Have you been awarded a project only to find that there were errors with your price? Maybe you misunderstood what was required, didn’t allow for difficult project conditions, misinterpreted the contract terms and conditions, possibly made a stupid arithmetic error, or assumed a material price instead of obtaining an accurate quote?
But I’m sure just as often you were not awarded a project because your price was too expensive? Sometimes the company who were awarded the project ended up losing money, but more often they made money! How did they win the project? Why was their price lower than your price, and yet they were profitable?
Estimating a construction project accurately involves some art, some science, knowledge of construction processes, experience, and more than a little luck. Of course, it also requires thoroughness – there is no place for careless errors or reckless assumptions.
10 steps to getting your price right
This article was first published on the ClockShark website. To visit this website and continue reading the article click on the link above.
Please share this post
To read more about the author’s books and find out where you can purchase them visit the pages on this website by clicking the links below:
'Successful Construction Project Management: The Practical Guide'
'Building a Successful Construction Company: The Practical Guide'
'Construction Claims: A Short Guide for Contractors'
'Construction Book reviews'
To read more about the author visit the page 'Paul Netscher'
Want to contact Paul Netscher please enter your details on 'Contacts'
Find out how Paul Netscher can help you
Order your books from Amazon
Order your books from Amazon UK
© 2017 This article is not to be reproduced for commercial purposes without written permission from the author.
construction management construction project management
Copyright 2016 - The attached articles cannot be reproduced for commercial purposes without the consent of the author.
The opinions expressed in the attached articles are those of the writer. It should be noted that projects are varied and different laws and restrictions apply which depend on the location of the contractor and the project. It's important that the reader uses the supplied information taking cognisance of their particular circumstances. The writer assumes no responsibility or liability for any loss of any kind arising from the reader using the information or advice contained herein.
"I have what I consider some of the best books on construction management."
Books are available from:
Other retail stores
Available in paperback or on Kindle
"28 YEARS OF CONSTRUCTION PROJECT MANAGEMENT EXPERIENCE, DEVELOPING SUCCESSFUL CONSTRUCTION PROJECT MANAGERS AND BUILDING SUCCESSFUL CONSTRUCTION COMPANIES"