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Bidding Standards

InformationWeek > IT Outsourcing > Business Technology: Don't Drive Right Past GM's Latest Idea > November 21, 2005

The construction world knows all too well the challenges of comparing scopes at bid time. There is a lot of inefficiency in the process of subcontractors bidding to prime contractors and the prime trying to match all the scopes together to make a complete project.

With standards for bidding starting to emerge in the technical world for very large contracts you will start to see changes in the construction world within the next 5 years.

General contractors, owners and CM firms should have their eye out for new standards that will change the way scopes are put together and the bidding process is managed from the new 2004 CSI Master Format to the many online bid management modules for estimating software popping up everywhere.

Subcontractors should be watching these trends as well and learning how to align their estimating systems with the new formats and systems.

There is so much lost productivity in construction from the estimating process through the construction process just because of mis-matched formats and communication standards that change is a given. Companies will either be on the cutting edge poised to take advantage of these changes or will be left scrambling to catch up.

Posted by David on November 29, 2005 10:00 AM|Permalink

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