Bidding Strategy and Profitability

What happens here

Garrett emphasizes the bidding strategy for every job, which he breaks down into four key components: labor (time), materials, overhead, and profit. He explains that initial bids often involve some guesswork, but meticulous tracking of time and costs allows for accurate bidding on subsequent similar projects. He stresses the importance of having a budget and defined financial targets to achieve profit goals (e.g., hitting $3 million is not accidental). He identifies boulder walls as their most profitable jobs because of their expertise and ability to source materials (boulders) directly from farmers, cutting costs and increasing margins.

Goal: Explain the methodology for bidding jobs and identifying profitable service areas.