We all know the basics of bidding on a job: submit the most accurate estimate that delivers the best quality work at the lowest cost. When it comes time to bid on one of your dream jobs, it might be tough to figure out where to start. There is not one right way to bid on a job, but here are a few tips from a successful contractor who bids on — and wins — large flooring jobs across the country.
1. Build Your Credibility
Want to nail the bid for that big project? Get your foot in the door by completing smaller projects in the same vertical.
Having that kind of experience under your belt will help you learn the ins and outs of that type of project so you can transition to larger ones with relative ease. Most importantly, you’ll build a network of references that will give you a leg up when it comes time to submit your bid. Â
2. Get a Bonding Line
When you submit your bid, you’ll likely have to provide a payment and performance bond that covers the cost of your project. Bond companies often charge low interest rates â