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When Desperation Drives the Bid - Hard Lessons Learned from Estimating Errors |The K Cup Episode 29
Manage episode 514750458 series 3673703
In Episode 29 of The K Cup Jon Kelly & Joe Nortrup Discuss 3 Important Factors Related to Poor Estimating Habits. Jon and Joe talk about the reality of the "we'll figure it out..." fallacy, the flawed strategy of " the change order mirage...", and the hidden cost of the substandard work that results from chronically bad estimating.
Chapters
00:00:01 Jon's POV Introduction to Episode 29
00:00:20 Musical - Logo Intro
00:00:28 Joe Introduces Episode 29 and Explains the Episode's Content
00:02:01 Jon Gives a Teaser About What Will Be Covered
00:04:22 Joe Introduces Point 1 the "We'll Figure It Out..." Fallacy
00:11:56 VSL for Kelly Construction Group
00:12:29 Episode Resumes With Point 2 - the "Change Order Mirage..."
00:15:45 Joe Introduces Point 3 - "The Hidden Cost of Bad Work..."
00:24:59 CTA - PLEASE SUBSCRIBE!
Hashtags
#generalcontractorsbatonrouge #theKCupPodcast #constructionpodcast #howto #business #KellyConstructionGroup #Louisiana #commercialconstruction #contractor #building #buildingdesign #architecture #designbuild #AIA #commercialrealestate #commerciallending #creprofessionals #developers #CREinvestors #entrepreneur #entrepreneurship #businessstrategy #collaboration #collaborativebusinessecosystem #essentialnetworkingsystem #collaborativeconsumerengagement #prominentpersonofimpact #buildyourbrand #brand #joenortrup #jonkelly
Keywords
general contractors baton rouge, commercial construction, business strategy, business, start a business, start your own company, start a construction company, builder insights, contractor insights, contracting business, entrepreneur, entrepreneurship, commercial construction industry, architecture, commercial real estate, commercial lending, brand building, Joe Nortrup, Jon Kelly
Takeaways
*Learn how estimating is the centerpiece for your contracting business and directly affects the trajectory and the longevity of your business.
* Learn about the dangerous mindset of thinking "...we'll figure it out when we win the project..."
* Learn how why the strategy of thinking you will take the project as low as needed to win it and then try and use change orders to achieve profitability is a dangerous, unethical, and flawed strategy.
* Learn about the long-term negative affect of not trying to accurately estimate projects will have on your business and your reputation.
29 episodes
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