Remove Bidding Remove Budget Remove Contractors Remove Modeling
article thumbnail

The High Cost of Low Bids: When Contractors Compete on Price, Everyone Loses

Levelset

Prioritizing a low bid over contractor performance is a lose-lose procurement strategy. Unfortunately, low bidding is an accepted practice for both owners and contractors alike. Owners will say that focusing on the lowest bid possible ensures they get a good price. Who’s responsible for low-bid procurement?

Bidding 98
article thumbnail

Commercial Construction Delivery Methods: 3 Times To Go With A Negotiated Bid

HardHatChat

Any long-time readers of Hard Hat Chat have probably picked up on the fact that I’m a big fan of the negotiated bid. The GC then works with the client to budget the job based on pricing from subcontractor partners. The GC then works with the client to budget the job based on pricing from subcontractor partners.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top 10 Contractor Mistakes

Viewpoint Construction Technology

The most common contractor errors and how to avoid them to keep your construction projects safe, productive and profitable. The savvy contractor knows they can’t possibly avoid every jobsite mistake. Let’s explore 10 of the most common mistakes made by contractors with the best way to avoid the worst. Neglecting Safety Measures.

article thumbnail

A Relationship-based Approach to Sustainable Facilities Management

Job Order Contracting

Existing tools and support services to mitigate waste/rework and enable consistent quality outcomes on time and on budget are readily available. Bid Management. BIM Model Integration, Information Viewing/Access. Budget and Estimate versus Actual and Committed Budget Tracking. Contractor Management.

article thumbnail

All You Need To Know About Construction Project Management To Get Started

Construction Marketing

After the management team confirms and signs a contract with a client for the erection of a building, it is time to get a general contractor for the actual construction of the building. They can choose to either put up a bid or let general contractors bid to build the project.

article thumbnail

Commercial Construction Trends: Why More Clients Are Choosing the Design-Assist Model

HardHatChat

Working with a client on a design-assist or design-build basis, as Englewood Construction is with the reimagining of Stratford Square Mall, allows the commercial contractor to provide valuable input during the initial planning stages. Design-assist is a bit of a hybrid of the design-build process.

article thumbnail

Data Analytics Trends in Construction

Viewpoint Construction Technology

Many contractors are practically drowning in data and don’t have the right tools to parse and analyze the data in ways that would have meaningful impacts on their projects. We’ve heard our customers discuss it at both our Digital Contractor Roadshows and our Collaborate 2018 user conference this year. That, however, is changing.