Before we go any further on how to accurately bid for any property preservation work order, ensure that you are in reach to your local contractors, banks, and real estate professionals. Check out our blog on how to connect with potential clients and grow your property preservation business.
One of the enormous obstacles numerous property preservation companies deal with each day is appropriately presenting the best suitable bid to get the required job.
Two things can usually turn out badly while presenting a property preservation bid:
You overrate the work dependent on your likely customer’s assumption.
Your underbid on the work isn’t beneficial or profitable rather you lose cash doing it.
Before bidding on any property preservation job, visit the site for inspection and bring the following tools & equipment with you.
Ladder
Phone
Safety hat
Business card
Gloves
Goggles
Other equipment like screwdriver and drill machine.
Note: Check out the necessary tools and equipment for the inspection process.
Take notes and photographs of the property and arrange them onto your PC with no resizing.
Keep a list of tools essential and whether you’ll have to buy or lease extra things. Furthermore, you’ll need to know which specific task you can or need to subcontract out dependent on your abilities.
Taking that data from an overview, you can make your bid. You may need to consider the factors like:
Your company’s experience in the field.
The contractors you hire for the job.
How quick you can finish an assigned job.
Location of the property.
Market rate for the most prevailing bid.
If your client has different properties that they need assistance with, you may choose to give mass valuing with some basic discount.
Convenient offers are crucial in this industry so when you get back from visiting the site get your client a bid as soon as possible. That can be the characteristic of winning or losing a bid.
Step for the successful bid:
Choose before you bid: Just because you get an RFP or an imminent client requests that you bid on a task, doesn’t mean you need to. A bid is a work to make and you shouldn’t submit one if you’re truly keen on the undertaking.
Set up a meet: Not all client will need to meet with you but it’s to your greatest advantage to check whether the job is truly worth your time, clarify your experience and set up a professional relationship with the clients to improve your odds of winning the bid.
Ascertain cost:Precisely evaluating costs lays out the groundwork for you. More or less, you should list materials you’ll require for the work or services you provide.
Pitching your bid: Don’t just email your bid. You need to pitch it, not simply send it. Inquire as to whether you can walk them through your bid in person, or via phone. You need to have the option to clarify the services listed, costs, their sums and why your figures are higher or lower than your competitor’s.
Talking through the bid likewise forestalls miscommunications and gives the customer to ask you questions on the spot. Also, it helps add personal factors to the bid report.
RPR Services is a property preservation work order processing company, who analyzes the photos that are presented after the inspection of the property is completed, and after a thorough examination of the provided information, we submit the most appropriate and nominal bid for all your repairs