Faster Bids Spells Faster Profits
Faster Bids Spells Faster Profits
Are you looking for ways to get faster bids and make more money? Whether you’re a general contractor, a subcontractor, or a supplier, faster bids mean you can get more work. Faster Bids Spells Faster Profits . It may seem kind of a “no brainer” when you consider the process. The better you are at organizing the bidding process as a system, though, the better you will grow your business. Let’s look at five ways faster bidding helps you to get to faster profits.
In construction, experts advise that the bigger and better your network, the more work you’ll get. Building a network used to be something that a lot of professional contractors did in person. You met people on jobs, recommended a subcontractor based on performance, and did projects with professionals in your area.
With changes in the economy and the country, more seasoned construction managers are expanding their network online. It’s now possible to post projects online and open up bidding to your network.
Instead of relying only on local existing subcontractors, you can also grow your network with trade specialists, project managers, and suppliers. If you’re just starting your own shop, building a nationwide network is a game-changer.
Get the Word Out About Projects
Building something meaningful starts with getting the word out. If you are working within your local community, you already know the ropes. But, if you’re seeking to post projects beyond your sphere of influence, it helps to be able to post projects to a wider sphere.
Think outside of the box and use online bidding software to spread the word about your projects. To get faster bidding, use a construction-focused platform to post unlimited projects and make unlimited connections.
Win Bids Nationwide
When growing your business, you’ll often encounter bids that require intensive interviewing with subcontractors in different states. This can be a mind-numbing process to keep your database current and up-to-date. It’s especially stressful, considering the industry-wide shortage of bids, especially during a construction boom.
To win bids and gain faster profits , look for software that allows you to view, evaluate, and manage subcontractors in multiple states. Organize your bid process so you can attract high-quality bids from reputable subcontractors.
As you evaluate options, consider your time, effort, and ease. It’s a whole lot easier to manage the bid process from your living room than driving around the country interviewing people at construction sites.
Consider the value of features in a contractor bidding software by looking for what matters most to help you grow your business. Focus on features that make your life simpler and reduce stress. These often include:
- Unlimited free posting of projects.
- A cloud-based plan room to store project documents.
- Options for private or public bidding.
- Bid evaluation on criteria important to you: location, type, coverage.
- One shop stop: central dashboard to view bids, calendar, and instant messaging.
Increase Your Work-Life Balance
While we often talk about the professional benefits of getting more work with less stress, it’s important to consider the personal benefits. Health experts confirm that work stress and poor work-life balance can wreak havoc on our health.
If you’ve been noticing that you are feeling stressed, take some time to make small changes in your daily routine. Practice self-care in simple ways that fit within your work-day and home life. Here are a few to help you achieve your best health in the New Year:
- Drink plenty of water to stay hydrated.
- Set clear boundaries between work and family life.
- Use bid planning software to reduce the stress of project bidding.
- Use a work computer for work; use a personal computer for personal life.
- Go for a walk, take the stairs, and stay active during work hours.
- Reach out to friends and loved ones.
Get More Work With Less Stress
Ultimately, contract bidding software enables you to get busy doing what you love: getting more work. The best part is, you’ll get more work with less stress. As the construction industry continues to experience growth, more contractors, subcontractors, and suppliers are turning to automated solutions.
By using technology, it’s possible to get the word out about projects, streamline the bidding process, select the best team, and build something meaningful. If you’re looking for ways to get faster bids and faster profits in 2022, then now is the right time to take action.
Founder Dinis Guarda
IntelligentHQ Your New Business Network.
IntelligentHQ is a Business network and an expert source for finance, capital markets and intelligence for thousands of global business professionals, startups, and companies.
We exist at the point of intersection between technology, social media, finance and innovation.
IntelligentHQ leverages innovation and scale of social digital technology, analytics, news and distribution to create an unparalleled, full digital medium and social business network spectrum.
IntelligentHQ is working hard, to become a trusted, and indispensable source of business news and analytics, within financial services and its associated supply chains and ecosystems.