Pro Builder

SEPTEMBER 13, 2022

Does Access to Flood-Risk Data Impact Homebuyer Decisions? A new Redfin survey reveals that prospective buyers are less likely to bid on homes with high flood-risk scores. million Redfin.com users, half of which had access to property-level flood-risk scores and half of which did not. after reviewing flood-risk data.

Risk 52

Risk Bidding Equipment Housing 52

Levelset

MARCH 11, 2022

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

Bidding Cash Flow Contractors Procurement 98

Pro Builder

JULY 31, 2020

Nearly Half of June, May Homebuyers Made Bids Sight-Unseen. Redfin’s chief economist predicts this being the most popular way to purchase a home by the end of the year, and says if buyers are not bidding on houses sight-unseen, someone may very well beat them to it. . cbroderick. Fri, 07/31/2020 - 08:52.

Bidding 105

Bidding Los Angeles Comparison Risk 105

NH Construction Law

APRIL 3, 2023

” When the plaintiffs were preparing their bid, they asked the Town’s engineer “if they could base their bid upon the use of native stone, and he told them that they could. Accordingly they did so, reducing their bid $1.25 a yard upon the understanding that they could use local or native stone in the concrete.”

Bidding 40

Bidding Concrete Risk New Hampshire 40

Construction Enquirer

JULY 5, 2023

Standards body BSI haslaunched a new whitepaper on how to minimise risks in infrastructure projects. Experts suggest that a better approach to scope development and managing risk and contractual change could save up to £25bn a year on projects.

Infrastructure 82

Infrastructure Bidding Procurement Risk 82

Chianelli Estimating

DECEMBER 13, 2021

Bidding on projects isn’t enough. Winning those bids is essential to the success of your business! These three tips for bidding on construction jobs will help your bid stand out. Bid within your expertise. Bidding on projects you’re not equipped to handle, however, is one way to quickly damage your reputation.

Bidding 60

Bidding Estimating Construction Overhead 60

Construction Dive

MAY 15, 2023

AI platforms can analyze drawing sets, automatically identify design-related risks to improve decision-making.

Bidding 107

Bidding Drawings Risk Design 107

Autodesk Construction Cloud

MAY 9, 2022

??Risk management has always been an essential element for success in construction, but things have certainly reached a whole new level in recent years. Needless to say, learning to manage risk amidst uncertainty might be more important than ever before. . We discuss: Their opinion on today’s biggest areas of risk.

Risk 80

Risk Management Modeling Environment 80

Pro Builder

DECEMBER 7, 2020

Is Your Construction Team Prepared for Cyber Risks? Malicious cyberattacks could impact project designs, bid data, and security system information involved in architectural proposals. The growing number of cyber risks may feel daunting, but there are several ways to protect your business from these cybercrimes.

Risk 92

Risk Construction Security Bidding 92

Autodesk Construction Cloud

JUNE 8, 2023

Because preconstruction offers the biggest opportunity to de-risk a project. This, in turn, leads to improved accuracy in project estimates , proactive risk management, and more effective resource allocation. When the process isn’t carried out efficiently, bid management takes longer and causes more stress than necessary.

Profitability 98

Profitability Bidding Estimating Risk 98

Construction Business Owner

DECEMBER 12, 2019

As described by the Construction Industry Institute, this is because design-build projects are delivered faster, and at lower cost, than either design-bid-build or construction management at-risk projects.

Design 266

Design United States Contract America 266

Levelset

FEBRUARY 10, 2022

An architect, designer, or design-bid contractor will perform planning and engineering services for a prospective project owner, providing them with the information they need to move forward. With a clearly defined scope, the GC can pre-qualify subs and reach out to them for bids and quotes. Bidding/procurement.

Risk 52

Risk Feasibility Bidding Budgeting 52

Construction Business Owner

SEPTEMBER 23, 2019

As a contractor, while your bidding scenario may change, ultimately, you will be faced with the underlying questions, “Where did we get that number?” and, “How confident are we in our number?”

