Selecting the right jobs to bid. Accurately figuring labor costs and obtaining reliable sub and supplier quotes. Astutely marking up for overhead and profit. And moving beyond the competitive bid rat race to getting paid for estimates.
Digging For Profit
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Author : Jeff Spencer
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2016-11-18
Digging For Profit written by Jeff Spencer and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-11-18 with Construction industry categories.
Construction is a tough business. It can make you rich. And it can drive you into the ground. I should know. I've been in the construction industry for nearly a quarter century. I've been the guy sitting in the office bidding jobs. I've been the guy operating the backhoe. Hell, I've even been the guy shoveling gravel. I've made a lot of money. And I've gone bankrupt.But I dug my way back out. I wouldn't trade any of that experience because it has made me who I am today (well, maybe I would trade the bankrupt part). Today, I am a professional construction estimator and co-founder of ProfitDig LLC - an online application for easy construction estimating and job costing. This book is the culmination of my nearly twenty-five years' worth of knowledge in the construction industry.You can be successful in your own construction business, if you do things the right way.First off, you need to be really good at whatever it is you do. Forget about starting your own business until you have mastered your craft.Second, you need to be organized. You need to have a system for creating job bids that accurately reflect what it will cost you to complete the work (with some profit on top). And you must have a way to track all of your costs against the items in your bid.Third, you need to be professional. If you want to grow your business, people need to respect you and like you. You need to deliver high quality results on time and on budget. And if on time, on budget isn't going to happen, you need to know how to deal with it.These are the things we will talk about in this book. Topics include: How to get your first customer How to bid jobs professionally What to charge for people and equipment Contract review and negotiations Job management ] How to track your costs so you know if you're actually making any money Managing your materials to minimize waste Renting versus buying equipment Subcontractors Strategies to win jobs Understanding job bonding Managing your finances In addition, I will tell you some of the top dangers to avoid so you won't make the same mistakes I did with my company. Learn from my hard-earned experience. Do the things the right way and you can be successful.
Construction Estimating For General Contractors
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Author : Leo Diamant
language : en
Publisher: Wiley-Interscience
Release Date : 1988-03-04
Construction Estimating For General Contractors written by Leo Diamant and has been published by Wiley-Interscience this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988-03-04 with Technology & Engineering categories.
The first book to provide general contractors with complete coverage of the pre-bid process, this practical guide describes all the necessary components involved in the estimating process. Offers step-by-step guidelines for preparing an accurate bid without getting bogged down in the details. Topics include developing the cost sheets for bidding the total projects, methods of obtaining and recording subcontractors' bids, how to negotiate effectively during the bidding period, and how to evaluate the bids received. Includes an appendix with a cost sheet and accompanying takeoff sheets for a typical bid.