Construction Bid Sheet
A construction bid sheet is the required document on which construction companies present their formal bid in their effort to win a project. Without the construction bid sheet, the entire process in selecting a general contractor to take on the construction process would be changed and its legality questioned.
A construction bid sheet is required for any project, regardless of the building method used. In the traditional method of selecting a contractor, an architectural firm is hired by the property owner to develop a design for the building or project. Once that design is completed and approved by the client, the architect then puts the design out for bids. While the architect may want to know more information about a contractor than their price, the bottom line is the primary reason for the selection of most contractors. In some cases, the bid is the only thing that is presented and the lowest bid gets the project.
While construction bid sheets carry the all-important data, there are other factors, beyond the simple baseline price that can determine a project winner. With the design-bid construction method, construction project bids cover more than just the price to build. The design-build method combines the architect and contractor as a unified team, where they present not only their price to build the project, but their architectural design as well. Design-build construction project bids include an all-inclusive price, including the cost of design and construction.
There are a number of different ways to take part in the process in today's construction industry, but each can be effective and meet the needs of the client. A construction bid sheet is needed in all of them.
Software for Bidding Purposes
A good method of how to bid construction is to use construction bid software. Construction bid software is used largely by general contractors as part of the cost estimation and budgeting processes when developing a bid for a new project. It was introduced the industry two decades ago, and it has made a major impact in a short period of time. What was once a major issue of concern for all construction projects, can now be done quickly and efficiently.
The main benefit of estimating software is the way it automates job costing. The software typically comes with a database of construction costs, updated monthly by subscription. Many builders will prefer to keep their own database for job costing so that the software will more accurately reflect local costs and price fluctuations in the market.
Simply having material and labor costs at hand makes the estimator’s job easier. Estimators can also use the software to define a job’s materials and labor hours. The software takes this definition and calculates the job cost from a database of labor and material costs. In this way, the estimator only needs to choose a job he has defined in the database, and the software does the rest. This minimizes the chance that some procedure or material will accidentally be left out of the equation.
Another benefit of estimating software is that it allows the builder to look at the final job costs and compare them with the initial bid. Bids can then be reviewed to see how they can be made more accurate. The estimator may decide to alter the definition of a particular job within the software database, calling for less of a material or fewer labor hours.
Construction bid software is not overly expensive, with most programs falling into a price range between $60 and $250, depending on the capabilities of the software. Most construction bid software is designed to work within Microsoft's Excel program, though some of them are stand-alone.
The benefits of construction bid software are substantial. Using software programs, general contractors are able to keep track of the financial status on a daily or hourly basis contrary to, far less frequently when the work was being done by an employee. All budgetary information is stored in one location and is easily accessed, in contrast to it was manually placed in separate files. The likelihood of errors is also far less than it would be if the computations were done by hand.
Learning how to bid construction properly can help a project's bottom line, as it reduces the number of employees needed to successfully see it through to completion.