SUPPORT & SALES 1-866-TEXTURA (839-8872) (tel:+18668398872) (http://www.textura-australasia.com/) (http://www.textura-europe.

com)
Oracle buys Textura    LEARN MORE (http://www.texturacorp.com/oracle/)

Home (/) » Textura Constructing Insights Blog (/bidmanagement-blog/)

» 3 Key Ways to Identify the Best Projects to Bid On (/bidmanagement-blog/3-key-ways-to-identify-the-best-projects-to-bid-on/)

Facebook Tweet

ShareThis Email

3 Key Ways to Identify the Best Projects to Bid On

Time is money. This age old saying is never truer than in construction. And while everyone loves options, sometimes having too many can
make it di cult to prioritize and make the most of those minutes. So we’ve taken some time out to highlight 3 key ways to identify the best
projects to bid on, so you can keep focusing on what’s important.

1. Ask yourself: does the scope of work t my capabilities?

While many jobs initially look attractive, they might not always be the best t. Take a closer look at the scope of work and make sure you are
spending those precious minutes concentrating on bids that take advantage of your expertise. Many times invitation-to-bid software
solutions (http://www.texturacorp.com/construction-software/invitation-to-bid/), like GradeBeam ®, include all of the documents to review in
one place before bidding. You can even search for project opportunities based on speci c trade codes you know you’re solidly quali ed for. So
don’t just throw your towel into the ring for any job that comes along. If you bid on projects that are targeted to your specialties, you’ll be in a
better position to make your bid more competitive. So ask yourself, is this job actually a mutual t? While there might be a GC you want to
work with, it could be a project that isn’t ideal for your skill set. And there really is nothing worse than nding yourself in the middle of a project you wish you’d never taken
on.

2. Ask yourself: has this GC awarded me work in the past?

While casting a wide net for opportunities makes sense – most subcontractors have to bid 5-10 projects to win just one – sometimes you need to take a look at the overall
relationship and make sure you aren’t just spinning your wheels. For better or worse, relationships still rule the construction industry and some GCs will ask for bids from
additional subcontractors as a negotiation tactic for their preferred vendors. While collecting bids is a necessary part of the pre-construction process
(http://www.texturacorp.com/construction-software/), bid shopping, while legal, is an entirely di erent animal. So ask yourself, do you have an established relationship with
this GC ? Have they actually awarded you work in the past? Are you looking to expand your network (http://www.texturacorp.com/construction-software/invitation-to-bid/)
and take a chance on an unestablished relationship? We recommend focusing on the invites from GCs who give you work – don’t bid on work just because someone asked
you to. And if you need help keeping it all straight, bid management software solutions (http://www.texturacorp.com/construction-software/bid-management/) like
BidOrganizer® have scoring and reporting capabilities based on your customized preferences making it easy to see the best jobs for your skill set.

3. Ask yourself: what do I know about this GC?

Sometimes a little research goes a long way. While good partnerships are the backbone of the construction industry; bad ones are the ugly underbelly that we’d all prefer
wasn’t there. While general contractors want to make sure you can do the work they are requesting, you might want to consider the other side of that coin. So ask yourself,
the work aside, is this a company you want to get into bed with? Don’t spend your valuable time bidding on projects with general contractors that don’t live up to
expectations. There might even be great companies with speci c individuals that you don’t work well with. So with that in mind, we recommend taking a deeper dive to gain
a real understanding of who is reliable and who is not – because it can be critical to your nancial success.

Interested in learning more?

How Do General Contractors Find Their Subcontractors and Why Should You Care? (http://www.texturacorp.com/bidmanagement-blog/how-do-general-contractors- nd-
their-subcontractors-and-why-should-you-care/)
Can Technology Transform the Construction Industry? (http://www.texturacorp.com/improving-construction-payments/can-technology-transform-the-construction-
industry/)
Part II - To Cast or Not to Cast a Wide Net, That is the Question... (http://www.texturacorp.com/bidmanagement-blog/part-ii-to-cast-or-not-to-cast-a-wide-net-that-is-the-
question/)

12

Share

Categories
Addendums (1) (/bidmanagement- bl og/category/bl og- categories/bid- management- bl og/addendums/)

Best Practices (14) (/bidmanagement- bl og/category/bl og- categories/bid- management- bl og/best- practices/)

Cl oud Software (7) (/bidmanagement- bl og/category/bl og- categories/bid- management- bl og/cl oud- software/)

Database Management (6) (/bidmanagement- bl og/category/bl og- categories/bid- management- bl og/database- management/)

Industry Insiders (14) (/bidmanagement- bl og/category/bl og- categories/bid- management- bl og/industry- insiders/)

Invitation to Bid (IT B) (3) (/bidmanagement- bl og/category/bl og- categories/bid- management- bl og/invitation- to- bid/)

Prequal i cation (4) (/bidmanagement- bl og/category/bl og- categories/bid- management- bl og/prequal i cation/)

View Al l (/bidmanagement- bl og/)

SOLUTIONS
Login (/login/)
PQM (/construction-softw are/prequali cation/)
GradeBeam (/construction-softw are/inv itation-to-bid/)
Latista (/construction-softw are/ eld-management/)
Submittal Exchange (/construction-softw are/project-communication/)
EPP (/construction-softw are/subcontractor-early -pay ment/)
CPM (/construction-softw are/pay ment-management/)
PerformanceTracker (/construction-softw are/contractor-performance-ev aluation/)

SUPPORT
Training Calendars (/client-serv ice/construction-softw are-training/)

RESOURCES
Solution Guides (/construction-resources-bak/softw are-solutions-guides-bak/)
White Papers (/construction-resources-bak/industry -w hite-papers/)
Client Success Stories (/construction-resources-bak/construction-success-stories-bak/)
Blogs (/construction-resources-bak/project-management-blogs/)

ABOUT
Our Story (/about-textura/our-story /)
New s & Ev ents (/about-textura/new s-ev ents/)
In the Community (/about-textura/in-the-community /)
Aw ards (/about-textura/construction-softw are-aw ards/)
Inv estor Relations (http://inv estor.oracle.com/ov erv iew /highlights/default.aspx)

JOIN OUR TEAM

Job Opportunities (https://w w w .oracle.com/corporate/careers/index.html)

CONTACT
Global Contacts (/contact-textura/global-contacts/)
Contact Sales (/contact-textura/contact-sales/)
Contact Support (/contact-textura/contact-support/)

(http://www.linkedin.com/company/textura-corporation) (https://twitter.com/texturacorp) (http://www.facebook.com/TexturaCorporation)

(https://www.youtube.com/user/TexturaCorporation)

Copyright © 2016, Oracle and/or its a liates. All rights reserved. Oracle and Java are registered trademarks of Oracle and/or its a liates. Other names may be trademarks of their respective owners.
Intellectual Property Notice (/intellectual-property -notice)

Site Map (/site-map)  |  Priv acy Policy (/priv acy -policy )  |  Safe Harbor Policy (/safe-harbor-policy )  |  Terms of Website Use (/terms-of-use)  |  Third-Party Softw are Usage & Licenses
(/texturacorp/assets/File/Textura_Third-Party _Softw are_Usage_and_Licenses_August_31_2016.pdf)