Let’s face it, there are many ways a contractor can get off track during the preconstruction process. For example: Not having enough allocated estimating resources, bidding the wrong types of projects, or bidding in an unfamiliar geographical location can ultimately add up to losing the project—or even worse—winning the wrong projects.
One of the biggest missteps you can make is when you don’t thoroughly track and compare historical invitations to bid data. This can lead to bottlenecks and costly delays. For example, working with bad/unqualified contractors or suppliers, taking on project types you continue to lose, or working with owners on projects that have failed.