From the course: Construction Estimating Bid Recap
Join today to access over 22,600 courses taught by industry experts or purchase this course individually.
Additional steps - Accubid Tutorial
From the course: Construction Estimating Bid Recap
Additional steps
- [Instructor] What we've seen so far are the fundamental concepts and steps to recap in your bid. Here are a few more optional steps or considerations when closing your bid. It's a great idea to develop and maintain a checklist to use at the end of an estimate as a reminder of the items that sometimes may be overlooked or forgotten in an estimate. Use past experience, your knowledge of construction jobs, and even the input of other estimators and project managers to put this checklist together. Be disciplined and use it after every estimate, and you will be rewarded in the long run. Large quote markups. As you saw in the overhead and profit video, the markup calculations are applied to the whole project cost. In some cases, these markups are excessive and can make a bid or estimate non-competitive. For example, a 12% overhead markup on a very large supplier quote for a large piece of equipment, such as a large air handler or a giant scoreboard you're installing, might be too much…
Practice while you learn with exercise files
Download the files the instructor uses to teach the course. Follow along and learn by watching, listening and practicing.
Download courses and learn on the go
Watch courses on your mobile device without an internet connection. Download courses using your iOS or Android LinkedIn Learning app.