Construction Planning & Management
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Activity:
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last activity : 06 Jul 2010 08:18 PM +0000
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PREBID MEETING AND PRICE ESCALATION CLAUSE
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Consider total cost
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Inflation Cost of Materials
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Project Life Cycle Cost vs. Product Life Cycle Cost....!!!
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Liability Insurance Requirements
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Availability of clear site from hinderance
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After thorough study of Bid Document, list out all the doubts and querries and clear them in PREBID MEETING so that there will not be any unexpected burden at the time of execution of the work. PRICE ESCALATION and PRICE VARIATION CLAUSE is compulsary for the bids with a time period more than one year. If it is not there in the bid document, we should ask for this in prebid meeting. Otherwise we have to work out the tender rates depending all the issues like probable increase of material cost, taxes & duties as per govt. and local bodies, Security deposits, finance charges, safty implementaion cost, Royalty on materials like sand, aggregates, soil, stone, over heads like material testing charges, third party inspection charges, water, power, transportation, accommodation for labor and workmen, etc. |
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What ever may be the type of the contract, we have to study all the Items involved to complete the project. Evaluate all the Items in the contract direct and indirect. Detailed rate analysis to be done.
Item Rate Contract: - Study all the possibilities to access right quantities of different items provided in the Bid. It has been observed that different quantities are so adjusted that the rates for few items are good and in compensation to them few items will be of lower rates. One has to study carefully and should raise any deviation found in the pre bid meetings.
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According to me, I feel determining the costs of materials & the cost of labor is crucial in the beginning of
construction project bids. All components involved must be considered.
Forgetting to figure the cost of hinges and hardware on cabinet jobs can eat away at your profit after construction bidding....
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I feel apart from material, labor, machinery and equipment costs, overhead cost must also be considered in the bidding as stated by Mr. nand jha
A number of items on the bid must be accurate to come up with the proper number: good takeoff of unit/quantities, exact amounts of accessories, real material costs, sales taxes, well-designed crew costs, accurate labor burden, realistic production numbers, and well-thought out equipment costs. And don't forget overhead....
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yes samir one should take care of total cost but at the same time don't forget the inflation cost of materials on it because when bidding for construction project which won’t
be started for 6 months or a year. It would be better if your considering this parameter also as material costs
continue to rise during that period......
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yes thats true....cost of material increases, steel, concrete, etc. Projects was 3 months later where I have seen approximately 10-15 % increase in material costs over such cases...
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You have to divide a line in estimating a bid.. i.e whether you are bidding for a project which in turn results in a product or deliverable. Or whether the scope involves opearation, maintenance, amc, warranty and insurance components of products operational life also. Project cycle is subset of product cycle. Once you decide on your bid's scope is for project cycle or product cycle, this itself will make your problem of estimation half solved!!! |
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One has to consider all insurance required before bidding without fail. Bidding on projects for large companies or corporations requires more
liability insurance than small construction bidding companies do. One has to take care of this not only for profits but for safety first...
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Other than clauses it is also important that site is available in time free of hinderance since all investment depentd on time and project life cycle. Any change in lifecycle can create heavy financial losses |
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