ABC’s October 28th membership meeting featured a presentation on the basics of bidding public work projects. For those of you who did not attend the meeting, some of the benefits and challenges of public works that were presented include:
Benefits:
Large, niche opportunity
Provides consistent work
Only a small fraction (10%) of the $787 billion has been distributed
Opportunity to expand relationships with design and other building professionals
Public agencies are embracing green/sustainable building practices
Challenges:
Bonding/Insurance requirements
Paperwork
Payment cycle
PLA’s and apprenticeship requirements
Public agency regulations
For those who wanted to delve into the topic more after the meeting, ABC held a four-hour seminar on November 12th to help companies assess if they can be successful in the public works arena.
If the answer to that question was yes, another class on December 3rd from 1:00 - 5:00 pm at ABC, will help prepare members take on public work projects. You had to attend the November 12th class to take the December 3rd session. Both sessions are being led by Dan Seydel and Karen Primeau from the Platinum Group, LLC, an ABC member consulting firm that assists members with public works. To register, contact Stacie Elledge at (800) 640-7789.