Speeding Up Your Bidding Process
One issue that arises from time to time when bidding out projects, is the delay in securing the actual bids themselves. The multi-faceted components of the bid process can be quite lengthy to begin with from; Developing a scope of work for underlying property issue, Inviting contractors to bid/scheduling site visits, Retrieving proposals. And within any of these functions,’ delays will more than likely happen.
One recommendation we suggest is to invite two more contractors than you need bids for. Let’s face it good vendors can be busy and not always the best at time management. We typically find that 1-2 contractors will back out of the bidding process for one reason or another. So, if you need to get the standard 3 bids for your fiduciary responsibilities, you’re left having to invite more vendors mid-stream. The consequences here is that you now must get the new bidders up to speed and they have less time to furnish a comprehensive bid. However, if you already have five bidders involved, and one or two drop out, you’re still on target to meet your deadline.