5 Strategies to Close More Construction Projects

TLDRLearn five strategies to improve your closing rate in the construction industry, including getting inside information, building strategic relationships, following up on bids, keeping a master list, and adapting to market trends and pricing.

Key insights

🔒Getting inside information and building strategic relationships can give you a competitive advantage in the construction industry.

📘Follow up on all your bids and keep in touch with potential prospects to increase your chances of closing a deal.

🔗Creating a master list of potential clients and contacts can help you stay organized and identify new opportunities.

📉Adapt to market trends and pricing to ensure your bids are competitive and attractive to clients.

💪Invest time and effort into becoming a skilled closer to improve your overall success rate in the construction industry.

Q&A

How can I get inside information in the construction industry?

Building strategic contacts and relationships with key decision-makers can give you access to valuable inside information.

How often should I follow up on my bids?

It is recommended to follow up every two to three weeks to stay top of mind with potential clients and increase your chances of closing a deal.

What is the benefit of keeping a master list?

A master list allows you to stay organized, track your potential clients and opportunities, and easily follow up with them.

How can I adapt to market trends and pricing?

Stay informed about industry trends and competitor pricing to ensure your bids are competitive and attractive to clients.

How important is it to become a skilled closer in the construction industry?

Being a skilled closer is crucial for success in the construction industry, as it significantly improves your chances of winning projects and growing your business.

Timestamped Summary

00:00Introduction to the importance of being a closer in the construction industry.

01:00Strategy #1: Get inside information and build strategic relationships.

03:15Strategy #2: Follow up on all your bids and keep in touch with potential prospects.

06:00Strategy #3: Create a master list of potential clients and contacts.

08:30Strategy #4: Adapt to market trends and pricing to stay competitive.

10:45Strategy #5: Invest time and effort into becoming a skilled closer.