McCormick Systems Releases Checklist to Avoid Bid Oversights

McCormick Systems, a leading provider of MEP (mechanical, electrical, plumbing) takeoff and estimating software, has released a comprehensive new article aimed at helping contractors avoid costly oversights in their bids. Titled "Am I Missing Anything? An Estimating Checklist for Electrical, Plumbing & Mechanical Contractors," the piece outlines essential steps to ensure bids are thorough and accurate.

The article highlights common pitfalls that can erode a project's margin, such as missed hanger allowances, unpriced permit fees, and unaccounted supervision hours. McCormick emphasizes the importance of a solid estimating checklist to catch these gaps before they become costly issues. The checklist covers several key areas:

1. Reviewing the Full Plan Set: Before starting the takeoff process, contractors are advised to thoroughly review the project plans to identify potential scope gaps. This includes checking for all relevant drawings, specifications, and addenda.

2. Materials and Quantities: The article stresses the importance of listing all materials and quantities accurately. Often, items like conduit, wire, and fittings can be overlooked, leading to underestimating project costs.

3. Labor Unit Assumptions: Standard labor unit guides are mentioned, but the article cautions that these assume ideal conditions. Real-world projects may face unforeseen challenges, necessitating adjustments in labor estimates.

4. Hidden Project Costs: The piece notes that certain costs, such as permit fees, insurance, and equipment rentals, do not appear on the drawings but will inevitably be billed. These costs should be included in the bid to avoid profit erosion.

5. Final Pre-Submission Checklist: A checklist for final submission is recommended to ensure all necessary details are included. This helps contractors double-check their work and protect their interests.

McCormick Systems, a part of Foundation Software's business portfolio, developed the article to assist contractors in building a robust estimating process. The software provider emphasizes that the right bidding tools can help catch discrepancies early, allowing contractors to make necessary adjustments before the bid is submitted.

"Small gaps in the estimating process can have a significant impact on a project's profitability," said Tracie Kuczkowski, VP of Marketing at McCormick Systems. "Our new article provides contractors with the tools and knowledge they need to ensure their bids are comprehensive and accurate."

For contractors looking to improve their estimating practices, the article offers a valuable resource.