..our natural “optimism bias” leads us to believe that we can do things faster and cheaper… Continue reading Best Practices – How Many Bidders Do you Need to Ensure You Receive Three Qualified Bids?
This isn’t a shortcut to procurement, you still need a scope of work, you still need a bid period, and you still need analysis. Continue reading Pre-qualified Suppliers – Eight Critical Actions for Managing Your Supplier Pool.
I was even more excited to learn that the session they had in mind for me was called, “Construction Think Tank: Exploring Construction Procurement”. Continue reading A Conference for Construction Procurement – My Special Announcement.
Trump’s order requires federal agencies to procure domestically produced goods and minimize the use of waivers (used to waive domestic procurement laws). Continue reading Buy Local – “Good” / Buy American – “Bad” How the “Trump Affect” Reveals Hypocrisy in the media.
Pemex migrated from an environment where 80% (62 Billion pesos) of it’s spend was awarded under no-bid contracts to one where only 30% of spend was not bid. Continue reading Procurement – A Lesson in How To Make Your Company Profitable.
Working overtime is often the go-to solution for recovering lost time in construction, but working more hours is rarely the answer. Continue reading Overtime Kills – Five Alternatives for Recovering a Late Construction Schedule
Prior to committing to a contract it’s necessary to requisition funds, waiting until after a contract has been signed to know the full cost can be problematic. Continue reading Control Estimates – Six Critical Steps for Reducing Risk in a Cost Plus Contract