Name
How to Protect Margins During the Bidding Process
Date & Time
Wednesday, November 5, 2025, 9:15 AM - 10:15 AM
Speakers
Description
In the door and hardware space, the key to protecting your profits and staying competitive, is mastering smart estimating.
In this session, you’ll learn the keys to striking the right balance between competitive pricing and profitability by managing the following:
- Knowing Your True Costs: Do you really know how much it costs to run your business? Beyond materials and labor, you need to factor in overhead expenses like equipment maintenance, insurance, office costs, and marketing
- Labor: Labor is one of the trickiest parts of estimating because people aren’t machines and estimates need to consider productivity, training, and overtime costs
- Risk: Learn how to analyze and manage risks around projects to ensure that bids are competitive and profitable, while minimizing the potential for unforeseen challenges that could arise during the project delivery
Speaker
Ralph Corlis