Executive Summary Setting of bid prices on a unit price bid can have significant effects on the financial performance of a project. Set your unit prices in your proposals to have positive impact. Be strategic. Balanced Bid Prices A balanced bid price is when each of...
About
AboutThe Story Of SJ Construction Consulting, LLC (SJCC) SJCC is an elite group of professionals providing professional services to the heavy/civil construction sector. The firm identified the need for expertise in the contractual, financial, and technical...
Users of Your Financials: What They’re Looking At
Executive Summary: Some parties may require their own review of your financial reports before doing business with you. The two documents of interest to these parties are the income statement and the balance sheet. The major items they’re looking at are briefly...
Construction Contract Review Basics
Executive Summary: Each day we hand contracts down to our subs or we are signing contracts down from Owners or General Contractors. Know some of the basics of what to look for here. What is and when will I ever use a Contract? A contract is a laying out of the...
Bid Unbalancing – How It’s Done To Increase Profit
Executive Summary Contractors unbalance unit prices in their bids to take advantage of anticipated quantity overruns and underruns. An intelligent unbalancing of the unit prices can result in higher profits. Of course, that’s the contractors’ goal. Review the example...
Owner Involvement, Careful What You Wish For
Executive Summary: Owner involvement in the way of project management and furnishing material is done for one primary reason: to save money for the owner. It doesn’t always happen. The owner’s decisions in these regards can cost the contractor money. Or the...