Construction Management’s Post

🔧 Strong supplier relationships are key to successful construction projects! Learn how timely deliveries, better prices, and collaborative problem-solving can make all the difference. #Construction #SupplierRelationships #VendorManagement

There's more to winning contracts Than just the price. In the competitive world of construction tenders, A tasty price will only draw contractors' attention for so long. To really showcase your project at its best, You also need to be emphasising the project's comprehensiveness, Its key details And the benefits that it presents. Without those factors considered, You're setting up a weak pitch to get your work off the ground. That's why Strategic Planning Co. hones in on non-price tender submissions. Not only can we help organise your tender programme in a comprehensive yet clear fashion, But we can elevate your submission to help it stand out, Allowing you to secure the teams And a greater outcome for your project!

'𝑾𝒉𝒚 𝒕𝒉𝒆 𝒄𝒉𝒆𝒂𝒑𝒆𝒔𝒕 𝒃𝒊𝒅 𝒊𝒔𝒏'𝒕 𝒂𝒍𝒘𝒂𝒚𝒔 𝒕𝒉𝒆 𝒃𝒆𝒔𝒕: 𝒂 𝒄𝒐𝒏𝒕𝒆𝒏𝒕𝒊𝒐𝒖𝒔 𝒕𝒂𝒌𝒆 𝒐𝒏 𝒄𝒐𝒏𝒔𝒕𝒓𝒖𝒄𝒕𝒊𝒐𝒏 𝒑𝒓𝒐𝒄𝒖𝒓𝒆𝒎𝒆𝒏𝒕' Cheapest bid isn't always the smartest choice. Cost-efficiency isn't synonymous with low cost. Low bids often mean low quality—compromised materials, workmanship, creativity. Plus, time lost in delays and reworks. Suddenly, 'cheap' isn't economical. Rethink procurement strategy. The focus should be on 'best value,' not 'cheapest.' The sting of poor quality lasts longer than the joy of a low price. Consider the total package—skills, experience, resources—beyond price. Your projects deserve the best fit, not the lowest bidder.

During the project construction we usually facing that some of the well priced item get to lose the profits which make them loosed items and they affect at the end the project’s profits, In a step to avoid that we have to do cost control, but how to do yhat: Here are some strategies for controlling costs associated with loose items in a project: * Develop a comprehensive list of loose items: At the outset of the project, create a detailed list of all loose items required, including their estimated costs, quantities, and purposes. This list will serve as a baseline for budgeting and tracking expenses. * Implement a procurement plan: Establish a clear procurement plan outlining how you will acquire loose items. Consider factors like bulk discounts, vendor comparisons, and lead times to ensure you get the best value for your money. * Utilize a central storage system: Designate a central storage area for loose items to prevent them from being scattered or misplaced. This will make it easier to track inventory levels and minimize the risk of loss or damage. * Employ a sign-out system: If loose items are frequently used, implement a sign-out system to track who is responsible for each item and when it is expected to be returned. This helps maintain accountability and prevents unauthorized use. * Conduct regular inventory checks: Regularly check your inventory of loose items to identify any discrepancies or potential shortfalls. This allows you to take corrective actions, such as reordering supplies or investigating potential losses, before they significantly impact your budget.

CRITICISM OF DESIGN AND BUILD PROCUREMENT: The main criticisms of Design and Build procurement are centred on the lack of control over quality of design, with little time being allocated for design development and possible compromises over quality to provide cost savings by the contractor.

The pricing game for construction contracts can be won with one word: Context. No price is ever too high if the context fits. - Is it a complex project? - What's the potential reward? - What’s your reputation worth? - What's the client's risk aversion level? Think about what value you're providing to the client and then consider: - Your margin - Your cost structures - Your competition But context shouldn't be the only factor in your costing. Consider the potential for change orders, inflation, supply chain disruptions, and other risks. So, before you ink that deal, weigh all factors, and create a pricing strategy that works best for you and your client. Remember, the goal is to create a win-win situation. Comment if you have a different view.

During the project construction we usually facing that some of the well priced item get to lose the profits which make them loosed items and they affect at the end the project’s profits, In a step to avoid that we have to do cost control, but how to do yhat: Here are some strategies for controlling costs associated with loose items in a project: * Develop a comprehensive list of loose items: At the outset of the project, create a detailed list of all loose items required, including their estimated costs, quantities, and purposes. This list will serve as a baseline for budgeting and tracking expenses. * Implement a procurement plan: Establish a clear procurement plan outlining how you will acquire loose items. Consider factors like bulk discounts, vendor comparisons, and lead times to ensure you get the best value for your money. * Utilize a central storage system: Designate a central storage area for loose items to prevent them from being scattered or misplaced. This will make it easier to track inventory levels and minimize the risk of loss or damage. * Employ a sign-out system: If loose items are frequently used, implement a sign-out system to track who is responsible for each item and when it is expected to be returned. This helps maintain accountability and prevents unauthorized use. * Conduct regular inventory checks: Regularly check your inventory of loose items to identify any discrepancies or potential shortfalls. This allows you to take corrective actions, such as reordering supplies or investigating potential losses, before they significantly impact your budget.