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#21 | |
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Noob
Trade: Commercial Interior Finish
Join Date: Jun 2009
Location: Pacific Northwest
Posts: 301
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Re: Moving From Residential To CommercialQuote:
Many of the bigger and mid-sized commercial GCs post the plans & specs of the jobs they are actively bidding on BXWA.com, and there is no cost for to you to see them, although some GCs might require that you enter a password which you can obtain from them by simply contacting them and telling them you want to bid that job. We also subscribe to the DJC (Daily Journal of Commerce) which lists upcoming commercial work for Oregon, Washington, and Alaska. I don't think it covers Idaho, but if you are looking to work in Eastern Washington or Oregon, then I would be something I would look into - its about $300 for a six month subscription, and $600 for a full year. You get a weekly paper to wrap your fish with, and a weekly email with the latest bid dates for upcoming work. I enjoy commercial work more than residential. You might have to deal with ever changing schedules, and every so often a big GC might try to bully you into doing free work for it (although not as bad as some home owners can be), overall I find it less stressful since I prefer dealing with other professionals who know what to expect rather than home owners. Good luck! |
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#22 | |
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Platinum Construction
Trade: General Contractor
Join Date: Oct 2008
Location: Idaho Falls,ID
Posts: 17
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Re: Moving From Residential To CommercialQuote:
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#23 |
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Member
Trade: Carpentry/cabinetry/ estimating
Join Date: Jan 2010
Location: Cincinnati
Posts: 47
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Re: Moving From Residential To Commercial
I bid work for a commercial painting company in ohio and we are finding that We get about 5% of what we bid. Every job we are bidding against 10 different painters and can lose a job over a couple hundred bucks. I as an estimator am salesmen also. We are making money but not enough and just keep doing them for cash flow. as far as the bond very hard to get larger than 250k. Some GCs would prefer to get 1 bid for multi trades so you might try bidding multi scopes and build you reputation that way.
we use blue book and the builders exchange. also if you are going to be needing to buy a lot of blue prints I would suggest buying a wide format printer. We got the canon ipf710 and are incredibly pleased and within 7 months its paid for itself. |
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#24 |
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New Guy
![]() ![]() Trade: Surety Agent supplies in license & contract bonds
Join Date: Jan 2010
Location: San Clemente
Posts: 29
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Re: Moving From Residential To Commercial
I have seen and worked with quite a number of residential contractors trying to make the move to commercial. To get bonding in excess of $250k single / $500k aggregate you will need to bite the bullet and get a good CPA who can put a financial presentation together that the surety underwriters can use to extend surety credit. The other keys to getting bonded is a good line of credit and use a surety/insurance agent that has experience and a wide range of markets to work with.
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| The Following 2 Users Say Thank You to SuretyPro For This Useful Post: | griz (01-19-2010), Platinum Const (01-25-2010) |
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#25 |
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SEMI RETIRED
Trade: General Contractor
Join Date: Nov 2009
Location: CA
Posts: 6,614
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Re: Moving From Residential To Commercial
Nowdays public works jobs are very very competitive. More who is low bid and can change order the project to death. It's very good work you just have to KNOW ALL the rules and play by them. RFI/RFP/Change order is a royal PITA, but it is how it is played much to the dismay of some of us er older guys. Bonding now days is very tough. Maybe you can partner up with a GC to get some projects under your belt. Be patient you may have the technical experience to complete the job but not the business experience in today's climate. Good Luck!! Griz
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| The Following User Says Thank You to griz For This Useful Post: | Platinum Const (01-25-2010) |
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#26 |
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Registered User
Trade: General Contracting
Join Date: Mar 2010
Posts: 5
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Re: Moving From Residential To Commercial
The good news is if you are the low bid you win. The bad news is if you are the low bid you win. What did you forget?
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