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Construction 3 Excel tabs included 9 min read Updated Jan 2026

Subcontractor bid comparison matrix

Level every bid against the same scope, quantify the exclusions, and let the standard deviation tell you which bid is a mistake rather than a bargain.

Minimum bidders
3
Outlier threshold
Typical gap value
5–15%
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A low bid is not a low price

Three electrical bids arrive: $74,200, $88,400 and $96,300. The instinct is to award the $74,200. Then you read the exclusions — no fire alarm, no temporary power, no gear procurement, no bonding. Add those back and the cheapest bid is the most expensive number on the page.

Bid leveling is the discipline of comparing bids on identical scope. The comparison in this tool adds two things to every base bid: the value of the work the bidder excluded (the scope gap) and any leveling adjustment for differences in what is included. Only then is the comparison meaningful.

Level-adjusted bidlive formula
Leveled total = Base bid + Scope gap value + Leveling adjustment

Deviation = Leveled total − Mean of compliant leveled totals
The workbook computes the mean, median and standard deviation of compliant bids and flags anything beyond one standard deviation.

Quantifying what the bid left out

Every exclusion in a subcontract bid is a future change order. The scope checklist tab turns those exclusions into a dollar figure by examining the items that most commonly move between bidders.

Items most commonly excluded — and what they actually cost
ItemTypical valueWhy it gets excluded
Temporary power1–3% of trade valueAssumed to be the GC’s scope
Fire alarm3–8% of electrical valueOften a separate low-voltage package
Permit fees0.5–2%Unclear whether GC or sub pulls permits
Gear procurement10–25% of electricalLead time and payment terms risk
Testing & commissioning1–3%Deferred to the owner’s agent
Bonding1–3%Often required only above a contract threshold
Final clean & disposal0.5–2%Everyone assumes someone else
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Outliers: standard deviation as a risk signal

When bids cluster and one sits more than a standard deviation from the mean, something is different: a missed scope item, a price taken from the wrong project, or a bidder who is not serious. None of those are good news, and all of them are invisible if you look only at the low number.

Awarding to an outlier without a written clarification is how subcontractors go out of business mid-project — and how general contractors inherit the problem. The template flags outliers automatically and provides a field for the clarification you obtained.

  • Flag anything beyond one standard deviation and require a written scope confirmation.
  • A bid on the high side may simply reflect a fuller scope — check the gaps before discounting it.
  • A bid on the low side may reflect nothing included — check the same thing.
  • With only three bidders, standard deviation is rough. Five bids or more makes the signal much more reliable.

Documenting the award

Most public work, and a growing share of private work, requires you to demonstrate that award decisions were consistent and documented. Even where it is not required, a written rationale protects you when the low bidder asks why they lost.

The justification tab scores each compliant bidder on leveled price and schedule, then records the reason for the outcome. That single page is frequently the difference between a claim being dismissed and a claim being negotiated — because it shows that the decision was made on a defined, applied-in-advance basis.

  • Confirm scope in writing with the recommended bidder before issuing a subcontract.
  • Require a schedule of values before mobilisation — it becomes your payment control.
  • Check insurance certificates and bond capacity before award, not after.
  • Keep the losing bidders informed; a well-run buyout gets better bids next time.

How to use this tool

  1. Enter every bid exactly as received. Base bid, exclusions, bonding status, schedule and any qualifications. Do not adjust anything yet.
  2. Quantify the scope gaps. Use the scope checklist to price what each bidder excluded. This is the number that changes the ranking.
  3. Read the mean, median and standard deviation. Compare each leveled total to the mean. Anything beyond one standard deviation needs a written clarification before award.
  4. Download and document the decision. The workbook scores compliant bidders on leveled price and schedule, and produces a selection justification page you can file.

What is inside the download

A leveling matrix that adds scope gaps and adjustments to each base bid before comparing, a scope checklist that surfaces what each bidder excluded, and a weighted selection sheet that documents why you awarded the way you did.

  • Bid Leveling Matrix — a separate worksheet in bid-comparison-matrix.xlsx.
  • Trade Scope Checklist — a separate worksheet in bid-comparison-matrix.xlsx.
  • Selection Justification — a separate worksheet in bid-comparison-matrix.xlsx.

Where these defaults come from

Every pre-filled value in the calculator above is listed below with its basis. None of it is proprietary to us — we do not run primary research. Statutory figures come from the regulator, fee schedules from the vendor that charges them, ranges from published industry surveys, and conventions are labelled as rules of thumb. When you have your own numbers, replace the default: the workbook formulas do not care where an input came from.

DefaultValue usedBasisSource
Contractor overhead rateBelow roughly $2M revenue, 10–18%; above that, 8–12% as fixed cost spreads.8–18% of direct costRule of thumbNo authoritative source — industry convention
Target net marginGeneral contractors carry less direct labour and therefore thinner net margins.4–8% GC, 8–15% tradesRule of thumbNo authoritative source — industry convention

Full source registry, verification status and review cadence: data sources & methodology.

Frequently asked questions

Three is the minimum for a meaningful comparison and five gives you enough data for the standard deviation to be a reliable signal. For large packages, pre-qualify more bidders than you intend to award to, then invite a consistent set so comparisons work across projects.

Software that pairs with this model

These are the platforms our models are designed to work alongside, chosen because their pricing or data appears in the model itself. Some links are affiliate links — they cost you nothing, and they never influence a formula, a default value or a result.

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