How to Bid on Commercial Construction Projects

Make realistic bids on construction projects

Construction projects are often given to contractors who are qualified to do the job. They are chosen by bidding on construction jobs, where portfolios, qualifications, abilities and prices often play large factors. While it may seem simple to place a bid on a construction project, you do not want to offer a high price or undersell yourself as a contractor. Follow these steps to create a reasonable price bid for a construction project.

Instructions

1. Prepare an estimate of the project. This estimate should be realistic in terms of how much money you will need to complete the construction project. Include material, equipment and labor costs.

2. Add the amount you expect to make in profit. This amount should be added to the price calculated in step one. The profit can vary, depending on the needs of your company, economic conditions and your qualifications. You can often let your education and experience speak for a higher price.

3. Read over the construction project's specific requirements. The client may also have provided a list of bidding requirements. Make sure you provide everything required to be considered for the job, as incomplete bids will often not be considered for the job.

4. List your price in your bidding and ensure to include whether taxes are included in the price or if the client needs to add this on the given price. Make sure to list what is included in the price, including smaller decoration details. For example, notify the client if hardware is included in door installations.

5. Submit the bidding application in advance of the deadline. Make sure you follow the procedures and software formats requested by the client. Follow up on the bid a few days after the deadline to learn the status of your application.

References

• Microsoft Office: Project Bid
• Microsoft Office: Price Quotation without Tax