Nourhan Farid’s Post

What Is Construction Bidding? A construction bid is the process of providing a potential customer with a proposal to build or manage the building of a structure. It’s also the method through which subcontractors pitch their services to general contractors.  To create successful construction bids, remember the industry's golden rules: Start with highly accurate cost estimates, and submit the lowest bid of all the competing contractors. The process of forming a bid begins with examining construction plans and performing material quantity takeoffs.

𝑻𝒉𝒆 𝒎𝒂𝒊𝒏 𝒑𝒂𝒓𝒕𝒔 (𝒄𝒐𝒎𝒑𝒐𝒏𝒆𝒏𝒕𝒔) 𝒕𝒉𝒂𝒕 𝒏𝒆𝒆𝒅𝒔 𝒕𝒐 𝒃𝒆 𝒊𝒏𝒄𝒍𝒖𝒅𝒆𝒅 𝒅𝒖𝒓𝒊𝒏𝒈 𝒕𝒉𝒆 𝒑𝒓𝒆𝒑𝒂𝒓𝒂𝒕𝒊𝒐𝒏 𝒐𝒇 𝒄𝒐𝒏𝒔𝒕𝒓𝒖𝒄𝒕𝒊𝒐𝒏 𝒕𝒆𝒏𝒅𝒆𝒓 𝒅𝒐𝒄𝒖𝒎𝒆𝒏𝒕 𝒂𝒓𝒆: Invitation to Tender Instructions to Bidders Scope of Work Technical Specifications Bill of Quantities Contract Terms and Conditions Bid Form Tender Submission Requirements Evaluation Criteria Project Schedule Drawings or Plans These components provide bidders with essential information about the project requirements, terms of engagement, evaluation criteria for selecting a contractor, and other pertinent details necessary for submitting a competitive bid proposal.

Mega Project Contract awarded by direct negotiation The best, optimal value for the intended works, or ... The tender process for any construction work starts with a call for bids/offers from specialized companies. It can be, usually as open or selected. When only one company is chosen to negotiate with it for the execution of the work, then there is no question of a tender process, but of a direct bargain through negotiations. Who outwitted whom? Taxpayers pay the full price anyway!

Essential volumes you need to receive for proper bidding: 1️⃣ Invitation to Tender (ITT) 2️⃣ Bill of Quantities (BoQ) 3️⃣ Drawings 4️⃣ Specifications 5️⃣ Contract Conditions Make sure you have all the necessary information for a successful bid. Having these documents will help you understand the project requirements and submit a competitive proposal. Don't miss out on any of these essential volumes! #constructionbidding #projectproposals #contractingdocuments

#BID: A bid is a formal offer submitted by a contractor to undertake a specific construction project. It outlines the proposed costs, timeline, methods, and resources required to complete the project according to the specifications and requirements provided by the project owner or client. The bid includes detailed estimates of labor, materials, equipment, and overhead costs, as well as any other relevant information that demonstrates the contractor's ability to successfully execute the project. The bid is an essential part of the competitive bidding process, where multiple contractors compete to win the contract by presenting their most competitive and comprehensive proposals. #Bidding #Contract #Construction #Connections #Civilengineering #Project #Linkedin

𝑸𝒖𝒊𝒄𝒌 𝒈𝒖𝒊𝒅𝒆 𝒕𝒐 𝒄𝒉𝒐𝒐𝒔𝒊𝒏𝒈 𝒕𝒉𝒆 𝒓𝒊𝒈𝒉𝒕 𝑭𝑰𝑫𝑰𝑪 𝒄𝒐𝒏𝒕𝒓𝒂𝒄𝒕: 🔍 Consider project scale, complexity, design responsibility, risk allocation, payment method and delivery 📝 Choose from 5 FIDIC models: Red 🔴, Yellow 🟡, Silver ⚪️, Green 💚, Gold 🟠 1. 📕 Red Book: The Red Book is your go-to when the employer is doing the design. The contractor gets paid on a measurement basis. 2. 🟡 Yellow Book: fits scenarios where the contractor takes on design responsibilities, contractor paid on lump-sum basis. 3. ⚪️ Silver Book: is ideal for turnkey projects. The contractor bears project risk and is paid a lump-sum. 4. 📗 Green Book: ideal for smaller projects, offers flexibility and simplicity. 5. 🟠Gold Book: is perfect for design, build, and operate projects. It tends to involve high capital and long operation periods. 𝘙𝘦𝘮𝘦𝘮𝘣𝘦𝘳, 𝘵𝘩𝘦 𝘳𝘪𝘨𝘩𝘵 𝘮𝘰𝘥𝘦𝘭 𝘴𝘩𝘰𝘶𝘭𝘥 𝘧𝘪𝘵 𝘺𝘰𝘶𝘳 𝘱𝘳𝘰𝘫𝘦𝘤𝘵 𝘯𝘦𝘦𝘥𝘴. 𝘊𝘩𝘰𝘰𝘴𝘦 𝘸𝘪𝘴𝘦𝘭𝘺.

It's perplexing why general contractors refrain from sharing bid results with subcontractor trades. As subcontractors, we invest significant time and effort into crafting bids for projects. It would be greatly appreciated if GCs extended the courtesy of sharing where our numbers stand in comparison to our competitors. This transparency enables us to refine our estimating process, identify any overlooked aspects, or rectify errors. I'm not suggesting divulging the identities of other bidders; rather, providing sufficient information to gauge our position without disclosing names. While I recognize bids vary due to different factors among subcontractors, fostering such transparency would ultimately benefit everyone by promoting more accurate construction estimations in the long term. Thoughts? #construction #estimation #estimators #generalcontractor #architect #engineering #builder #estimates #gc #subcontractors #trade

When we issue projects out to bid to our subcontractors, these are the items that we provide: Project Name: Project Type: Number of Units: Total Buildable: Plan Review Status: Building Plans Link: Deadline: #construction #bid #subcontractor #projectmanagement

Opening tenders: Tenders are normally returnable to the architect or project manager (sometimes to the quantity surveyor). A formal procedure should be followed for opening them to eliminate any suspicion of irregularities. No tender must be opened before the latest time for submission, and the specially-marked envelopes supplied with the tender documents are intended to eliminate accidental opening. There can be no possibility then of anyone communicating to another tenderer the amount of a competitor’s tender. As little time as reasonably possible should be allowed to elapse before opening tenders and they should all be opened at the same time, preferably in the presence of the architect and quantity surveyor and, if he so wishes, the client. In the case of public bodies, tenders are usually opened by, or in the presence of, the chairman of the committee responsible for the project.

It will be necessary to define the scope that a contractor has agreed to undertake in exchange for an ascertainable contract price. The scope needs to be defined, in the sense of being able to pinpoint the construction obligations for which the contractor has taken the risk in exchange for the contract price. The definition of what is to be built may not be fully developed and articulated in the contract documents, but this is not necessarily required in order for the contractor’s obligations to be crystallised. It is necessary to be able to determine from the contract what risks associated with the construction process the contractor has agreed to undertake. For example, a design and build contractor may agree to deliver a facility that will achieve defined performance criteria based on a limited outline design. Such a design may not contain full details as to what will be constructed, but this type of agreement will typically define what the contractor is required to achieve by reference to the performance criteria and risk allocation. It will therefore be possible to determine whether the scope that the contractor is required to build has been varied, for example by the employer changing the performance criteria. Reference: Construction Contract Variations (Michael Sergeant, Max Wieliczko)