Category Archives: Bidding
The competition for construction work is fierce in the U.S. Existing business development paradigms for CMs and GCs simply do not work.
Here is a list of common cost control problems found on construction projects: Improper estimates, standards and budgeting techniques. Unrealistic budgets. Activities started or completed out of sequence. Inadequate WBS (Work Breakdown Structure) or insufficient WBS detail. Lack of management … Continue reading
Construction estimating and purchasing executives are aware of the various issues involved with negotiating large equipment purchases. On fixed price contracts, the ability to negotiate purchases on major equipment contracts affects profitability, schedule, project risk and overall project success. The … Continue reading
One of major pitfalls of general contractor (GC) estimating on infrastructure projects is getting the right numbers from the electrical bidders. Electrical trades comprise a significant portion of the contract value on large fixed-price infrastructure projects. GC’s are faced with the perilous … Continue reading