Search Results for: Unbalanced Bid

Setting the Bid Unit Price: 2 Main Reasons for Unbalancing

Executive Summary Setting of bid prices on a unit price bid can have significant effects on the financial performance of a project. Set your unit prices in your proposals to have positive impact. Be strategic. Balanced Bid PricesA balanced bid price is when each of the bid items shares equally […]

Bid Unbalancing – How It’s Done To Increase Profit

Executive Summary Contractors unbalance unit prices in their bids to take advantage of anticipated quantity overruns and underruns. An intelligent unbalancing of the unit prices can result in higher profits. Of course, that’s the contractors’ goal. Review the example provided to see how it’s done. The Bid Proposal Let’s look […]

Embedding Cost Control Culture into the Project Cycle

By Scott Jennings, P.E. This article was originally published in CFMA’s Building Profits April 2019 Sometimes financial situations can cause a contractor to fail. But these mishaps can likely be avoided.  Forecasting and managing the timely implementation and execution of cost controls can considerably impact effective bidding. In fact, cost […]

Estimate Handoff – Estimators to Field Team

Executive Summary It’s great that your estimators just landed a new project, but your competitive advantage can be lost without a synchronized handoff to the field team. Make sure to have a formal meeting between the estimating and project management teams before the project starts. Estimator knows best. There is […]

SJCC Toolbox Terms & Glossary

Listen to our podcast for new terms and check out our glossary below. Click on a term to find articles that reference that term. Glossary of Terms A Aggregate – Coarse material such as sand, gravel, or other crushed rock. Often used as a substrate or base course. Artics – […]

Killer Clauses: No Damages for Delay

Executive Summary:  A presentation on March 8, 2017at the 98th Annual AGC Convention reviewed ten (10) “killer clauses” in contracts.  The “No Damages for Delay Clause” was #4; it is discussed, and proposed language to neutralize the clause is presented. What’s at stake.  A presentation prepared by Brian Perlberg (Senior […]