The #1 Construction Bidding Mistake Contractors Make

From labor to equipment and fuel, your construction bid includes an accurate estimate of all the related project costs. But, does it account for how you are going to PAY for your employees that are not part of the project labor force, or your other general overhead like rent, office staff, your salary, insurance, debt payments, vehicle payments or other equipment costs?
It better, or the cost of that funding will come straight out of your profit or worse; be more than the profit you estimated to realize in the first place.
In this video, Scott breaks down why using a blanket markup rather than an informed profit margin on your construction bid is the biggest mistake you can make on your next bid.
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[@CMCraftsman]

The biggest bidding mistake is bidding in the first place.

[@assuredperformance3603]

A great video. You clearly help a lot of people! Keep up the good work.

[@MobilizationFunding]

Thanks! We're glad you found it useful and appreciate your support. Stay tuned for more videos, and feel free to ask if you have any questions!

[@rogiervantilburg3440]

100% agree! Reverse engineering is what l do, it starts with what l need as net income and average monthly business expenses. That is the bare minimum of what you need to make, plus income taxes.

[@ncm0036]

Such great insight!! Thanks for teaching this crucial information!

[@pcastrejon23]

👍🔥

[@macontractors8072]

Thank you for this video

[@MobilizationFunding]

Thank you for watching and taking the time to leave a comment. We appreciate your support!

[@sydneyamaro7504]

Great insight

[@mikejr1152]

Good afternoon Scott, I'm just finding your channel and it seems really helpful. My questions are: when getting bids on projects, add your monthly overhead (%) to every project? Is this for the developers or contractors to follow? Thank you.

[@IvanHernandez-ij5es]

Thanks a lot from California

[@MobilizationFunding]

Thank you so much! We really appreciate your support!

[@sub.owen.create]

Great advice, thank you

[@MobilizationFunding]

Thank you so much for your kind words! We're glad we could provide useful advice for you.

[@davidorcutt9246]

I like it. Thank you

[@MobilizationFunding]

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[@marcrodrod7776]

Good stuff

[@MobilizationFunding]

Thank you for your kind words! We really appreciate your support.