Bidding is an important operational component for General Contractors, often fraught with peril… bid too low and you lose money (or worse!); bid too high and you don’t win the contract.
A 2017 SmartBid survey on the bidding or “invitation to bid” process identified 3 top challenges for General Contractors:
- 53% said the time required to generate bids was their biggest challenge
- 24% indicated finding qualified workers in specified areas (bid coverage) was the top challenge
- 20% said getting responses from sub-contractors was the hardest part