Learn how to know when it's time to raise your construction prices. This guide covers 15 warning signs that contractors may be underpricing their work, including rising material and labor costs, shrinking profit margins, increased demand, higher insurance and bonding costs, and consistently booked schedules. Learn how to review your expenses, calculate profitable pricing, increase rates without unnecessarily losing customers, and build a stronger construction business.

A bid bond is a type of surety bond that guarantees a contractor will honor their bid and enter into a contract if awarded a project. Commonly required on public works and commercial construction projects, bid bonds help protect project owners from financial loss if a contractor backs out after winning a bid. This guide explains how bid bonds work, who needs them, how much they cost, and how contractors can qualify.