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 and specifications take physical form. The bidding, negotiation and 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 and what price it will charge. They are the most difficult aspect of the building process and result in a higher rate of claims and litigation. Key aspects include dissertations on the preparation of bids, the uses and abuses of unit prices, plus cost saving and rebidding strategies..
- Pre-Qualifications of bidders and pre-bid estimates
- Bid documents
- Surety and insurance requirements
- General liability insurance
- Bidding period
- Roles of contractors
- Receipt and 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
Overall rating of this course by its previous attendees!
Almost all of EPIC's courses 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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