Advice For My First Construction Bid

[Samantha]

Hi Everyone

My name is Samantha, I own a flooring company that specializes in flooring repairs and installation. My company is very small, right now just myself and my husband with a few subcontractors that I use for larger jobs. 

Super long story short, I have the opportunity to bid on a very large construction job, it would consist of installing flooring for a multiple family(apartment/townhomes) community with over 200 units that would need flooring. I would need to provide materials and labor, I have a supplier that can handle the materials, but I would need a lot more labor  The project would run from the end of 2022 to the middle of 2024.

So my main questions: Should I even try to pursue this project or wait for something smaller? What are some of the Pro and Cons I should ponder over when deciding on whether to bid on thee project?

Are there any questions I should ask the builder regarding the project? If I do win the bid am I obligated to honor the price quoted? Lastly I most definitely do not have the capital to advance any of the cost that may be needed during the project.

Thank you all in advance, 

Samantha

 

[ChristiPowell]

On 7/25/2022 at 12:32 PM, Samantha said:

Hi Everyone

My name is Samantha, I own a flooring company that specializes in flooring repairs and installation. My company is very small, right now just myself and my husband with a few subcontractors that I use for larger jobs. 

Super long story short, I have the opportunity to bid on a very large construction job, it would consist of installing flooring for a multiple family(apartment/townhomes) community with over 200 units that would need flooring. I would need to provide materials and labor, I have a supplier that can handle the materials, but I would need a lot more labor  The project would run from the end of 2022 to the middle of 2024.

So my main questions: Should I even try to pursue this project or wait for something smaller? What are some of the Pro and Cons I should ponder over when deciding on whether to bid on thee project?

Are there any questions I should ask the builder regarding the project? If I do win the bid am I obligated to honor the price quoted? Lastly I most definitely do not have the capital to advance any of the cost that may be needed during the project.

Thank you all in advance, 

Samantha

 

Samantha,

 

I'm so glad we were able to help you navigate that contract yesterday!  Thank you so much for reaching out here.  We are here to help and support you.