Course description
In Creating Successful Bid Proposals , you'll learn ...
- Selection of common methods of measurement and their consequences
- Selection of common methods of payment and their consequences
- Unique alternatives to these common methods of measurement and payment
- A basic understanding of the reviewing for balanced bids
Overview
Credit: 2 PDH
Length: 15 pages
Engineers routinely design and bid projects. The Bid Proposal Form, which summarizes how the contractor will be compensated, becomes a major factor in the tone for the working relationship between the engineer/owner and the contractor. By considering variations on how items can be measured and paid, the engineer may create more win-win conditions between the owner and staff, the contractor and the contractor's material suppliers. This course covers some basic techniques as well as unique alternatives and describes some typical results that can be expected when using these bidding parameters.
This course will have relevance to any engineer that creates bid documents. The examples in the course relate to earthwork construction, but most any work that can be expressed for bidding purposes can be substituted into this material.
Prerequisite knowledge required to complete this course: The engineer should have a basic understanding of the bid creation process, reviewing bids received, and involvement during the contractor's execution of the work.
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Certificate of Completion
You will be able to immediately print a certificate of completion after passing a multiple-choice quiz consisting of 10 questions. PDH credits are not awarded until the course is completed and quiz is passed.
Training content
This course teaches the following specific knowledge and skills:
- Selection of common methods of measurement and their consequences
- Selection of common methods of payment and their consequences
- Unique alternatives to these common methods of measurement and payment
- A basic understanding of the reviewing for balanced bids
- The necessity for Change Orders and how they can be minimized through the measurement and payment choices
- How to reduce cash-flow problems for the contractor through timely payments
- How extending existing line items may reduce negotiated extras, and why that is important
Costs
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