Colorado Construction Bidding Process
Surety Bond Professionals is a family-owned and operated bonding agency with over 75 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your construction bond needs. What is the Bid Process in Construction? The construction bidding process involves five steps: bid solicitation, bid submission, bid selection, contract formation, and project delivery. For a contractor in Colorado to achieve success in the construction bidding process, you need to plan and improve in each of these areas. If you’re a new contractor or are looking to secure more bids more often, follow our guide below. What Should a Construction Bid Include? Successful construction bids generally contain the total cost of building the structure, including expenses for subcontractors, general contractors’ costs, overhead profit, and scope of work. A bid will also need to contain information such as company details, the date, a clear definition of the work, and a project name. Without all of these elements combined, you may not meet the necessary standards. How Do You Estimate a Construction Bid? An accurate estimate is not only vital for winning a bid but it can also determine which Colorado...
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