When it comes to construction and trade businesses (plumbers, HVAC Contractors, Electrical Contractors, etc.), accurately estimating and bidding potential jobs is the most crucial and fundamental aspect of a successful project. Remember, there is a difference between general estimates and firm bids. An estimate is an approximation to give clients an idea of what to expect. A quote, or bid, is a fixed dollar value based on a specific time frame.
There are several components of the bidding process that need to be understood and properly executed to complete a job that is both fair and lucrative. Here are some key points to keep in mind.Details