{"id":32227,"date":"2024-02-05T22:14:00","date_gmt":"2024-02-05T15:14:00","guid":{"rendered":"https:\/\/aycontento.com\/?p=32227"},"modified":"2024-12-05T22:19:01","modified_gmt":"2024-12-05T15:19:01","slug":"5-things-you-should-know-before-bidding-2","status":"publish","type":"post","link":"https:\/\/aycontento.com\/en\/blog\/5-things-you-should-know-before-bidding-2\/","title":{"rendered":"Construction Bidding Mistakes: 5 Things to Double-Check"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"32227\" class=\"elementor elementor-32227\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"wd-negative-gap elementor-element elementor-element-9cdedfb e-flex e-con-boxed e-con e-parent\" data-id=\"9cdedfb\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e7d9aeb elementor-widget elementor-widget-wd_text_block\" data-id=\"e7d9aeb\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;highlighted_vertical_offset&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;highlighted_vertical_offset_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;highlighted_vertical_offset_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"wd_text_block.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"wd-text-block reset-last-child text-left\">\n\t\t\t\n\t\t\t<p>You don't want to put your construction firm at jeopardy, but that's exactly what happens when you don't prepare correct cost estimates. You can count quantities all day, but if you haven't adequately examined the project's scope and requirements, you might discover that bidding cheap isn't the best option.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9920363 elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"9920363\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h3&quot;],&quot;exclude_headings_by_selector&quot;:[],&quot;marker_view&quot;:&quot;bullets&quot;,&quot;icon&quot;:{&quot;value&quot;:&quot;fas fa-dot-circle&quot;,&quot;library&quot;:&quot;fa-solid&quot;,&quot;rendered_tag&quot;:&quot;&lt;svg class=\\&quot;e-font-icon-svg e-fas-dot-circle\\&quot; viewBox=\\&quot;0 0 512 512\\&quot; xmlns=\\&quot;http:\\\/\\\/www.w3.org\\\/2000\\\/svg\\&quot;&gt;&lt;path d=\\&quot;M256 8C119.033 8 8 119.033 8 256s111.033 248 248 248 248-111.033 248-248S392.967 8 256 8zm80 248c0 44.112-35.888 80-80 80s-80-35.888-80-80 35.888-80 80-80 80 35.888 80 80z\\&quot;&gt;&lt;\\\/path&gt;&lt;\\\/svg&gt;&quot;},&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of Content\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__9920363\" aria-expanded=\"true\" aria-label=\"Open table of contents\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__9920363\" aria-expanded=\"true\" aria-label=\"Close table of contents\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__9920363\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<svg class=\"elementor-toc__spinner eicon-animation-spin e-font-icon-svg e-eicon-loading\" aria-hidden=\"true\" viewBox=\"0 0 1000 1000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M500 975V858C696 858 858 696 858 500S696 142 500 142 142 304 142 500H25C25 237 238 25 500 25S975 237 975 500 763 975 500 975Z\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-25f3b0e elementor-widget elementor-widget-wd_text_block\" data-id=\"25f3b0e\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;highlighted_vertical_offset&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;highlighted_vertical_offset_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;highlighted_vertical_offset_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"wd_text_block.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"wd-text-block reset-last-child text-left\">\n\t\t\t\n\t\t\t<h2><b>Don't Miscalculate!: 5 Things to Check before Construction Bidding<\/b><\/h2><p>While no project is perfect, it is critical to be meticulous and intentional when analyzing and forecasting future expenditures and expenses. This is especially important if you want to secure contracts that may potentially provide the most profit for your company.<\/p><p><br \/>Here are 5 factors you should not underestimate in your final construction bidding:<\/p><h3><b>1. All Equipment Needed<\/b><\/h3><p><span style=\"font-weight: 400;\">Calculate each piece of equipment, from your company's pickup truck to rental cranes and special lifts. Don't forget to factor in depreciation by charging per hour to get the correct cost.<\/span><\/p><p>\u00a0<\/p><h3><b>2. Where to Put Excavated Material (Excavation Work)<\/b><\/h3><p><span style=\"font-weight: 400;\">Inspect the area and calculate the cubic meters of material to be excavated carefully. For example, if you win a low bid for excavating a swimming pool, but the cost of removing the excavated soil is high, your profit will be reduced significantly.<\/span><\/p><p>\u00a0<\/p><h3><b>3. Long Lead Times for Products<\/b><\/h3><p><span style=\"font-weight: 400;\">Plan for products with long production times, such as glass curtain wall systems, escalators, and steel structures. These products can impact your construction schedule, so you need to manage them effectively in your construction bidding process to avoid delays.<\/span><\/p><p>\u00a0<\/p><h3><b>4. Enforced Safety Standards at Work<\/b><\/h3><p><span style=\"font-weight: 400;\">Don't overlook the costs of various safety equipment required on the job site, such as cones, barriers, safety nets, and other similar protective gear. There may be additional regulations from the Ministry regarding the proper disposal of hazardous waste.