The Best Bidding Strategies of 2024 & 2025

September 18, 2024

Outsourcing your electrical estimating is a big decision. Which electrical estimating company do you go with? 
Find a good one and you can double, even triple your bid wins. Stumble on a bad one and 
life can get very stressful and possibly cost you your business. Finding a company that has 
your best interest at heart is critical. You also need a company that has smart leadership and 
uses up to date strategies and software to give you the edge in the market. 
Ask yourself these important questions..
1. What is our bid/win ratio? What do I consider to be the ideal ratio?
2. How do I use my bid/win ratio during prospecting for new projects?
3. What types of projects does my crew have the most success completing because of their current skill sets and expertise?
4. Looking at our project history, what types of projects have been the most profitable? (Consider who the client was, project size, location, and public/private.)
5. How long does it typically take to build an estimate? Do we need to improve this area? (If yes, how can we improve)
6. How often are we too high/too low on bid numbers?
7. Have I determined the margin I need to hit my overall overhead and profit goals?
By answering these questions about your business, you will learn a great deal about where your crew should invest their time and efforts. You may even learn there are certain types of projects that your company rarely ever wins. We can help you with that so fill out the form at the bottom of the page and let us (Charter Estimating) help you with your winning more jobs with Smart Bidding Strategies.
We have the latest in technology including the latest inovations in AI to assist us in accuracy. WIth that tech we can help your company grow to the next level.
With that and the discounts we have available today is the best time to sign up and get that big win! 
Visit us on the web at www.charterestimating.com or call us @ (833)448-7508

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