Getting an edge in the construction business is crucial to winning big jobs, as it is highly competitive. Bidding is not the only factor to consider. A wrong bid or a mistake in your bid could result in substantial losses for your company.
A construction professional with any experience knows what it takes to win a construction bid and how the bidding process works. Being licensed, having a bond, and having good financials do not guarantee you will win the bid. To minimize liability risks, you should have a reliable method in place for assessing potential projects, calculating bids, and calculating your costs.