by Gaurav Mehrotra | Jun 18, 2021 | Estimating, News, Podcast, SJCC
Executive Summary Many approaches exist for estimating – two of them being a theoretical approach versus a production history approach. One is based on what you think, the other on what you know. These terms may not be familiar to you, but the difference in execution...
by Gaurav Mehrotra | Feb 2, 2021 | Estimating, News, Podcast
Executive Summary When an owner determines the method of award is that the low bid wins, they shouldn’t expect contingency in a contractor’s bid. Here’s what they should expect. What is Contingency? If you go to google.com and type in “definition of contingency” you...
by Gaurav Mehrotra | Nov 14, 2020 | Estimating, Podcast
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 Prices A balanced bid price is when each of...
by Gaurav Mehrotra | May 22, 2020 | Estimating
Executive summary. Construction estimating isn’t wholly about the numbers. It involves a “feel” in its execution. This is why many say estimating is an art and a science. What is estimating? An estimate is just that. An estimate. Not an exactimate. Getting low on bid...
by Gaurav Mehrotra | Dec 30, 2019 | Medium, News, Takeoff
Executive Summary. Takeoff is a primary function in the estimation of construction costs. A good takeoff includes more than is plainly seen on the drawings. Here is discussed the definition and purpose of takeoff along with what makes a takeoff good. What is...
