Search a title or topic

Over 20 million podcasts, powered by 

Player FM logo
Artwork

Content provided by ProfitDig LLC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by ProfitDig LLC or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Player FM - Podcast App
Go offline with the Player FM app!

Bid vs Budget: Why You’re Losing Money Without Even Realizing It

16:27
 
Share
 

Manage episode 494484265 series 3549667
Content provided by ProfitDig LLC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by ProfitDig LLC or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

New to construction? Or still struggling with profit margins after years in business? You're not alone. In this episode of ProfitDig Live, Chris Work sits down with Jeff Spencer and Jeff Givens to talk about one of the most common - and costly - mistakes contractors make: confusing their total bid with their actual working budget.
✅ Learn why your bid amount is NOT your budget
✅ The difference between markup, profit, and raw costs
✅ How to build a budget that protects your margins
✅ Why qualifying your bid can keep you out of legal trouble
✅ How to deal with weather delays, faux crews, and more
This episode is packed with real-world advice to help you stop bleeding cash and start bidding smarter. Whether you're just getting started or you've been in the game a while, you'll find something valuable here.
From the creators of ProfitDig – easy job bidding and costing for construction contractors. Visit https://ProfitDig.com now.
Drop your questions in the comments - we’d love to help.
#constructionbudgeting #constructionbusiness #jobcosting #contractingtips #construction #ProfitDig

  continue reading

164 episodes

Artwork
iconShare
 
Manage episode 494484265 series 3549667
Content provided by ProfitDig LLC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by ProfitDig LLC or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

New to construction? Or still struggling with profit margins after years in business? You're not alone. In this episode of ProfitDig Live, Chris Work sits down with Jeff Spencer and Jeff Givens to talk about one of the most common - and costly - mistakes contractors make: confusing their total bid with their actual working budget.
✅ Learn why your bid amount is NOT your budget
✅ The difference between markup, profit, and raw costs
✅ How to build a budget that protects your margins
✅ Why qualifying your bid can keep you out of legal trouble
✅ How to deal with weather delays, faux crews, and more
This episode is packed with real-world advice to help you stop bleeding cash and start bidding smarter. Whether you're just getting started or you've been in the game a while, you'll find something valuable here.
From the creators of ProfitDig – easy job bidding and costing for construction contractors. Visit https://ProfitDig.com now.
Drop your questions in the comments - we’d love to help.
#constructionbudgeting #constructionbusiness #jobcosting #contractingtips #construction #ProfitDig

  continue reading

164 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Copyright 2025 | Privacy Policy | Terms of Service | | Copyright
Listen to this show while you explore
Play