Construction Bid Results
Construction bid results are the price totals submitted by contractors competing for a construction project or their ratings after review by the client. In some cases, the lowest bid automatically gets the project, while in others factors beyond the price tag are considered. Construction bid results can be released in a matter of hours by private companies, but can take weeks when the client is a government agency.
The traditional method is to use the design/bid/build approach, where an architect or engineer oversees the project. They handle the design, produce construction drawings, oversee bids and contracts and the building process itself. The links between the architect, the client and the main contractor are direct. In this case, the only construction bid results that matter are price.
Through construction manager at-risk method, the contractor guarantees to deliver the project within a guaranteed maximum price. Instead of simply serving as construction manager, the contractor also serves as a consultant to the owner during the design and development processes. In this case, however, the owner has more leeway and construction bid results are not entirely predicated on price.
The design-build method has been increasing in popularity over the past decade. In design-build, the owner doesn't hire an architect to design the project, then seeks bids from a contractor. In this case, the owner solicits bids from a architect/contractor teams, who develop their own designs and include complete design and construction costs in their bids. This is different from the traditional process, where the architect completes the design before the contractors put in their bids. The construction bid results here, as in the construction manager at-risk method, are not entirely based on price.
In the management procurement method, the owner holds the greatest amount of control. Instead of hiring an architect to handle the general contractor construction, or hiring a consortium, the owner oversees every part of the process. They hire the architect, the construction manager and, in many cases, the subcontractors. Proponents of this method believe it speeds up the procurement process and increases flexibility throughout the building process.
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