Bidding Jobs

Make better job bids given the uncertainty of competitor's bid proposals.

This App helps you make better job bids. When bidding on jobs against competitors, making a high bid yields more profit but decreases the likelihood your bid will win. A low bid yields less profit but increases your chance of winning the job.Somewhere in the middle is the optimal bid that gives you the best chance of winning the job contract while making a nice profit. Using the power of Monte Carlo Simulation this App considers the uncertainty around the number of bidders and their bid proposals in determining the bid you should make that maximizes your expected profit.