Bidding, Evaluation, Negotiation and Contract Award - For Construction Projects
After participating in this course, you will be able to:
- Distinguish among the types of bid calls and types of responses
- Use knowledgeably performance, labour and material payment bonds, and insurance
- Make productive use of the bidding period while the contractor is putting together a bid
- Discover new methods of bidding being contemplated by the industry
- Deal appropriately with the low bid when it exceeds the owner’s available financing
For a building project, construction is the ultimate reality. Here ideas, drawings & specifications take physical form. The bidding, negotiation & contract award phases of a project are a short but very important part of every project .
The process of bidding is to seek from the construction industry its statement of what it can do, how much time it will take to do it & what price it will charge. They are the most difficult aspect of the building process & result in a higher rate of claims & litigation. Key aspects include dissertations on the preparation of bids, the uses & abuses of unit prices, plus cost saving & rebidding strategies..
- Pre-Qualifications of bidders & pre-bid estimates
- Bid documents
- Surety & insurance requirements
- General liability insurance
- Bidding period
- Roles of contractors
- Receipt & evaluation of bids
- Low bid exceeds approved cost estimate
- Award of contracts
Who Should Attend:
Owners • Developers • Plant Managers • Architects • Engineers • Interior Designers • Contract Administrators, Specification Writers • Contractors • Subcontractors • Manufacturers • Suppliers • Construction Associations • Construction firms • Lawyers
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Almost all of EPIC's seminars and webinars offer :
- Continuing Education Units (CEUs) and
- Professional Development Hours (PDHs)
These course credits will help attendees earn training requirements for their associations or provincial governing bodies.
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