Bid or No-Bid: How Contractors Choose Which Projects to Pursue

In short: The bid/no-bid decision is a structured evaluation of whether a specific project is worth your team's estimating time, based on profitability, fit, risk, and probability of winning. Six factors drive most go/no-go decisions: client, project, contractor, bidding, market, and economy. The top four signals are client financial capability, project risk, profit potential, and number of competitors. The true cost of a bid includes estimator hours, takeoff, plan review, and the opportunity cost of skipped bids. A healthy bid-to-win ratio sits around 5:1 for hard-bid work and 3:1 or better for negotiated and relationship-driven work. Better-fit projects beat more bids. Contractors who win consistently bid fewer jobs and qualify each one against a fixed framework before estimating starts. ConstructConnect®'s free bid/no-bid calculator runs your project through a weighted scoring model and gives you a go/no-go result in under five minutes.

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YFTB - Case Studies - for 100% Joint Venture Funding

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A Solution to: Developers that get refused by their bank...

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What information is required to be provided, evidenced and substantiated in order for a Loss of Profit claim to succeed?