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
What to Do When Your Cost Estimators Don’t Like Change
You can convince your estimators that there’s a better method to cost estimating than using spreadsheets. Here are some ways to position construction estimating software as a win-win for everyone.
Do Your Construction Estimates Make You Look Like a Dinosaur?
Don’t let technology pass you by and hurt your ability to stay relevant. Construction estimating software is a smart and easy place to begin to embrace new tech and keep up with owners’ expectations.
How to Calculate the ROI of Construction Estimating Software
When your estimators have been relying on traditional methods like spreadsheets to produce estimates, making the leap to construction estimating software can be a big one.
Should Trends in the Construction Industry Make You Rethink Your Estimating Processes?
Industry trends are giving future-focused construction contractors pause, causing them to take a closer look at their processes and find ways to be more flexible and efficient—or risk falling behind.
Your Estimating Spreadsheets Are Good Enough… or Are They?
Some construction estimators feel their spreadsheets are better than dedicated estimating software. But there are risks to spreadsheets which are compounded by the complexity to make them fit for use.
Make Sure Your Construction Estimating Software Pays Off with This Six-step Plan
You may be well versed in the advantages of construction estimating software, but if the challenge of implementing it is weighing heavily on your mind, you’re not alone.
7 Tips for Plumbing Success in Modern Construction
We’ve identified seven simple but powerful tips that plumbing companies have put into practice to enhance their competitive positioning and optimize their workflow - from design to construction.
How to Turn Your Conceptual Estimates into Your Competitive Advantage
You only get one chance to make a first impression. When it comes to large or complex construction projects, your first impression is often your response to a request for a conceptual estimate.
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.
3 Reasons to Think Twice about Turning Down Conceptual Estimate Requests
How do you decide if conceptual estimates are really worth pursuing? Read this post to discover a few key considerations that can make your decision clearer.
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 MEP 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