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I used to run my business the way most contractors do: I'd visit potential clients, review the plans their architects had drawn, agree to bid against a group of other contractors, and then spend 10 to 100 hours estimating the work.
The other night, my husband and I watched a television show about contractors in California who are walking away from unfinished houses. But few contractors will walk away from an unfinished job voluntarily. That's definitely not part of their business plan. So why would it happen?
It's your worst nightmare: You've submitted a bid, it's been accepted, and then you find out there was a mistake in your estimate or that your bid was based on a subcontractor's mistake.
Learning some advanced functions will save loads of time.
No contractor wants to talk to customers about square-foot cost. But the topic will inevitably arise, because everything about planning a construction project — especially a new home — leads the customer to think in terms of cost per square foot.
Remodeling without losing your shirt; caution before cloning
This simple tool can streamline your estimating, purchasing, and job-costing -- and boost your bottom line
To avoid costly errors, be methodical about the way you collect and compare prices.
Accurate estimating is the foundation of your business. Until you have control over your estimates, anything else you want to do with your company is mostly a pipe dream.
Someone posted a question on JLC’s estimating forum recently about using standard assemblies to reduce the amount of time it takes to estimate. He wanted to know how to develop the assemblies and how detailed they ought to be.
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