Last week Vice President of Marketing Scott Pantel explained some of the popular project delivery methods in our industry. They include Design-Bid-Build (Hard Bid), Negotiated and Design/Build. An owner often wonders how bidding vs. negotiating his or her project compares. Here are a few differences. COMPETITIVE BIDDING: - More risk for the owner and contractor - Gets low cost bids, which doesnt always equate to best value - Potentially high charges for change orders - No contractor involvement during the planning stages - Emphasizes price NEGOTIATING: - Less risk for owner and contractor - Sets up a team relationship among contractor, architect and owner - Emphasizes quality and service - Reasonable charges for change orders - Heavy contractor involvement during planning stage - Contractor and subs are chosen based on experience, reliability, and on-time completion.
Posted on: Mon, 14 Apr 2014 16:18:11 +0000
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