Public construction projects – Reinventing yourself to compete

Description

Abstract: The struggling economy has been tough on the construction industry, particularly for contractors that do residential and commercial work. Many contractors have reinvented themselves to take advantage of new opportunities in public works construction. But it’s critical to get up to speed on the rules for bidding on public contracts. One misstep can be the difference between winning and losing a job, or worse yet, the difference between profit and loss. It’s important to learn where to find out about these often little-publicized jobs, and then get acquainted with the strict bidding rules that accompany them. A sidebar looks at some of these specific technicalities.