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Hi. I need some general info about the process of bidding on a construction job. Any help is apperciated. Thanks. Please see questions below. I am not so interested in the methods of estimation at this time just the process of bidding. Please keep that in mind when you are responding.
Mike
1. Who is in charge of keeping track of all the bids? What is the technical name for this person?
2. Who decides which bidder gets the job? Is it typically the lowest bidder with the best skills for the job?
3. How much money does the person who keeps track of the bids take out?
4. How do they figure out the starting price of the first bid? Is it just the first person to bid makes the bid or is it a set amount? Are the bids secret from other companies or general knowledge to all of the companies in the process of bidding?
5. Do companies bid more then one time on a project? Say company 1 bids $95,000 and company 2 bids 90,000 and company 3 bids 89,000 would company 1 try to under bid them to get the job?
6. What kind of information does a person need to place a bid? Who gets this information for them?
7. Does the person/company who wants something constructed hire an architect to draw out blue prints and/or materials list? Does the architect just draw out the blue prints and describe the materials and the person bidding on the job has to decide how much materials they need?
8. When does the bidding usually happen? Is it a few weeks, months or years prior? In what season?
9. How long does the bidding typically last for?
10. Approximately how many people usually bid on a single job?
11. What if one company cannot complete the whole job? Does each different set of tasks on a job require a different set of specialists from several companies? Do companies typically bid on the whole job or just the part that they specialize in?
12. What is the average profit percentage that a company would make off a single job?
13. Is there a general way that all companies go about bidding or do they all use different methods?
14. Is there anything else I may have missed that you think would be important for me to know about this process?
Mike
1. Who is in charge of keeping track of all the bids? What is the technical name for this person?
2. Who decides which bidder gets the job? Is it typically the lowest bidder with the best skills for the job?
3. How much money does the person who keeps track of the bids take out?
4. How do they figure out the starting price of the first bid? Is it just the first person to bid makes the bid or is it a set amount? Are the bids secret from other companies or general knowledge to all of the companies in the process of bidding?
5. Do companies bid more then one time on a project? Say company 1 bids $95,000 and company 2 bids 90,000 and company 3 bids 89,000 would company 1 try to under bid them to get the job?
6. What kind of information does a person need to place a bid? Who gets this information for them?
7. Does the person/company who wants something constructed hire an architect to draw out blue prints and/or materials list? Does the architect just draw out the blue prints and describe the materials and the person bidding on the job has to decide how much materials they need?
8. When does the bidding usually happen? Is it a few weeks, months or years prior? In what season?
9. How long does the bidding typically last for?
10. Approximately how many people usually bid on a single job?
11. What if one company cannot complete the whole job? Does each different set of tasks on a job require a different set of specialists from several companies? Do companies typically bid on the whole job or just the part that they specialize in?
12. What is the average profit percentage that a company would make off a single job?
13. Is there a general way that all companies go about bidding or do they all use different methods?
14. Is there anything else I may have missed that you think would be important for me to know about this process?