January 30th, 2012 | Published in Uncategorized
You’re probably familiar with the English proverb, “Measure twice, cut once.” You surely know how critical it is to measure something properly and accurately. But when it comes to business processes, do you do it? And how often? What metrics do you use?
Today’s highly effective contractors are reviewing last year’s key performance indicators (KPIs) and establishing this year’s metrics. They’re identifying business processes that need to be corrected and developing ways to improve the way they work. Cost estimating is a process that always deserves fine-tuning. But do you know what needs fixing? And do you know when it’s fixed?
- Are you part of the 40% that over-estimate bids “most of the time?”
- Do you turn around bids in less than 5 days, the market average?*
- Are you in the minority still using pen and paper or Excel spreadsheets?
- Are you part of the elite 10% of companies that win 90% of the projects you bid on?*
See how you stack up against your competition by participating in our estimating benchmark survey. Visit http://software-advice.polldaddy.com/s/construction-estimating-benchmark-survey.
Participants can receive a free copy of the benchmark report to be published later this quarter.*These initial figures are based on data collected to-date.