HOW TO BID A EXCAVATION PROJECT AND ACTUALLY MAKE PROFIT!!
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- Опубликовано: 8 сен 2024
- In todays video I break down our process on how we bid a excavation project! Hope you enjoy and maybe learn a thing or two with any questions or comments reach out to me or comment below! Thanks for watching and make it a great day!
If your estimating scheduling or billing is a mess right now you need jobber or a software similar!
jobber.grsm.io...
gmoutdoorservi...
Great advice ! Was considering implementing land development for winter months when we are waiting on snow and this video was perfect timing !
Good info here, thank you, it is much appreciated.
Took me a few years but thankfully I've been bidding similarly for about 18 months now. It's refreshing to hear these tips from a more established and profitable company. We get a good amount of work and the numbers are there so we're profitable but I can't just walk into my competitors office and ask them these types of questions. Knowledge like this is a huge help.
We get quite a bit of referral work and a fair amount from advertising, both residential and commercial, but mainly smaller maintenance type jobs.
Any tips to meet builders? Are builders always the foot in the door to new construction type jobs?
Put yourself out there everyday and they will find you/you will find them
So for me it's all tools, supplies and labor plus 30% of the total for overhead and profit. What's crucial for me is that I clearly understand what the customer wants so I can calculate my total cubic footage of excavation and rock or other supplies. The volume of materials will always dictate the price of the project.
Thanks Garrett, your the man. Keep it up!
Exactly what I needed, thank you sir!
Your office at new look nice. You should do a video of new shop ... So us views know what it look like...
I will soon!
Thank you for the insight. Cool to see this side of things. I don't know how you do it man, super impressive
Thank ya! I try my best not to waste any time every minute I’m “at work” efficiently as I can and drop any habits that aren’t productive
Awesome videos also. I definitely admire what you have accomplished!
Around our area the hardest figure to come up with is how to win a bid on work because so many companies will bid work very low. The challenge is to bid it low enough to get the job then be able to complete the job profitable.
It's that way every where unless you have a fixed contract with for a set amount of time with a company.
@@fox13z400 every area has more or less company’s and more or less work demand. That can definitely fluctuate prices a lot. I hear some places people getting $10,000 to dig and backfill a 2,000 square foot foundation. We are lucky to get $3,000 in our area. Only way to compete is to have the most efficient equipment and very good operators.
Thank you!
How do you come up with your overhead on each job ? What is included in that ? Machinery payment, transport, fuel etc ?
And how you divide for how much you charge for your monthly payment for machinery with each job ?
Great question! There’s a whole metrics I will make a video on that eventually
@@GarrettWilliams2017 nice video,
Nice to see a video on how you multiply numbers numericaly to get the desired profit . Ex 2000 total costs including profit x2 would be $4000 or 50percent profit margin etc.
I’m looking at bidding a large 9m dirt work project, it’s overwhelming, any advice or resources that could help? Thank Yuit great video
Man, I sold my house in Florida been in the smoky mountain area for the past week staying at a Airbnb, I plan on buying land having it cleared graded and excavated, along with the septic and well drilled and a fifth wheel placed on the land with a carport all within two months! They are so busy in this area that the companies act like big shots!it’s annoying. I may have to watch RUclips videos and rent an excavator myself. I just need a driveway cut in the steep slope. The drainage put in and the lot cleared and compacted where the RV is going to go. Dont plan on spending more than 10k. If I can find a company who can do it they are all busy. I guess human beings finally caught on and realized it’s better to live in nature than these busy, compact, overcrowded cities.
Getting ready to implement Jobber. Will use your code
incredible 😮
Bid it low enough to get it. Then change order the heck out of everything lol
My brother is a dirt contractor, that’s how his competitors operate.
30% holy heck ! Do you use an estimating program ?
Love your videos! I’ve been watching you for about a year now. What kind of straps are you using to lift the skid down into the hole?
Just some heavy duty ones that are rated for 7.5ton each
Are you including the equipment cost on overhead or do you carry a line item for equipment in addition to labor, material, overhead and profit?
What's up with the funky buckets on the excavators?
I’m thinking he uses them for the sole reason that they move more material per cycle than a regular standard bucket.
I am interested in your employee handbook and snowplowing template.
I’m confused when you say you add in profit and then 30% on top of that ? Is the 30% considered profit or just a padding for unexpected labor/materials or overhead ?
Had the same thought/question.
Typically, you add that in as buffer for any potential risks, unforeseen changes in cost, as well as administrative costs. Overhead would include the cost of email, wifi, business office space, office supplies, hiring a bookkeeper, etc. So, the categories would be materials and equipment, labor, and overhead. Most anything that isn't the first two categories falls into the third. I like to hire a bookkeeper to help me with this in the beginning and they are often more affordable for new businesses than people realize. I get a monthly statement from them that we review together for assets, profits and loss.
There's apps now that you can plug all that it to help
Garrett, do you guys do sewer hookups, hot taps on watermains and stormwater as well?
Yes we do!
@@GarrettWilliams2017 Curious if you would be willing to consult or assist with execution of some site servicing work here in Ontario, Canada?
@@user-tk3mf9rg3x yes. Give me a call to discuss further. 6128752677
What platform do you use to send out bids ?
Jobber paired with quickbooks online
So if I’m understanding right, your profit ended up being roughly 25% of the roughly $12,000 invoice? So about $1500 of profit per day?
You had 4 pieces of equipment out there. Two of them large excavators. That seems really cheap.
👍💯
If the margins are tight then why bid on it?
This is a tiny percentage of the amount of work we are doing every day an week so it’s still worth it plus as we get even more efficient our margin will increase ..
Brother seems kinda cheap. Guys in our area get a thousand dollars to cut down one tree.
Tree work costs especially with certain factors…dangerous risk