Bidding 220

Bidding Budgeting Budget Schedule 220

ENR Construction

JUNE 8, 2022

With projects facing rising material costs, crunched schedules and labor shortages, project delivery firms say owners are finding themselves at a fork in the road when it comes to design-bid-build versus alternative delivery models.

Risk 67

Risk Bidding Roads Schedule 67

Construction Dive

MARCH 16, 2020

Careful bidding and specific contract provisions can help mitigate the risk. The time is now for firms to protect themselves from the potentially devastating effects of the coronavirus pandemic, according to attorney Trent Cotney.

Bidding 170

Bidding Contractors Risk Contract 170

Pro Builder

FEBRUARY 19, 2021

Online Homebuying Makes Way for Sight Unseen Bids. With the increase in virtual selling tools and shortened listing times, making a bid on a home sight unseen has become easier and more common. But they didn’t want to deal with the health risks and quarantine rules involved with flying back and forth to look at properties.

Bidding 52

Bidding New York Colorado Inventory 52

HardHatChat

FEBRUARY 14, 2024

We believe it enhances our project outcomes, mitigates risks, and supports the overall success of our national construction business. This is why we ask for detailed qualifications on their bid proposals. We value subcontractor partners who deliver on their promises, communicate effectively, and respond promptly to our needs.

Commercial 295

Commercial Construction Schedule US 295

Construction Dive

JULY 21, 2016

By Bruce Jervis A bid is unbalanced when it fails to rationally allocate cost, overhead and profit among the various work items. As a general rule, a public project owner may accept a “mathematically unbalanced” bid unless it creates unreasonable risk for the owner.

Bidding 48

Bidding Overhead Profitability Risk 48

Construction Dive

MARCH 12, 2014

By Bruce Jervis The rule requiring pre-bid clarification of obviously ambiguous documents is founded in fairness and common sense. The bidder must call the matter to the attention of the project owner prior to bid submittal. The bidder must call the matter to the attention of the project owner prior to bid submittal.

Bidding 54

Bidding Design Risk Contractors 54

Lets Build

FEBRUARY 3, 2023

Free eBook: Quick guide to Lean practices for construction professionals 7 ways to minimise the impacts of construction inflation As inflation continues to affect the construction industry worldwide, we must find ways to counteract it or risk losing our already slim profit margins. Now your project’s schedule and target cost are at risk.

Construction 148

Construction Materials Risk Management 148

ENR Construction

OCTOBER 6, 2021

Push to end Michigan suit to halt Enbridge cross-border Line 5 comes as its owner aims to bid new construction contract by mid-October for estimated $500M replacement tunnel.

Michigan 63

Michigan Risk Bidding US 63

Construction Marketing

AUGUST 3, 2022

They can choose to either put up a bid or let general contractors bid to build the project. This process is called a design, bid, and build contract. The second stage will consist of setting up a bid for prospective general contractors and finding the most suitable one for the project.

Project Management 228

Project Management Management Construction Feasibility 228

HardHatChat

JANUARY 17, 2023

For Englewood and our national retail, restaurant, and hospitality clients, we’ve learned that the old mindset of the lowest competitive bid and a rigid approach to material and equipment is ineffective in times like these. For example, the project can be at risk if you only chase after the lowest bid.

Commercial 156

Commercial Retail Construction Permits 156

Job Order Contracting

MARCH 1, 2022

Items included in a JOC coefficient (also known as a “Bid Factor”). General / Prime Contractor Profit and risk. Labor (Both during Normal Work Hours and Outside of Normal Work Hours). Materials. Equipment. Subcontractor costs. Subcontractor mark-ups. General / Prime Contractor Overhead. projects valued over $35K; 9.

Insurance 233

Insurance Compensation Overhead Security 233

Constructonomics

JANUARY 28, 2010

In the economic climate that we find ourselves at the moment, it seems that the only projects out there are public jobs where bids are solicited and any warm-blooded creature with a pulse and a remote ability to read plans can submit a price on the job. The municipalities are required by law to accept the lowest responsible bid.

