This presentation focused on best practices for receiving the best price, not necessarily the lowest bid for construction projects. The biggest factor in ensuring best price is having a proper specification as a tool to use during the bidding process. The discussion began by explaining the basic methods of specifying, how to draft a specification, the project manual concept and closed with best practices for bidding.
This was a very timely topic and interest was high. Key questions and discussion from the audience included:
· What is “pent-up” demand and how is it affecting bidding?· How many bidders should be invited to bid a project?
· Sealed bids vs. informal quotes
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This webinar was hosted by Building Construction Technology Educational CenterSM, a Division of StructureTec. They will be hosting a Building Envelope Forum in Detroit, MI on February 18th, 2015 covering a wide variety of topics pertaining to facility management. Please click here for more information on the topics.