Challenge:
Finding the right subcontractors to meet construction project needs is one of the biggest challenges general contractors face today. The top subcontractors are just too busy and aren’t actively seeking project opportunities or to connect with new GCs.
With this in mind, GCs have to find new ways to improve trade coverage. However, many GCs continue to manually search through unfiltered yellow pages and solely tap into their private sub database for possible bidders, which is not only time-consuming but produces low ITB response rates.
Solution:
By accessing online subcontractor networks, virtual builder exchanges, and bid management software, general contractors are able to easily interact with qualified subs who are actively looking for projects, reduce risk upfront, increase bid coverage, and win more projects.
See how general contractors are using sub networks, builder exchanges, and invitation to bid software to optimize the preconstruction process and make their day-to-day lives easier.
- Access an Active Sub Network – GCs are able to target subs actively looking for project opportunities, engage with thousands of contractors logging in daily, and find subs in their area or across the country. If contractors need valid subs in unknown markets or for specific trade codes, they have the ability to quickly search and locate them based on needs.
- Improve Precon Efficiency – By using an ITB software GCs are able to consolidate and manage the entire precon process in a single solution, reducing errors and inefficiencies. The software integrates with sub networks, allowing users to build better relationships with subs through clear communication, create a more consistent bidding experience, make it easier for subs to submit their bids, and speed up the bidding process.
- Easily Prequalify Subs – Bid management software also integrates with prequalification tools to help guard against risk. It’s not only crucial to find the right subs, but also to properly vet them (especially subs that are new to the industry) during the precon process. The subs within the ITB software network are able to quickly review GC requirements on the bid and easily submit the required prequal data into the system.
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