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Cost Estimation and Construction BID Management Services

Cost Estimation and Construction BID Management Services

According to ICAEW Audit insights, the under-bidding tactics to win projects usually results in missing out the minute changes in project scope. Rolling the project without proper BID evaluation or risk assessment puts the stakeholders in a crisscross with no option but to extend the budget or sabotage the quality promises. OneStop AEC (OSA) has years of experience in dealing with a variety of construction projects and thus provides precise cost estimation and construction BID management services. 

Be it for large high-value projects or public sector projects, construction companies can get a lot of meaningful insights from OSA’s BID review processOur team of consultants prepares detailed pre-BID as well as BID evaluation checklist that makes sure stakeholders don’t make the mistake of emphasizing on the only criteria of awarding the project to the “Lowest evaluated BID.”  

Construction BID Management Services from OneStop AEC

After project conceptualization, pre-bidding is the very first step and probably the most important stage of a construction project. OSA’s consultants help in estimating and evaluating the BID value that is indicative of the estimated project cost with respect to the quality parameters and delivery timeline set for the project. Our services include the following: 

Project Cost Estimation

Out team of quantity estimators carry out different types of cost estimations (such as – preliminary estimation, square-foot estimation, assembly estimation, etc.) and provide accurate final estimation of the project as well as the sub-contract values for each stage of the project. 

BID Evaluation Service

Based on the project objective, budget, timeline, and other yardsticks, the team at OSA prepare comprehensive BID evaluation checklist. The checklist considers all the key elements contributing to the project such as cost, materials, brand of materials, level of quality checks, etc. 

BID Value Estimation

OSA has an experienced team of consultants that estimates the BID value either for submitting a BID or to evaluate and award the contractor proposals. This helps in the BID review process in impressing stakeholders or awarding the project to the right sub-contractors. 

Project Risk Assessment

Our project management consultants assess the potential risks, cost associated with modifications, and areas of conflicts, etc. to better judge the BID value. We also provide detailed report suggesting the measures to avoid risks and risk mitigation plans as well as processes. 

Benefits of Availing Our Construction BID Evaluation Services

Nobody wants to go back to the drawing board to alter the project scope. Our value-added BID management ensures that the BID value is aligned to the project objective. The benefits are enormous – here are a few to look for: 

  • Clear visualization of the project scope – Keeping both owner’s and contractors’ interests intact, we estimate the exact BID amount. 
  • One-document reference guide  We document all the project scope, specs, methods, permits, cost, and timeline in one document so that the project can be better evaluated and executed. 
  • Transparent and accurate cost estimation  As part of our construction cost estimation services, we ensure accurate budget planning, estimation, and pricing. 
  • Better value chain management – With our risk assessment, estimation of procurement details, and backup plans can help project teams better. 

Precise and Data-driven Construction BID Management Services from OSA

Suggesting qualification-based selection, OneStop AEC has been assisting construction firms, contractors, and stakeholders in understanding the project intent, evaluating the risks and co-creating the value. With our specialized value-added BID management consultation, we help customizing your BID evaluation criteria and contract analysis process at an all-new in-depth level. For a quick call on the process, contact us today.