Running a successful construction business requires keeping your eye on a number of moving parts, all at the same time. This includes managing teams of people, a fleet of equipment, an inventory of materials, and any number of ongoing projects, each with their own sets of issues, changes, billings and receipts.
However, due to the project-based nature of the business, each of these ongoing jobs will ultimately close (some none too soon!) and will need to be backed up with fresh work to keep the corporate engine running smoothly. The following explores some key factors to consider when looking to achieve growth by bidding on new work, and how market conditions may affect key bidding decisions.
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