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Construction Bid Template

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Construction Bid Template

Construction Bids Drawings

Bloomberg

Construction Bid Template

A construction bid template is the required document on which construction companies present their formal bid in their effort to win a project. Without the construction bid template, the entire process in selecting a general contractor to take on the construction process would be changed and its legality questioned.

A construction bid template is required for any project, regardless of the building method used. In the traditional method of selecting a contractor, an architectural firm is hired by the property owner to develop a design for the building or project. Once that design is completed and approved by the client, the architect then puts the design out for bids. While the architect may want to know more information about a contractor than their price, the bottom line is the primary reason for the selection of most primary contractors. In some cases, the bid is the only thing that is presented and the lowest bid gets the project.

While construction bid templates carry the all-important bottom lines, there are other factors, beyond the simple baseline price that can determine a project winner. With the design-bid construction method, construction project bids cover more than just the price to complete a building. The design-build method combines the architect and contractor as a unified team, where they present not only their price to build the project, but their architectural design as well. Design-build construction project bids include an all-inclusive price, including the cost of design and construction.

There are a number of different ways to take part in the process in today's construction industry, but each can be effective and meet the needs of the client. A construction bid template is needed in all of them.

Construction Project Bids

Construction project bids are the basis on which many construction companies are hired to serve as the primary contractor on a project. Without construction project bids, there would be no way to establish the overall cost of a project, which would throw the project and the contractor-client relationship into chaos.

In the traditional method of selecting a contractor, an architectural firm is hired by the property owner to develop a design for the building or project. Once that design is completed and approved by the client,the architect then puts the design out for construction contract bids. While the architect may want to know more information about a contractor than their price, the bottom line is the primary reason for the selection of most primary contractors. In some cases, the bid is the only thing that is presented and the lowest bid gets the project.

There are other types of construction project bids, beyond the simple baseline price. With the design-bid construction method, construction project bids cover more than just the price to build a building. The design-build method combines the architect and contractor as a unified team, where they present not only their price to build the project, but their architectural design as well. Design-build construction project bids include an all-inclusive price, including the cost of design and construction. Design-build supporters believe this method is not only more efficient, but leads to lower costs as well.

The construction manager at-risk (CM at-risk) method is another way construction project bids are submitted. Under the CM at-risk method, the contractor and architect operate separately, but the contractor is involved in the process from the beginning and serves as liaison for the client dealing with the architect. CM at-risk bids are not blind, and the client can select whichever contractor he believes is best-suited to handle the project. The contractor's bid comes in the form of the guaranteed maximum price, which states the cost of pre-construction services and the construction process itself will not go over a certain total.

There are different ways to submit construction project bids in today's industry, but they must be effective and must met the needs of the client.

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