ALICE helps general contractors submit bids with confidence. Our advanced construction bidding software beats competitors with features such as those highlighted below.
Beyond all that our construction bidding software is capable of, we are committed to providing an unmatched level of support for customers. Our team is here to answer questions to ensure ALICE serves its maximum potential for your benefit.
As you sift through construction budding softwares, there’s plenty to consider. From your needs to the cost or commitment, it’s important to consider the value a software can deliver. Effective construction bidding software can contribute to increasing revenue, profit, efficiency while minimizing risks, and therefore should not be quantified in terms of cost. Below, we’ve bulleted some things to consider as you compare construction bidding software.
General contractors, subcontractors, and owners with a team can benefit from advanced construction bidding software. Benefits of a construction project bidding software can include the following.
The process of construction bidding provides contractors the opportunity to plan and bid projects, and clients the opportunity to compare bids. The goal is for contractors to find projects that best match their target market and potential clients to choose the best contractor for the job. The process of construction bidding can be time consuming, hence the importance of being honest about projects worth your time to bid and utilizing project bidding software to streamline the process.
Construction bidding offers contractors the opportunity to evaluate projects and bid on those they wish to pursue. The bidding process allows contractors to perform due diligence to assess risks, costs, scope, competition, and other elements associated with a project. If the project proves worthy of your time, you can formulate a bid that outlines a formal estimate, scope, timeline, and other pertinent details.
In most cases, other contractors will be bidding on the same project so it’s important to strategize efficiency to deliver the most competitive bid. Construction bidding software can help you do just that, and more. From the professionalism displayed by the bid itself to the details, the bidding process is highly competitive and important to get right. Bidding is a more formalized process than providing an estimate. It will set up the formal contract for starting a job.
As you approach the bidding process, it’s important to be mindful about the 5 steps so you can plan accordingly. Here’s an overview of the 5 steps of construction bidding.
During the initial bid solicitation, potential clients can request a formal bid on a project. Requests can be received via Request for Proposal (RFP), Invitation for Bid (IFB), Request for Quote (RFQ), or Request to Tender (RTT). Some contractors may follow a less formal request process, but nevertheless a process should be in place. Certain information will be required in order to complete a bid. Documentation to request a bid should include details such as project specifications and plans, requirements, delivery method, special requests, and so forth.
Contractors partner with subcontractors to complete projects. During the bidding process, it’s essential to connect with subcontractors to determine who has the availability, expertise, and most competitive price to get the job done. During the bid submission process, contracts can request subcontractors submit bids including information such as overall costs, timeline, details about their business, and so forth. When the general contractor submits a bid, it will include the costs of subcontractor work. Therefore, contractors will need to have security that the subcontractor can follow through in the event the bid is won.
Clients requesting bids from contractors are usually trying to shop for the most competitive bid and package. They may also be in pursuit of the contractor that is most qualified. Understanding what is most important to the client before submitting your bid can help you win the business. Ultimately, the objective of this phase is for the client to select a bid.
Once your bid has been selected, you’ll prepare to get the contract signed. While you’ve already provided a formal bid, additional negotiations can take place before issuing the final contract.
While an unofficial part of the bidding process, project delivery can influence the overall bidding process. Project delivery is usually defined by the client before bidding starts. Common delivery methods include construction manager at risk, design-bid-build, and design-build.
What are the different types of construction bids?
Understanding various types of bids can help you best meet the clients’ needs and earn the business. The construction bid method you use can vary by project. Here are some popular construction bid methods.
Our software is designed to optimize, de-risk, and recover construction projects. Take advantage of cutting edge technology to analyze available options for inclusion in your construction bid. Our platform is the world’s first for construction optioneering, offering solutions designed for the scheduling and planning of complex infrastructure based on the information supplied by the user. Bid more projects faster with greater accuracy and more detailed plans with ALICE.
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