Contractor Bid Template
Finding new work is the lifeline of many independent contractors. As they aren’t employees of any one company, contractors need to be constantly selling themselves and their services. Bidding is one of the main ways to get new contracts but it can be time intensive and burdensome if you have to produce a lot of bids. In this article we talk about how to put together a contractor bid template to reduce errors and increase your efficiency. Come explore some best practices with us and learn how you can improve your bidding process today.
A contractor does business by obtaining and carrying out contracts. They are similar to business owners as they negotiate deals, work for themselves, and have their own clientele.
Contractors perform all kinds of jobs. The construction industry is full of contractors, for example. Many hairdressers and writers also work on a contract basis, and architects often have to submit an AIA bid form to work on certain projects.
One of the main differences between contractors and employees is how they’re paid. Employees have a percentage of their income withheld for taxes, Medicare, and Social Security payments. Contractors don’t have anything withheld and make these payments themselves.
Contractors also have more control over their work. They’re their own bosses. The people or business owners who hire them are their clients, rather than their direct supervisors.
In many cases, companies prefer working with contractors. Employing a contractor on a short-term basis is often more cost-effective, and it saves the company from having to worry about overhead costs associated with employing someone long-term.
To get hired, though, contractors must bid on jobs. Bidding allows them to separate themselves from competitors and show why they’re the best fit. The bidding process generally involves these steps:
- Project research and planning
- Bid drafting and preparation (it’s common to use a bid list template or freelance estimate template during this step)
- Bid proposal submission
- Presentations to discuss the bid in more detail
If all goes well, the contractor’s bid gets accepted and they get brought on to complete the project.
Getting a construction bid (or general contractor proposal or any other type of bid) accepted can be hard work at first. Using Proposable’s Bid Proposal Template can make the drafting and planning process easier, though. It’s much more comprehensive than the traditional bid sheet template Excel offers.
Contractors also ought to know about putting together a building proposal. A building proposal provides a potential construction client with all the details they need regarding the project they want to be completed.
A building proposal often includes a detailed scope of work, which the contractor will review during the construction proposal presentation.
A detailed scope of work saves contractors from being asked to do work later on that they didn’t agree to initially. It includes information about specific materials needed, how long it’ll take to complete the project, and how much everything will cost. If the client asks for more work later, the contractor can charge extra because it wasn’t included in the original proposal.
To ensure it’s robust enough and covers all the bases, a building proposal ought to include the following:
- Dates when the work will begin and end
- A clear description of the work being done and the materials needed
- A detailed list of construction cost and anticipated expenses
- A clear payment schedule
- Information about required deposits and deposit due dates
It’s important for contractors to cover all their bases when putting together the building proposal. That way, they can ensure that they don’t run into any unpleasant surprises once their bid has been accepted and they begin working.
For contractors who aren’t sure how to write a bid proposal, looking at a sample cost estimate for construction or using a template can be very helpful. Proposable’s free Construction Proposal Template is a great resource that is free and easy to use.
This template provides far more details than the typical building construction estimate spreadsheet Excel download or other free Excel construction templates. Proposable’s template works for those who need a residential construction proposal template, a masonry bid proposal template, or any other kind of template.
Work Proposal Template
All contractors must know how to create work proposals. Work proposals specify the product or service the contractor will provide. They also feature information regarding qualifications, timelines, and expenses. Contractors often use a specific price comparison formula, too, to ensure they’re charging a fair amount.
Depending on your terms, after the proposal’s accepted, you may need to wait for the client to pay a deposit or follow through on other conditions. You’ll likely meet to discuss the next steps and make a plan to start working right away.
A proposal can become a legal contract if you’ve instructed your client to abide by certain terms. They also must sign, date it, and send you the requested funds.
Using a work proposal template or contract proposal template PDF can help you meet all legal requirements. From a pricing proposal template to a technical proposal for building construction project, these are great resources.
Don’t use the basic proposal or price list template Google Docs provides, though. Consider using Proposable instead.
Proposable offers several helpful work proposal templates. The list includes a robust price analysis template, a subcontractor bid proposal template, a contract proposal template PDF, and even a road construction proposal template.