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Low Bid; Best Bid: Historically facility managers have had their hands tied with acquisition regulations that required the award of projects to the lowest bidding contractor. Too often the low bid winner would prove to be the contractor that made the most mistakes in their bid. construction consultants.
Ed Carrigan asked: “Do you believe there is a savings between JOC program and a bidding process (design-bid-build)?” For multi-trade repair and improvement type projects, Job Order Contracting will win out on a savings analysis over design-bid-build. ” Thanks for the question, Ed.
All contractors have faced this at one time or another where they were low bid on a project and learn as the job unfolds why they were low bid. Rory Woolsey has worked in Management and Engineering for the construction industry for 35 years, starting as a construction laborer in Billings, Montana, in 1972.
Architects and engineers define scope in plans and specifications but for construction estimating this scope is incomplete. Successful "hard bid" contractors know very well that scoping construction goes well beyond the AE scope and must include field specific scope. He is also affiliated with The Wool-Zee Company, Inc.,
All contractors have faced this at one time or another where they were low bid on a project and learn as the job unfolds why they were low bid. Rory Woolsey has worked in Management and Engineering for the construction industry for 35 years, starting as a construction laborer in Billings, Montana, in 1972.
The first crisis will occur when the contractor bids are greater than the budget estimate. Published construction cost data is also very helpful for budgetary estimating and for checks and balances in bidding. It is here that you can ask the customer to cut scope or return to the funding source and ask for more money. Woolsey, MBA.
Double Check Phase: All good cost estimates are checked and double checked prior to establishing it as the project budget or bid price for a project. Rory Woolsey has worked in Management and Engineering for the construction industry for 35 years, starting as a construction laborer in Billings, Montana, in 1972.
Estimate Contingency: Defining and capturing the scope of work is the key to accuracy in estimating (and bidding) projects (particularly with renovation projects). Rory Woolsey has worked in Management and Engineering for the construction industry for 35 years, starting as a construction laborer in Billings, Montana, in 1972.
This week the blog topic is on “Negotiating” unit price line items taken from national estimating guides on competitively bid contracts that are publically funded and subject to audits. Mr. Woolsey has earned a Bachelor of Science degree in Civil/ StructuralEngineering and a Masters degree in Business Administration.
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