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Boring/Directional Drilling bid?
Posted on 8/4/17 at 1:06 pm
Posted on 8/4/17 at 1:06 pm
Has anyone here ever worked with boring/directional drilling?
In my current line of work, I am associated with several utility companies and I'm constantly seeing boring work for electric lines, water, sewer, gas, and even fiber. It seems like the people getting these bids are doing very well, with one guy telling me he could gross around $300k per month if things were going good. So I have a couple of questions:
1. Is there really that much money in boring?
2. What does it take to get into the business?
3. What if I just wanted to get the bid and the subcontract it out? How do you know what to bid?
In my current line of work, I am associated with several utility companies and I'm constantly seeing boring work for electric lines, water, sewer, gas, and even fiber. It seems like the people getting these bids are doing very well, with one guy telling me he could gross around $300k per month if things were going good. So I have a couple of questions:
1. Is there really that much money in boring?
2. What does it take to get into the business?
3. What if I just wanted to get the bid and the subcontract it out? How do you know what to bid?
3
Posted on 8/8/17 at 3:02 pm to Goombaw
1. Yes
2. Lots of insurance and more importantly clients that know your experience.
3. I guess that could be an option but the client would want to know who your sub is and what experience do you have in managing that sub. And why are they paying you a 10% mark-up when you really don't bring anything to the table.
I do engineering design and permitting work on pipelines. I believe the guy when he says he can gross 300K a month but there is a lot of liability built into that. We recently had one of the larger HDD companies perform an HDD for my client in NJ. The drill failed 3 times and they lost equipment down-hole. The HDD company got paid for mobilizing and that's it because they didn't complete the job. They probably lost 5mil on that job because their own geologist said it was doable. It wasn't.
2. Lots of insurance and more importantly clients that know your experience.
3. I guess that could be an option but the client would want to know who your sub is and what experience do you have in managing that sub. And why are they paying you a 10% mark-up when you really don't bring anything to the table.
I do engineering design and permitting work on pipelines. I believe the guy when he says he can gross 300K a month but there is a lot of liability built into that. We recently had one of the larger HDD companies perform an HDD for my client in NJ. The drill failed 3 times and they lost equipment down-hole. The HDD company got paid for mobilizing and that's it because they didn't complete the job. They probably lost 5mil on that job because their own geologist said it was doable. It wasn't.
Posted on 8/9/17 at 8:17 pm to Goombaw
It depends on the job you do. Its not hard to bore under a road. The liability is in boring near existing utilities without damaging them. Case in point, you hit a large fiberoptic and you blackout a company like at&T then your fricked.
Posted on 8/9/17 at 8:18 pm to Goombaw
Unless you already have an earthwork company then stay away from it. It would be better to purchase a boring company.
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