Construction tenders are technical documents that set out the scope of work, schedule, and cost for a construction project. They are usually written by architects or engineers familiar with the construction process and the project's specific requirements. As a result, construction tender writing can be complex.
However, if you're a business owner considering bidding on a construction project, you must take the time to understand the tender draft to make an informed decision about whether or not to proceed with the project. To help you out, we've compiled a list of five things that you should know before writing a construction tender draft. Take a look.
Know Your Scope of Work
The scope of work is a detailed description of all the work that needs to be done to complete the project. It sets out what will be included in the project and what will be excluded. It's important to clearly understand the scope of work because it will determine how much time and money you will need to complete the project. If you're unfamiliar with the scope of work, we recommend you consult an architect or engineer who can help you understand it.
Understand Your Budget
Before you start writing your construction tender draft, it's important to have a clear understanding of your budget. The last thing you want is to submit a bid that's too low and end up losing money on the project. On the other hand, if you submit a bid that's too high, you may price yourself out of the competition.
Consider Your Schedule
You'll need to factor in the project's duration and any potential delays during construction. Make sure to build some flexibility into your schedule to accommodate unforeseen delays.
Review Previous Tenders
If this isn't your first time writing a construction tender draft, reviewing previous tenders you've submitted is worth it. This will give you a good idea of what worked well and what didn't work so well in previous projects. You can then use this knowledge to improve your current tender draft.
Get Help From Professionals
Suppose you're not familiar with construction or contract law. In that case, it's worth getting help from a lawyer who can advise you on legal matters related to the tender process. Similarly, if you're not comfortable drafting the financials for your bid, we recommend getting help from an accountant or tenders NSW experts who can assist you with this aspect of the tender process.
Final Word
Writing a construction tender draft can be daunting, but it's important to take the time to understand the process and the project's specific requirements. We hope the above tips were helpful.
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