I’ve been deep into project bidding lately and realized there are so many different methods to estimate construction costs. Some swear by historical data, while others lean on software or unit prices. What’s your approach, and how have you found it affects your bid outcomes?
And i get where you’re coming from with historical data, but I’ve found that mixing it with real-time market rates often gives a more accurate picture. Like you mentioned, each method has its nuances, and I’ve lost bids because I underestimated with old figures. Have you tried combining approaches, or are you sticking with one method?
I totally get where you’re coming from with the different estimating methods. I’ve found that having a solid mix of historical data and real-time market insights can be key. , it drives me nuts when people overlook how much the market fluctuates; that can change the whole game for bids.