ConstructConnect Blog

Bidding time is the season that never ends, and we’d like to help you get more R&R in your schedule. That’s research and results, in case you were wondering. Researching before bidding will lead you toward long-term results of meeting project and profit goals.

A construction takeoff (also known as a material takeoff) is just one step of the commercial preconstruction process, but it is the essential step that needs to be completed before construction can even begin. That means determining the project’s cost, submitting a bid to work on the project, and the construction of the structure all depend on the results of this step. Because of that, it must be done right. An inaccurate takeoff can cost you time, money, and—ultimately—bids and jobs.

Arguably one of the most essential documents to ensure a construction project’s success, a material takeoff (MTO) is a comprehensive list of all materials and their quantities required to complete a project derived from the construction drawings and plans. Also referred to as a construction takeoff, quantity takeoff, or simply a takeoff, is a crucial element in accurately estimating and bidding on a construction job.

The construction industry is a dynamic and intricate sector that requires precise financial management to thrive in today's competitive landscape. Therefore, accurate accounting processes are not just necessary; they are a strategic advantage for construction companies looking to maximize profitability and comply with ever-evolving regulations.

Thrive With the Information Advantage The speed, volume, and variety of digital data produced in the construction industry continue to advance as more technologies are used in the design, planning, and construction phases. The need for construction businesses to uncover insights from the vast universe of relevant project data is a mission-critical task for the industry to achieve better productivity and quality outcomes.

We’ve all heard the saying, “It’s not always about what you know but who you know.” As a trade contractor, in an unpredictable economy, it may make more sense to say,” It’s always about what you know and who you know.”

In the world of commercial construction and especially working as a general contractor, networking and building relationships are vital and necessary skills that spur leads and drive revenue. Whether in person at a trade show, online on a project database, or on the jobsite, maintaining positive relationships remains at the heart of running a successful general contracting business.

When it comes to generating leads and finding more projects in the commercial construction industry, particularly in the preconstruction phase, there are many different routes one can choose to navigate. From a strategic standpoint, the plan you create and decide to implement entirely depends on your business goals and priorities. It is safe to assume that most priorities lie in the “increase market share, profit, and overall success” category.

ConstructConnect’s Product Team is among the best in the world, according to a new report.

For building contractors, the requirement to get a contractor bond can seem like yet another expense and an additional obstacle to deal with. However, getting a contractor bond is a license condition in many states, counties, and cities. If you want to get your license so that you can legally operate your business, you might first have to purchase a contractor bond. Beyond the license requirements in many state and local governments, it is important to understand how bonds work, the types of construction bonds you might encounter, and their advantages and disadvantages.