There are often psychological barriers to estimating that are bigger contributors to inaccurate bids than technical failures. The beauty of recognizing these pitfalls is that you’ll be able to spot disastrously low estimates long before you win the bid.
There’s no sure way to know a contractor won’t stiff you; after all, construction projects have a lot of risk and when things go south the subcontractors stand at the end of the receiving line. But, you can follow some steps that will help reduce the chances you’ll be spending time in court, instead of on the golf course.
Accidents do, and will always happen. But, what if you could significantly diminish them? Learn some helpful tricks and strategies to mitigate unknown risks and minimize the fallout.
For construction firms with razor-thin profit margins, it’s crucial to cut costs down in every way possible. Having to reprint architectural drawings even once can cut into a project’s profits, but having to do it more than once can potentially make a job unprofitable.
Contractor differentiation is becoming increasingly important for long-term survival in construction markets that are flush