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The construction industry could use any help it can get after this most recent, revenue-crippling recession.A housing market plunge. A miserable lending climate. Project delays or outright cancellations. Builders going bankrupt. Let’s
face it: The construction industry could use any help it can get after this
most recent, revenue-crippling recession. While the home sales numbers are
showing signs of turning around, it’s unclear whether it’s because of the
economy, or because of government-based support programs such as $8,000
incentives for first-time home buyers.
Which means the potential for many more months of struggle
is still very real, as unemployment remains high in the construction sector.
The upshot is that contractors need to do more with less — an unfortunate
scenario that involves bidding a greater number of estimates to get the same
amount of work as they did in the past. And bidding can be a labor-intensive,
tedious task, given the extensive specs and attention to detail that’s needed
to come up with a winning proposal. If you’re a contractor with multiple
subcontractors spread throughout a state or region, sending and resending bid
notifications, details and blueprints via overnight mailings can be a
time-consuming and expensive process.
But thanks to College Station, Texas-based SmartBidNet,
assembling a bid is getting more and more streamlined. The company’s Web-based
software package allows contractors to create a database of subcontractors that
may be organized in a variety of ways — where they’re located, their level of
skills, their federal minority status, their bid participation levels and even
a "report card" on their general performance track record. All of this
information is then processed and analyzed to rapidly produce a hopefully
winning bid. The product also allows for electronically based bid submission,
so lead construction contractors don’t have to spend those extra hours on
printing, shipping and other traditional logistical needs to get the bid to the
potential customer.
Results are already emerging: Bid turnaround time has been
greatly reduced, from weeks to days for SmartBidNet customers and much if not
all paperwork is eliminated. One user reports that his company saved almost
$30,000 in printing and shipping costs alone. It’s especially helpful for
contractors who oversee thousands of subcontractors in multiple locations
nationwide. At any given time, contractors using the product can have as many
as 50,000 subcontractors in their "available for work" database.
“These contractors don’t have the time or the staffing for
the many bids they need to be preparing simultaneously in order to win enough
jobs to stay afloat,” says James Benham, developer of SmartBidNet. Benham is
also founder and president of JBKnowledge, a product design/development company
also based in College Station. “If you bid more, you can win more. It’s a
numbers game.”