2025 CONTRACTOR ROAD TO SUCCESS
1 . Know the Department ’ s or Prime contractor ’ s needs for each specific project and in your proposal , be sure to highlight your experience and expertise in meeting those needs , including detailing other projects you ’ ve successfully completed similar to the one on which you are bidding
2 . Emphasize the advantages of awarding the project to you
3 . Understand the project and thoroughly review all relevant documents , including the blueprints , specs , and other information provided
4 . Know the scope of work , deadlines , budget , and specific requirements
5 . Estimate the costs involved in completing the project , including materials , labor , equipment , subcontractors , permits , insurance , and other related expenses
6 . Add in your overhead costs , profit margin
7 . Determine potential risks , both physical and operational , when calculating project costs
8 . Figure out a competitive price that aligns with the market while ensuring profitability for you
9 . Remember that underpricing will lead to financial challenges , if not disaster
10 . Make sure you submit a complete and timely bid
Finally , the Contractor Technical Assistance Program ( CTAP ) is in a unique position to help you navigate the roadmap to success . The CTAP was designed to assist contractors and subcontractors in qualifying to bid and secure contracts by providing technical assistance and information , including securing surety bonds typically needed in public bidding and contracting under the Surety Bond Program .
The Technical Assistance ( TA ) component can potentially assist you in the areas of accounting ; estimating ; project / construction management ( including cash flow projection training ); marketing ; bonding ; safety ; and navigation of Alameda County .
In addition to technical assistance , the CTAP offers surety bonding assistance , offering guarantees to the surety company for them to provide or increase a contractor ’ s bonding capacity for the duration of the project . ( 40 % of the contract / bond amount up to $ 750,000 , whichever is less ). The CTAP will work with your current broker or introduce you to a surety broker to establish your bonding requirements .
All of these training and technical assistance services are free of charge . Are you ready to drive your business success ? Contact us today at ctap @ imwis . com or ( 510 ) 740-6922 . We look forward to working with you !
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