by Gaurav Mehrotra | Aug 8, 2021 | CEO / Owner, Insurance, News, Podcast
Executive Summary There exists an insurance product to mitigate the risk associated with catastrophic failure of a construction company. It’s called Project Loss Insurance. Tell me more about this insurance. Project Loss Insurance (PLI) is a product that covers...
by Gaurav Mehrotra | Nov 14, 2020 | Estimating, Podcast
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...
by Gaurav Mehrotra | Apr 15, 2020 | Change Orders, Owners, SJCC
Executive summary. Extra work on a construction project must be delivered at fair and reasonable prices. Owners should know they have this right in their Contract, and Contractors should know the owners have this right too. Here comes the extra work. A new scope of...
by Gaurav Mehrotra | Jun 26, 2018 | Cost Controls, Estimating, News, SJCC
Executive Summary: Cost and price are two different measures of money in a construction bid. Knowing the difference is fundamental and can improve profit. What is cost? Cost is the expense associated with an activity or item. It is just cost. It has nothing to do with...
