Job Costing, Bidding, Estimating

In today’s competitive market where most construction firms face shrinking profit margins, job costing, bidding, and estimating that is both accurate and relevant is essential for survival and critical for success. During good times when jobs are plenty and profit margins healthy, inefficiencies can slowly creep in while everyone is focused on managing the frenzy of high sales volume, growth, and getting jobs built. Unfortunately, the party never lasts forever and firms eventually lower prices to get enough work to keep crews busy. For firms that diligently utilize an integrated system of job costing, bidding, and estimating to drive efficiency, economic downturns can be opportunities to acquire market share and emerge more profitable than ever during the next economic expansion. Firms without such a system in place often realize after it’s too late that they’ve been selling and building jobs below cost and don’t have the resources or operating efficiency to survive the downturn. Does your company truly know its costs? Our Job Costing, Bidding, and Estimating tools and services can get you where you need to be.

Key elements include:

• Assess current job costing needs in context of current deliverables,
• Streamline job cost system design by eliminating unnecessary data collection and focusing on high impact metrics,
• Create a closed loop process between job costing and the bidding/estimating process,
• Streamline the bidding & estimating process to increase labor productivity and accuracy,

To establish or fine-tune a job costing, bidding, and estimating process that will serve you well through good and bad times, contact us.