ESTIMATING & BIDDING FOR SUBCONTRACTORS 2-Day Boot-camp

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Instructor:  Victor C. Tyler, P.C., MASCE, NSPE, Tyler Construction Engineers, P.C.

                      Author of  "How To Estimate Road Construction Accurately"

                      and Creator of  RoadBIdTemplates.com

Must Register in Advance.

The material is organized toward the small subcontractor's point-of view. Our Custom Excel Bid-Estimate Templates will be used in classroom activities.

In this fast paced and in depth 2-day course, attendees will gain greater insights and knowledge of how to estimate, bid and win DOT contracts. Work scopes covered may include but are not limited to Trucking, Material Hauling, Silt Fence Installation, Concrete Flatwork, Placing Base Stone, Clearing and Grubbing, Road & Drainage Excavation, Asphalt Paving, Pipe Culvert, depending on class makeup.  

After completing this mini-boot camp, participants will understand how to organize the estimating document, understand quantity take-off, materials pricing methods, labor and equipment productivity and billing rates, indirect, overhead and profit.  

The methods presented will change participants’ way of thinking from that of a craftsperson into thinking like a successful businessperson in the construction industry.  

Attendance for the entire session and active participation in this intensive course is essential to success in learning to estimate and bid on DOT and Infrastructure projects. You are encouraged to bring your laptops, an example of several detailed bid estimates and  business' current Year –end Profit and Loss Statement.

AGENDA FOR DAY - 1

  8:00 - 8:30      Introductions 

  8:30 - 9:00      Explanation of course, exercises, and estimating book       

  9:00 -10:00     Fundamentals of the 5B's of Project-based Business Model 

10:00 - 10:15    BREAK

10:15 - 11:00    Chapter 1 - Estimating Fundamentals

11:00 - 12:00    Chapter 3 - Estimating Construction Labor

  12:00 - 1:00    Lunch / Networking

     1:00 - 2:00   Chapter 3 - Estimating Construction Materials

     2:00 - 3:15   Chapter 3 - Estimating Construction Equipment

     3:15 - 3:30   BREAK

     3:30 - 4:30   Chapter 2 - Construction Accounting (Chart of Accounts)

     4:30 - 5:00   Review: Open Roundtable Discussion

                            (One-on-one Assistance Available for Participates)

Day 2 Breakdown:

  8:00 - 9:00     Doing Business with DOTs  

  9:00 - 10:00   Chapters 4 & 5 - Jobsite Overhead (Indirect Costs)

10:00 -10:15   BREAK

10:15 -12:00   Chapters 6-8  Home Office Overhead, Markups & Profit)

12:00 - 1:00    Lunch / Networking

   1:00 - 1:45   Chapters 9 - Estimating & Bidding Practice Problems

   1:45 - 2:30   Chapters 9 - Estimating & Bidding Practice Problems 

   2:30 - 2:45   BREAK

   2:45 - 3:00   Estimating with Spreadsheets Templates

   3:00 - 4:15   Build Your Company’s Estimating & Bidding Template              

   4:15 - 4:30  Review of Bidding Strategies and Open Roundtable Discussion 

                         (One-on-one Assistance Available for Participants)

Objectives

• Understand how to set your business up for success in Estimating and Bidding work on DOT Projects 
• Recognize various opportunities to improve your company’s potential for growth and profitability 
• Comprehend the necessity of knowing your company’s capacity and capability
• Understand DOT’s and Prime contractors’ needs and know how to fill the need
• Understand how to know, understand, and control your costs
• Comprehend that organization and attention to detail is essential to your success 

Please Note: In-person classes will be limited to 20 participants per location. Each participant will receive course workbook and an enhanced Excel Estimating Spreadsheets for class examples to take back to the office to practice. If an overflow of registrants occurs, an additional classes may be offered at the same location on another date.