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Best Practices in Bidding Construction Projects - Webinar

  • ID: 3989318
  • Webinar
  • 90 Minutes
  • Lorman Business Center, Inc.
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Learn best practices in the construction bid process so you can achieve the best results for your company.

This topic focuses on best practices for bidding construction projects and details the essential considerations involved in this process. The presentation will analyze the different project delivery methods and the extent to which the project type might affect bidding.

The material will cover both private and public works and will highlight the important distinctions between the two, especially in the context of bidding the projects. The information will help all the primary players better understand the bidding stage of construction projects and will provide valuable insights and real-world advice that can be implemented immediately.

Learning Objectives
  • You will be able to describe the ways in which a project owner or prime contractor can improve the quality of the bids it is receiving, and how a bidder can maximize his estimating capabilities.
  • You will be able to identify and implement practical applications to improve the procurement process for your business.
  • You will be able to recognize the most important contract terms and conditions.
  • You will be able to discuss and explain the various alternative project delivery methods and how they influence the bidding process.
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Overview of the Procurement Process and Project Delivery Methods
- Bids vs. Proposals
- Bids in a Commercial Environment/ Bids in a Public Works Environment
- Common Project Delivery Systems
- Alternative Project Delivery Methods/Risk Shifting

The Procurement Process - Essentials, Options and Opportunities for Bidding
- Clear, Complete and Appropriate Contract Documents
- Constructability Review Before Bidding Occurs
- Bid Instructions/Proper Scoping

What Can an Owner Do to Increase Quality of Bidders?
- Prequalification/Minimum Experience Qualifications

What Can a Contractor Do to Maximize Estimating Capabilities?
- Calculating Accurate Costs Is Essential to Making a Profit
- Project Post-Mortems
- Invest in Software

What Bidding Practices Say About Your Construction Company
- The Short Term: Market Share and Profitability
- The Long Run: Sustained Growth and Fewer Projects
- There Is Not Necessarily a Correct Way to Bid a Job, but the Means and Methods You Utilize Can Affect Your Company and Its Reputation

Marketing Is Key
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John Darling, Esq., Hunt Ortmann Palffy Nieves Darling & Mah, Inc. Paul Rogoff, Hunt Ortmann Palffy Nieves Darling & Mah, Inc.
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This webinar is designed for construction and project managers, engineers, presidents, vice presidents, owners, architects, controllers, accountants, and contract managers.
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