Since the coronavirus pandemic arrived in the U.S., contractors have been increasingly nervous about maintaining and building their backlog of work as jobs in some areas and sectors are put on hold or canceled.
To build their books, many firms are bidding on more projects than usual. This is increasing competition, with more contractors vying for the same project.
Contractors accept risk whenever they take on a construction project, and that’s especially true in light of COVID-19 challenges. However, there are ways contractors can mitigate risk before they have even won the job, and that entails avoiding errors when submitting a bid. Here are seven of the most common: