Best Practices – Contractor Overhead and Profit – Why Lowest Bids Does Not Mean Best Value.

Low-ball contractor's win bids with the intention of making up losses through change orders.

Best Practices – Advanced Payments in Construction – When Should You Allow Them?

You should bear that in mind and recognize that your payment is always a form of reimbursement.

Construction Pricing – The Three Critical Cost Categories in Every Construction Quote

Whenever you solicit pricing for construction services, you should always address these distinct cost categories.

How to solicit a Cost Plus Fee quote.

Allowing a vendor to add mark-up on top of the costs of his own resources leads to a double dip by the vendor.

How do I put together an RFP for construction manager at risk?

In a recent posting on the AIA's project delivery forum, an architect in Nebraska wanted help understanding how to solicit a quote for a construction manager at risk. His question was, "How do I put together an RFP for construction manager at risk?". In the posting, he mentions that his client specifically asked for the … Continue reading How do I put together an RFP for construction manager at risk?