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Aug 17, 2015 · If you own a skid steer- you will eventually be asked to do a grading job. We break down the bidding process to quickly understand the basics and what it t...
- 18 min
- 309.5K
- Project Owner Issues Request For General Contractors to Bid on The Project
- GC Sends Project Out to Subcontractors For Bidding
- Subcontractors Work on Bids and Ask Questions
- Bid Day
The bidding process starts when a project owner or architect advertises that a project is ready for bid and makes the bid documents available to bidders. The bidding process may be facilitated by the owner, an owner’s representative or construction manager, or the project architect. The owner sends out a request for proposal (RFP), request for quot...
Once a GC has decided they’re going to bid on the project, they’ll go through the project documents to determine the types of work needed to complete the project. They then develop their own invitation to bid to send out to prospective subcontractors. The invitation to bid includes detailed information on the project and the scope of work. The GC t...
Subcontractors who choose to bid on the project will access the project documents and begin their bid process. If they have questions regarding the documents, like there’s missing information or unclear details, they submit these questions to one of the general contractors bidding the project. The GC will review the questions and forward them to th...
On or near the bid date, subcontractors send their bids to the general contractors bidding on the project. Each GC reviews each sub bid, compares it to those of similar scope, and asks clarifying questions as needed. The goal is to compare subcontractors in the same trade, apples to apples, though this is often difficult because everyone bids proje...
If you agree that excavation bids should be based on quantity estimates, the next step should be obvious. Every estimate must start by figuring the quantity of soil to be moved. I recommend you begin any project estimate, no matter how large or small, by divid - ing the excavation into two categories: general quantities and special quantities.
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Feb 27, 2024 · Construction bidding describes the process of bid submission and approval between a construction company and its customer, but it can also describe how subcontractors get work from the contractor once a job has been taken. Construction bidding can also be referred to as the construction tender process. A construction bid lives or dies on accuracy.
- Bid solicitation. During the bid solicitation phase, the property owner or their representative will typically issue an Invitation for Bid (IFB), a Request for Quote (RFQ), or a Request for Proposal (RFP).
- Bid submission. In the bid submission phase, interested contractors submit documentation about the project timeline and costs, as well as information about their business.
- Bid selection. When it comes to bid selection, property owners will often pick the bid with the lowest or most competitive price. On public projects, government rules often require that the lowest bid wins.
- Contract formation. After the owner selects a bid, they work together with the contractor to form a construction contract that both parties will eventually sign.
Nov 3, 2017 · In this guide, we’ll explain how construction bidding works, the nuances of bidding on commercial, residential, and government projects, how to improve your bids, and how to win more of them. You’ll find templates, worksheets, tips from leading experts, and 95 sites and resources for construction bid opportunities.
Apr 19, 2024 · It consists of six steps: Company owners send requests for proposal (RFPs) or invitations to bid. After evaluating the bid package, invite and assess subs for specific jobs. Create an estimate and, after thorough proofreading, submit your bid proposal. Engage in discussions about terms before finalizing the contract.
