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Profitability in construction: It's all in the bidding

from Construction Executive Aug. 7

Profitability in construction: It's all in the bidding Construction Executive Aug. 7 When starting a construction project, contractors review many factors to meet the desired profitability. But to make sure the numbers add up at the end of the day, it all begins with proper bidding. In construction, everything is bid or estimated out. Pricing strategy is based on the cost of materials, labor and margin. If contractors bid aggressively, then margins end up thinner. Room for error is minimal, and bidding is competitive regardless of the market. READ MORE

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