Inflation significantly affects several economic sectors, and the renovation industry is no exception. Whether it be minor or major repairs or remodels, when the cost of materials, supplies, and services increases, it becomes much more difficult for homeowners to carry out renovation projects as intended.

As a contractor, you are familiar with the routine practice of getting your customers to sign contracts. Of course, managing this paperwork is not really fun and this can lead you to question whether it is truly necessary for every situation. 

As a contractor, knowing how to present a well-structured bid strengthens your company's credibility and maximizes your chances of securing a contract. Potential clients usually compare several proposals before making a decision, meaning your bid must be clear, precise, and professional. What essential elements should it include? How can you stand out from the competition? With the following tips, discover best practices for drafting an effective bid and boosting your conversion rate.