All the participants of tender always need to be well-prepared for the procedure of selection of the best candidate for construction purposes. The client chooses the company that offers the best conditions for building a project. These are terms, costs, regulations, management backgrounds, and other aspects.
As a contractor, the performer needs to have a skilled team including the architect, interior designers, builders, managers. When the whole mechanism works well, the chances to get the order increase as well. Moreover, many processes can be delegated to the systems nowadays. For example,the project bidding software will come in handy for accurate cost estimation that is a must to hit the objective in the context of the tendering process.
Peculiarities of the Tender Process
According to the regulations required by Single Stage Selective Tendering, there is a range of proceedings to take into account:
Cost Estimating as the Essential Part of the Tendering Process
Sometimes even the best-matching construction companies do not succeed in tenders. The reason is their poor cost estimating background. For example, such necessary expenditures as toilet facilities or on-site safety arrangements are not taken into account. This way the client can see inaccuracies in estimates and decline the candidate even of the most well-performing contractors on the market.
It is the same story about overestimating. It means that the potential contractor can include too many expenditures in comparison with other participants of the tendering process. Pay attention not only to required documentation like specifications and drawings, schedule and rates, cost plus, and so on. Be sure that cost estimating is done the proper way with no faults and weak spots. Use bidding software to perform as the front-runner on any tender.
This post was written and contributed by the Construction Estimating & Bidding Automation Platform Conwize: https://conwize.io
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