Streamline Your Pipeline Bid Management Process

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the most successful companies throughout history have gathered analyzed and reacted to data that is most important to their survival and success does your company gather and analyze data that provides for quick decisions is it more than just financial reporting does it contain information that you actually need to improve your business is the information easily relate to other projects or divisions is it timely allowing you to be proactive instead of reactive construction monkey has created several important construction analytics that we refer to as connell ethics shown here are just some of construction monkeys kinetics included with pipeline bed management project management and resume proposal builder services this video will show you kinetics relating only to the pipeline bid management service some of construction monkeys pipeline bid management con oolitic sin clued future work projection pipeline by project type pipeline by entity hit ratio pipeline funnel hit ratio bubble pipeline projects per month this chart shows the future work based upon your current pipeline backlog and flow work it is a great way to look at forecasting in revenue manpower and profitability in the future and all these conex you can change parameters to see what you want to see and how you want to view it this chart shows the percentage of pipeline work either pursuing awarded lost or all against the other types in the category this will help you determine where your business can improve based upon your loss projects as well as who to hire and what experience is needed based upon your recently awarded projects this chart is similar to the pipeline by type chart however it breaks your pipeline down by a specific entity such as customer estimator or PM quickly determine which customers you are winning and losing projects with or which estimator carries the most workload this chart shows a hit ratio of projects your company is one versus all projects awarded broken down by one of several different options see instantly what type of projects your company is most successful or at least successful at bidding this chart shows the funnel of work from all project leads found to the amount of work that turns into a project use this data to determine how much work you have to go after in order to hit a certain revenue goal example this chart shows that if we want to do 17 point six million in revenue this year we need to go after or bid 88.9 million in projects this chart shows the hit ratio is based on many different types of work the size of the bubbles represents the amount of work one this chart shows your pipeline awarded lost bid or all projects per month this chart gives you a good idea on the production of your pre-construction team or estimating department it also lets you know if you can really bid that extra project or if you need to get an additional help kinetic data is automatically generated from information entered in your pipeline projects but you don't have to create or update the chart we train the monkey to do it for you now that you know what connell ethics can do for your company try it for free for 30 days use the promo code when ordering feel free to visit us at construction monkey calm and thanks for watching