Structuring Estimates to Reduce Risk
The way you use estimate structures can have a big impact on risk within your business.
Other content in this Stream
The Pitfalls of Using Industry Averages for Construction Cost Benchmarking
As a construction estimator, you’re under pressure to work quickly. Needing to move quickly, but beware of generic cost estimates. Generic cost averages can’t ensure accurate construction estimates
5 Challenges MEP Estimators in the US Face Today
MEP estimators must work their magic consistently, sometimes with very little hard data to go on. Here are 5 challenges they face today and practical tips for addressing them.
5 Ways Paper-based Construction Files Are Costing You
General contractors are losing money relying on paper-based construction files. Learn the 5 ways paper-based construction files are costing money, and how digital cost-estimating can help.
Two Tell-tale Signs that It’s Time for Construction Estimating Software
Spreadsheets are a familiar estimating tool for a lot of industries. Because they’re a staple of the business software mix, they’re an easy choice. That doesn’t mean they’re the best choice for you.
7 Deadly Sins of Spreadsheets: Are Your Construction Estimates at Risk?
While basic spreadsheets were once the de facto standard, they’re no longer the best solution. They lack critical features and functionality that could be putting your profits in danger.
Your Last Estimate Failed — Try This Instead
Your firm can’t afford another bad estimate. Learn how to improve the appeal of your bids with a few easy tips and construction estimating software.
How to Compete for Bigger Construction Projects
Experts estimate that most construction companies only win between 10-20% of the projects they bid. Estimating is often considered to be a numbers game. Here's how to compete for bigger projects.
Your Best Estimator Just Quit - Now What?
According to the Bureau of Labor Statistics, the job growth for cost estimators is projected to increase by 11% by 2024. Here are 3 tips to minimize the impact should your top estimator quit.
4 Margin-killing Construction Estimating Errors—and How to Avoid Them
When you underestimate, you eat into your margins, which are already tight. When you overestimate, your high bid may be the reason you lose the job to a competitor. Here's how to avoid construction.
State of Construction 2018 [INFOGRAPHIC]
The results are in! We surveyed over 1,000 construction professionals in the MEP and field professions to determine the state of construction in North America. Read on to learn more.
4 Problems With Underbidding
Whether your shop needs cash to make it through the month or you could fit in another job, getting that extra gig can make all the difference to your business. But underbidding is a problem.
Here's How Expert Estimators Win More Bids
Estimators personally create more than 100 estimates a year, and most win just less than 25%. Here are 3 tips for winning bids.
The U.S. States with the Highest Paying Construction Jobs
The construction industry is booming across the United States, in line with the state of the economy. But, there’s a big difference in pay for construction pros depending on which state they’re in.
Why Specify "Access Control" in Your Construction Bids?
Are you properly protecting your construction workers from hazardous conditions? Learn why access control should be a priority during estimation and project bidding.
5 Things to Remember When Writing a Competitive Bid
Most companies only close on 10 - 20 percent of bids. Learn what estimators can do to help close deals, and the role technology plays in improving the quality of project bids.
You Should Be Training Your Estimators - Here's Why
In the construction industry, it’s important to provide training and professional development opportunities for your estimators. Here’s why.
From Paper to PC: Why Estimators Are Adopting BIM Technology
If you’re one of the pencil and paper estimators, listen up: BIM is more than just a buzzword. There is real-world ROI to BIM technology, and that’s why it’s being embraced by the industry as a whole.
Ways to Understand Labor Costs In Your Estimates
Accurate estimating is a must in the construction industry. You need a good way to estimate the costs involved in any project in order put in a realistic bid. But labor costs can make your estimates..
Are Copper Prices Putting Pressure on Estimators?
The full impact of fluctuating copper prices isn’t simple, and many estimators fail to take crucial variables into consideration. The result is more money lost from an already thin profit margin.
How to Find Talented Estimators During the Labor Shortage