Bidding 149

Bidding Negotiation Liability Risk 149

Autodesk Construction Cloud

DECEMBER 31, 2021

And with good reason: the right insights can improve everything from project cost and timeline accuracy to reducing the risk of lawsuits and disputes, and even winning more business. Or implementing new safety training to mitigate worker injury risk You can then use that knowledge to anticipate and better manage risk for future jobs.

Risk 52

Risk Management Construction Autodesk 52

HardHatChat

JULY 27, 2020

Be Selective in the Bidding Process If the project is a competitive bid, some clients are tempted to send it out for pricing to a laundry list of construction firms. It’s well worth the time for clients to vet firms they are considering in advance and ask a select few to participate in the bidding process.

Commercial 240

Commercial Contractors Construction Bidding 240

Wolgast Corporation

DECEMBER 23, 2021

Less Risk for the Owner + the Right People Collaborating + Competitive Bids + Adequate Time. If the answer is yes, then Phase II includes the full design documents with engineering and construction review, a low bid price obtained from many qualified contractors, and an achievable schedule (among other things).

Risk 62

Risk Construction Bidding Schedule 62

Best Practices Construction Law

MAY 20, 2016

When a client asks me about a particular contract provision and why it is “unfair” or “uneven”, we began a discussion about risk allocation. You see, the contract is used to shift the various risks on the project to the party most appropriate to handle it. What about the risk of escalation in material costs?

Risk 69

Risk Materials Contract Contractors 69

Construction Marketing

JULY 11, 2022

These are bonds required for you to work or bid on specific projects and include bid bonds, performance bonds, and payment bonds. The state or federal government might require you to post a bid bond before you can submit a bid to work on a public project. Your company’s available working capital.

Contractors 156

Contractors Legal Bidding Contract 156

Construction Dive

SEPTEMBER 10, 2019

Profitability hinges on thorough and accurate bids not only for megaprojects but mid-size projects as well, with owners and contractors alike seeking certainty in the face of ever-shifting material and labor costs.

Risk 65

Risk Bidding Contract Profitability 65

Autodesk Construction Cloud

OCTOBER 27, 2022

As an estimator, a cloud-based cost estimating solution can help keep your company competitive, because you can create realistic bids faster. . When you have a template, it’s much easier to make sure you have consistency across project bids. Not performing adequate risk analysis. Not using templates. Not using the right pricing.

Estimating 52

Estimating Bidding Modeling Risk 52

Job Order Contracting

OCTOBER 1, 2020

Negative conflict-ridden and relatively inefficient construction procurement and delivery methods such as design-bid-build, design-build, construction manager at risk, etc., It can not be accomplished by a sole focus upon short-term capital cost reduction and traditional win-lose procurement methods.

Procurement 149

Procurement Construction Bidding Renovating 149

Construction Dive

JUNE 18, 2014

When a contractor prepares its bid or proposal on a construction contract, it should review and evaluate both the differing-site-conditions provisions and any disclaimer or exculpatory provisions in the proposed contract and make a risk assessment based on those contract provisions.

Bidding 51

Bidding Contractors Contract Risk 51

Construction Dive

DECEMBER 20, 2018

After acquisitions of Assemble Systems and PlanGrid this year, the con-tech heavyweight is now adding bid management, risk analysis and other preconstruction solutions to its portfolio.

Deals 98

Deals Autodesk Bidding Risk 98

HardHatChat

MARCH 26, 2024

Over the past 20+ years, with 2500 completed commercial construction projects, we have learned that it takes more than a great price to win a bid. We believe it enhances our project outcomes, mitigates risks, and supports the overall success of our national construction business.

Commercial 177

Commercial Contractors Construction Project Management 177

Best Practices Construction Law

JUNE 16, 2022

Interestingly, this contractor had performed other contracts at Fort Detrick involving deep foundations that happened to be design-bid-build contracts containing unit prices for excavation. As appellant concedes, design risk is transferred to contractors in the design-bid context, but not the risk of DSCs.

Claims 62

Claims Bidding Contract Construction 62