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10 Reasons to Negotiate netbet online sports betting Construction Project Make Hard Bid a Thing of the Past

March 1st, 2013 - By

As an Owner, one of the very first decisions netbet online sports betting face when starting a construction project is selecting a project delivery method. So, what exactly is a project delivery method? In a nutshell, a project delivery method is your initial game plan for turning your list of needs and wants into an actual structure or facility. It determines how netbet online sports betting get pricing, how netbet online sports betting hire a team to do the work, and how netbet online sports betting all work together.

Now, what are netbet online sports betting options? There are a number of project delivery formats (which we will discuss in more detail in a future post–stay tuned), but for the sake of simplicity, let’s just divide them into two main categories: netbet online sports betting and Alternative netbet online sports betting Methods, or Negotiated netbet online sports betting.

While the traditional hard bid method used to be the go-to choice for construction projects, there are a number of reasons why the negotiated approach has seen a surge in popularity and why it might be a better fit for netbet online sports betting and your project.

  1. Choice – When netbet online sports betting elect to negotiate your project, netbet online sports betting get to choose who netbet online sports betting work with based on qualifications and competitiveness, instead of relying strictly on price alone as netbet online sports betting would under the hard bid approach. In addition to choosing the firm netbet online sports betting work with, netbet online sports betting have the right to interview and meet the people from each firm who will work on your project. This is very important because while the strength of the organization is of value, in this business, it’s the people and their knowledge, experience, skill and commitment to serve netbet online sports betting that makes the difference.
  2. Partnership – In a negotiated netbet online sports betting, the Contractor is part of netbet online sports betting team and will always look for ways to add value to the netbet online sports betting. The objectives of the Owner, Architect and Contractor are aligned early in the process. In contrast, the hard bid format can produce adversarial relationships, as the Contractor must look primarily at their own bottom line since their service has been purchased as though it’s a commodity.
  3. Cost Savings – Managing your project budget begins when those critical design decisions are being made. Bringing the construction team on board early in the design process allows them to maximize value by providing cost input into design decisions. It also allows them to capitalize on early purchasing of any necessary major equipment by locking in lower prices. Additionally, under a negotiated delivery format, any savings are returned to netbet online sports betting based on contract negotiations, whereas under a hard bid the Contractor retains 100% of any savings.
  4. Shorter Schedules – Managing another major element of netbet online sports betting project, the schedule, also begins early during the design phase. Including netbet online sports betting Contractor in these preliminary steps enables them to fast-track netbet online sports betting project and start construction sooner in the process than would be possible in a hard bid situation. Using a negotiated delivery format gives the project team more time to plan for construction operations, analyze the most efficient means and methods, and identify any potential disruptions to netbet online sports betting operations and plan for them accordingly.
  5. Higher Quality – Another significant advantage of bringing the construction team on board early through negotiated delivery is that quality control efforts can begin in the design phase and continue through construction and warranty. As the Owner, netbet online sports betting benefit when your Contractor provides input into the best possible means, methods and materials for life-cycle costs. Plus, when working on a partnership basis, netbet online sports betting reap the rewards when the Contractor knows his own reputation is on the line. No construction company would want to do poor-quality work and risk losing your recommendation or potential repeat business.
  6. Fewer Changes – What’s the easiest way to minimize changes during construction? netbet online sports betting guessed it: Involve your construction team early during the design phase and prevent changes before construction even begins. Under a negotiated delivery system, your Contractor can provide invaluable preconstruction services, such as reviewing drawings for potential errors ahead of time, thereby reducing the number of changes. Fewer changes means significant savings on any project. In contrast, if netbet online sports betting go the hard bid route, netbet online sports betting run a higher risk of changes during construction, which stop progress and cost netbet online sports betting time and money.
  7. Increased Transparency – Negotiated delivery is built on the premise of a trust-based relationship between netbet online sports betting and the project team. netbet online sports betting get to see exactly how your money is being spent–not just a high-level recap, but detailed cost transactions showing where your money is going. Possibly more important than tracking expenses during construction is transparency in the preconstruction phase, which enables netbet online sports betting to see and decide where netbet online sports betting are going to spend your money before netbet online sports betting begins.
  8. Competitive Pricing – There is a common misconception that negotiating your project is costly rather than competitive. The truth is that the only thing netbet online sports betting are negotiating is the Contractor’s fees; and not only are those fees minimal relative to the overall cost of any project, but with a negotiated approach, netbet online sports betting gain the ability to negotiate fair terms for them. Another misconception is that those fees are not included in a Contractor’s cost under hard bid, and that’s not true either. With both methods, the Contractor’s fees are included in the initial pricing and all subcontractor and supplier work is procured competitively. The advantage of the negotiated approach is that the Contractor is able to manage risk on your behalf by prequalifying subcontractors and suppliers before accepting bids. As the Owner, netbet online sports betting get the best of both worlds: driving competitive pricing while maximizing quality and minimizing risk to your bottom line.
  9. Better Information – The collaborative process of negotiating allows netbet online sports betting to be much more informed about your project than netbet online sports betting would if netbet online sports betting went with the traditional hard bid method. With negotiated delivery, netbet online sports betting get to be engaged from the very beginning, telling team members what netbet online sports betting value most on your project. netbet online sports betting get more information about how your money is being spent and the value netbet online sports betting are receiving.
  10. netbet online sports betting – Everyone has their own unique definition of value. When netbet online sports betting negotiate your project, netbet online sports betting gain the ability to tell your construction team what’s most valuable to netbet online sports betting from day one. This empowers the team to provide netbet online sports betting with the most value on your project from start to finish; and that is priceless.
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