Pick the right projects with CCA’s new ‘Bid Go or No Go’ bulletin
Finding yourself stuck in bad project after bad project? It’s time to be more selective. Establishing an effective bidding process can greatly increase your chances of choosing the right project, leading to more success for your business.
CCA’s latest bulletin, ‘Bid Go or No Go’, provides indispensable guidance to help you navigate the complex decision-making process in bidding. Created by CCA’s Trade Contractors National Advisory Council, this functional and comprehensive resource is designed to help contractors make informed choices that balance potential rewards against inherent risks.
Bidding on a project involves more than just assessing financial gain. It requires a thorough evaluation of factors, such as the other parties involved, your capacity, project financing, and contractual risk. This bulletin highlights key questions every contractor should ask before committing to a bid, ensuring all critical aspects are considered, improving the likelihood of ending up with a successful project.
Essential insights for contractors
- Risk mitigation: By reviewing the structured list, contractors can identify and evaluate potential risks early in the bidding process, allowing them to be priced.
- Informed decision-making: Foster a team-based approach to decision-making, ensuring that all relevant perspectives and expertise are considered.
- Competitive edge: Understand the nuances of a project and your team’s capabilities to craft more competitive and realistic bids, accounting for the level of risk and protecting yourself.
Don’t leave your next project to chance. Make your next bid confidently knowing you have considered all the factors outlined in CCA’s ‘Bid Go or No Go’ bulletin.