<\/span><\/p><p>\u00a0<\/p><h3><b>5. The Actual Job Site<\/b><\/h3><p><span style=\"font-weight: 400;\">Always visit the actual job site to see the physical conditions in person. Unfamiliar job site conditions, such as working in a cramped urban area, can lead to higher costs and reduce your profit.<\/span><\/p><p>\u00a0<\/p><h2><b>Check Minimum Wage Rates Again<\/b><\/h2><p><span style=\"font-weight: 400;\">When you rush to submit a bid, it's easy to make the same old mistakes. Did you forget about troublesome suppliers or any delayed transactions? No one wants the last 5% of a job to eat up 50% of your entire profit, but it can happen to anyone, even experienced subcontractors and general contractors.<\/span><\/p><p><span style=\"font-weight: 400;\">For example, you need to check the minimum wage for an 8-story car park construction project or a 60,000 square meter wall painting project. Instead of wasting time investing in the accounting department to determine or adjust the actual labor cost calculation, you can take a shortcut by estimating from the minimum wage and adding 26 percent.<\/span><\/p><p><span style=\"font-weight: 400;\">Also, don't forget to consider the hourly rate when hiring special labor or craftsmen. Everything mentioned above will benefit your construction business if you can identify these issues early in the project.<\/span><\/p><p>\u00a0<\/p><h2><b>Moving on to Your Next Construction Project<\/b><\/h2><p><span style=\"font-weight: 400;\">If you dig a little deeper into your estimating process, you may find some room for improvement. Refining your estimating workflow is one way to avoid making the same mistakes repeatedly. Here are a few more tips and techniques to help you look forward to your next project:<\/span><\/p><p><span style=\"font-weight: 400;\">Track your progress against your original estimate to make it easier to predict how long future work will take.<\/span><\/p><p><span style=\"font-weight: 400;\">Meet with clients after project completion and share positive or corrective feedback with estimators and the team.<\/span><\/p><p><span style=\"font-weight: 400;\">Complete each job with a P&amp;L (Profit and Loss) so everyone knows they are contributing to making each job profitable and can be even more profitable than the last.<\/span><\/p><p>\u00a0<\/p><h2><b>Having a Dedicated Construction Material Salesperson<\/b><\/h2><p><span style=\"font-weight: 400;\">This is something many contractors overlook. Your time may be more valuable than spending it researching prices for each item, of which there are many, that will be needed for that bid. It can be very time-consuming!<\/span><\/p><p><span style=\"font-weight: 400;\">It's true that you may get a better price for some items than your regular supplier, but if you average the prices of 3, 5, or more items, you may find that they are more expensive, or if they are cheaper, they may only be slightly cheaper. Isn't it a waste of time?<\/span><\/p><p><span style=\"font-weight: 400;\">In terms of construction materials, it's much better to have someone to help you. If you need any product, just call or LINE them. It's much better than finding it yourself. If you think it's too expensive, try to negotiate the price or find another supplier to compare. However, people in the industry will know that it takes a long time to get a good price from the big players in the Thai construction industry.<\/span><\/p><p><span style=\"font-weight: 400;\">But not at <a href=\"https:\/\/aycontento.com\/en\/\" target=\"_blank\" rel=\"noopener\">AY Contento<\/a> (let me sell a little). Our sales are fast, powerful, and reliable!<\/span><\/p><p><span style=\"font-weight: 400;\"><a href=\"https:\/\/line.me\/R\/ti\/p\/@996svshw?oat_content=url\" target=\"_blank\" rel=\"noopener\">Contact us<\/a> to request a salesperson to take care of you<\/span><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>You don&#8217;t want to put your construction firm at jeopardy, but that&#8217;s exactly what happens when you don&#8217;t prepare correct<\/p>","protected":false},"author":2,"featured_media":32242,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[773],"tags":[1408,1407],"class_list":["post-32227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-construction-bidding","tag-private-construction-bidding"],"_links":{"self":[{"href":"https:\/\/aycontento.com\/en\/wp-json\/wp\/v2\/posts\/32227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aycontento.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aycontento.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aycontento.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/aycontento.com\/en\/wp-json\/wp\/v2\/comments?post=32227"}],"version-history":[{"count":0,"href":"https:\/\/aycontento.com\/en\/wp-json\/wp\/v2\/posts\/32227\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aycontento.com\/en\/wp-json\/wp\/v2\/media\/32242"}],"wp:attachment":[{"href":"https:\/\/aycontento.com\/en\/wp-json\/wp\/v2\/media?parent=32227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aycontento.com\/en\/wp-json\/wp\/v2\/categories?post=32227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aycontento.com\/en\/wp-json\/wp\/v2\/tags?post=32227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}