How to Estimate Foundation Work (2026 Guide)

Blog  ›  Concrete Concrete · Estimating Guide How to Estimate Foundation Work: 2026 Contractor’s Guide The 8 step framework concrete crews use to price a foundation: cubic yard math, excavation, footings, soil and access, loaded labor, and the pump line. In a hurry? Price a job from a photo in about six seconds. ★★★★★ 4.8 […]

What Is a Bid Bond in Construction?

Blog  ›  How to Estimate Bidding · Contractor Guide What Is a Bid Bond in Construction? A plain-English guide to what a bid bond is and how it works. Learn the cost and the federal rules. Sourced from the Federal Acquisition Regulation, the U.S. Small Business Administration, and the Miller Act. SimplyWise Updated June 8, […]

What Is Prevailing Wage in Construction?

Blog  ›  How to Estimate Construction · Compliance Guide What Is Prevailing Wage in Construction? A plain-English answer to what is prevailing wage construction pay. We cover how Davis-Bacon sets it and what contractors have to do to stay compliant. Sourced from the U.S. Department of Labor, the Code of Federal Regulations, and the Bureau […]

What Is Contingency in Construction? A 2026 Guide to the Construction Contingency Percentage

Blog  ›  How to Estimate Estimating · Cost Management What Is Contingency in Construction? A 2026 Guide to the Construction Contingency Percentage A plain-English guide to construction contingency: what it is, how to size the construction contingency percentage by project phase, and who controls it. We sourced every figure from the U.S. Census Bureau, AACE […]

What Is a Draw Schedule in Construction?

Blog  ›  How to Estimate Construction Finance · Guide What Is a Draw Schedule in Construction? A draw schedule is the plan that releases construction loan money in stages as the build hits verified milestones. This 2026 guide explains how draw schedules work, who controls them, and how to keep your payments on time. The […]