Skip to main content

Refine Bidding Strategy and Conduct Market Research

3:18
4:47
5.1K views

At 3:18 in

Q & A Decoding Estimates for Construction, Landscaping and Lawn care #1

What happens here

After analyzing individual jobs, continuously refine your bidding strategy. This involves not only adjusting your own rates based on past performance but also understanding market rates in your specific area (e.g., Milwaukee, San Francisco, Austin). While every job is unique due to varying square footage, conditions, and other factors, past jobs and market research provide valuable guidelines. The host notes that he even uses his own self-created training courses, which are based on real job numbers, as reminders and learning tools for his own bidding process.

Goal: Continuously improve bidding accuracy by combining personal job data with competitive market intelligence.

Tools and materials

  • Internet Access N/A — Conducting market research on competitor pricing
  • Market Pricing Information N/A — To benchmark and adjust your pricing

What they say

Hide

always learn now if you don't learn on a job and you just walk away and you go yeah well you know I guess I lost money on that and you forget about it you're gonna keep repeating the cycle over and over and over again but the reason I put out so many videos I put them out for you guys I put them up for me too the videos that I produce on how to bid mulch how to bid this how to bid that when I go up and I'm gonna bid these jobs those are reminders to myself about those projects I'm learning from them you're still their guy okay so I'm learning from every time I bid a job whether it produced a video or I don't produce a video I'm still making sure that I take notes I'm still referring back to them I have every bid that I've ever done and I'm going back through and I'm comparing them from one job to the next in fact I actually use that as an excuse when I'm coming up with numbers because when you weren't hardscaping excavating landscaping there are not going to be any two jobs that are exactly the same square footage is change conditions change there's a lot of different things that a lot of factors that go in there but I can use them as guidelines for my next jobs going down the road that make sense Francisco beautiful thank you just basic

Auto-generated from the video audio.