Bring Order to Disorganized Bidding Processes [Blog]

Back in the days before smartphones and email, contact information was stored in many different places: an address book, a roller desk, post-it notes, old mail… Remember back then? You had to search all over just to find someone’s contact information. And then, keeping everything up-to-date was another problem altogether.

The challenge of disorganized bidding on construction jobs is similar to the old problem with contacts: When job estimates are created by multiple people using different programs, gathering the data necessary to prepare accurate bids can be slow and time-consuming. Without systematic processes, creating bids can be tedious work. Instead, managers need a trusted way to ensure nothing is missed and all key information is available so they can quickly create the best estimate possible.

We recommend solving disorganized bidding in four ways:
1) Deploy a unified estimating platform – A unified estimating platform allows multiple estimators to collaborate on the bidding process. This increases efficiency and consistency. Faster estimating leads to more bids and, ultimately, more work.

2) Leverage Benchmarking – Capturing and leveraging best practices and benchmarking against similar jobs allows you to confidently create more accurate bids.

3) Standardize cost account code structure down to a third level of detail – Common account code structure enables consistent reporting.

4) Utilize common reports and management dashboards – Ensure all stakeholders are (literally) on the same page by creating and deploying standard reports and dashboards.

Don’t be stuck with disorganized bidding – By addressing this challenge, you can quickly and easily create more accurate bids, which can, ultimately, help your company be more successful.

 

Watch the full webinar

Learn how INEIGHT can help

 

v2