Executive Summary The word “incidental” is common to the construction industry and it can be damning if you’re not careful. Understand what you’re committing to when you enter that unit price in the bid proposal when it requires “all incidental costs be included”....
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...
Executive Summary Letters in the construction industry, during the course of a project, usually are reserved for contentious issues or to satisfy notification requirements. Here are six of the most important and common ingredients in these letters. Why do we Write...
Executive Summary Construction contracts are almost always measured in some sort of day: a working day or a calendar day. In analysis and project communication, kill the doubt for the reader and always define the type of day in every use of the word “day”. What’s a...
Executive Summary As a general contractor you can rely on your subcontractor’s bid on bid day as a binding agreement. But not in all states. Read on to learn about protection granted by the Doctrine of Promissory Estoppel. Call Your Attorney I’m not a lawyer, and I...
Executive Summary There are differences in an hour: a manhour, a crewhour, a 50-minute hour. And an hour’s not a day, so there is another calculation for a manday. Here is a quick explanation of these estimating terms. Definitions There are several ways to estimate...