Simply Business

Strength and Security: What Your Projects Need From Steel Products

A steel factoryYour business relies heavily on the strength and durability of steel products. With time-tested materials, your organization ensures the delivery of projects that meet the highest standards and client expectations. Whether you’re in need of heavy duty flat metal sheets for industrial machinery or hot rolled steel sheets for automobile manufacturing, a systematic vetting process for suppliers can secure the success of any project.

Estimating Projects

Project estimation is crucial to a winning bid, one that hopefully gets you more future jobs from the same client. While you want to stay as competitive as possible, you’ll also need to make a profit from the job. Bidding is particularly tricky when it comes to construction projects because of the industry’s highly competitive nature. So some companies may underprice their bids to weaken competitors and make their proposals attractive. But this strategy could lead to substandard work.

A better strategy would be to determine the location of your materials. Are you going to get your steel products from a warehouse or a manufacturer? Prices for each are likely to vary. You’ll also want to make sure that your supplier’s quote is at the time of delivery; the cost of materials tends to rise as the market fluctuates. Making an allowance for this scenario will keep your estimate as accurate as possible. You can also add escalation clauses in your contract if you win the bid.

The Technology

Steel manufacturers process metal sheets, plates, and other such products now use innovative machinery. New technologies not only improve efficiency but also quality for every steel product that you order. For example, a team is developing a technique that could yield low-density but stronger and more flexible steel.

Most production technologies allow manufacturers to also cut down on energy use, which according to The Economist takes up 80 percent of steelmaking cost. This development would likely reduce the price of steel, which should give you enough wiggle room in your proposal to make your bid enticing to clients.

Steel products ensure the strength, stability, and durability of your projects. Ensure these goals at the bid stage. And choose your suppliers well.