The document discusses different types of bid proposals contractors can submit: lump sum, cost plus fixed fee, cost plus percentage overhead and profit, time and materials (not to exceed), and guaranteed maximum price. It also covers important aspects of bid preparation like specifications, bid composition, quoted price breakdown, subcontractor selection, bid checking, and maintaining relationships with vendors. Key steps in the bid preparation process include performing takeoffs, reviewing estimates, assembling bid packages, and submitting final bids while ensuring all requirements are met.
CONTRACTS, CONTAINING INFORMATION REGARDING NEGOTIATED CONTRACTS WITH ITS TYPES AND INCLUDING PICTURES RELATED WITH TOPICS, COST PLUS PERCENTAGE RATE CONTRACT, MERITS OF THE CONTRACT, DEMERITS OF CONTRACTS, DESCRIPTION ABOUT TTYPES OF NEGOTIATED CONTRACTS, TOPIC IS LINKED WITH CONSTRUCTION AND PLANNING MANAGAGMENT
Contracts provide a legally-enforceable framework for guiding any and every type of business relationship, from employment agreements to orders for parts and supplies. While these agreements are key to guiding business relationships and ventures across all sectors, getting contracts right is especially important within construction, where the ability to complete a build on time, on budget and to code hinges upon all vendor arrangements going as expected. From the builder’s perspective, contracts are also important for preventing scope creep and to reducing the risk of cost overruns they may unexpectedly have to absorb.
Construction management contracts encompass the work and/or materials required for a building project. Typically, they will address:
1)Project/deliverable specifications
2)Labor and material requirements
3)Timelines for completion/delivery
4)Compensation formula and amounts
While construction management agreements will typically include the above, they can be structured differently, with numerous types of contracts that are designed to best meet the needs of all parties under all sorts of different scenarios. Familiarizing yourself with the types of contracts that are typically in play within building projects is an important first step to optimizing all contract-related processes within construction management.
CONTRACTS, CONTAINING INFORMATION REGARDING NEGOTIATED CONTRACTS WITH ITS TYPES AND INCLUDING PICTURES RELATED WITH TOPICS, COST PLUS PERCENTAGE RATE CONTRACT, MERITS OF THE CONTRACT, DEMERITS OF CONTRACTS, DESCRIPTION ABOUT TTYPES OF NEGOTIATED CONTRACTS, TOPIC IS LINKED WITH CONSTRUCTION AND PLANNING MANAGAGMENT
Contracts provide a legally-enforceable framework for guiding any and every type of business relationship, from employment agreements to orders for parts and supplies. While these agreements are key to guiding business relationships and ventures across all sectors, getting contracts right is especially important within construction, where the ability to complete a build on time, on budget and to code hinges upon all vendor arrangements going as expected. From the builder’s perspective, contracts are also important for preventing scope creep and to reducing the risk of cost overruns they may unexpectedly have to absorb.
Construction management contracts encompass the work and/or materials required for a building project. Typically, they will address:
1)Project/deliverable specifications
2)Labor and material requirements
3)Timelines for completion/delivery
4)Compensation formula and amounts
While construction management agreements will typically include the above, they can be structured differently, with numerous types of contracts that are designed to best meet the needs of all parties under all sorts of different scenarios. Familiarizing yourself with the types of contracts that are typically in play within building projects is an important first step to optimizing all contract-related processes within construction management.
Government Contracts 101 - Understanding the Basics of Contract Types Unanet
This is the slide deck from a recent Unanet webinar. We looked at the three main types of government contracts and the new hybrids that have cropped up in recent years. Whether you are new to Government Contracting, or are a long-term GovCon, there will be a little something for contractors of all shapes and sizes and all levels of experience.
Learn more at: https://www.unanet.com/news/demand-webinars
Winning tenders / securing tenderers in a competitive construction market - N...Browne Jacobson LLP
This seminar looked at:
(1) how employers can make their tenders attractive in an increasingly competitive market, and
(2) from a supply chain's perspective, what employers are looking for from tenderers.
Unit Price
Fixed Price or Lumpsum Contract
-Fixed Price with Incentive Fee Contract
--Point of Total Assumption
Cost Plus or Cost Reimbursable Contract
-Cost Plus with Incentive Fee
Implied or Quasi Contract
Unilateral Contract
Bilateral Contract
The power point presentation describes about the Procurement- Contract Management in detail. Some important points are covered here that will help you know, why contract management is necessary.
Government Contracts 101 - Understanding the Basics of Contract Types Unanet
This is the slide deck from a recent Unanet webinar. We looked at the three main types of government contracts and the new hybrids that have cropped up in recent years. Whether you are new to Government Contracting, or are a long-term GovCon, there will be a little something for contractors of all shapes and sizes and all levels of experience.
Learn more at: https://www.unanet.com/news/demand-webinars
Winning tenders / securing tenderers in a competitive construction market - N...Browne Jacobson LLP
This seminar looked at:
(1) how employers can make their tenders attractive in an increasingly competitive market, and
(2) from a supply chain's perspective, what employers are looking for from tenderers.
Unit Price
Fixed Price or Lumpsum Contract
-Fixed Price with Incentive Fee Contract
--Point of Total Assumption
Cost Plus or Cost Reimbursable Contract
-Cost Plus with Incentive Fee
Implied or Quasi Contract
Unilateral Contract
Bilateral Contract
The power point presentation describes about the Procurement- Contract Management in detail. Some important points are covered here that will help you know, why contract management is necessary.
Procurement Management
Importance of Project Procurement Management
Procurement means acquiring goods and/or services from an outside source
Other terms include purchasing and outsourcing
Debates on Outsourcing
Some companies, such as Wal-Mart, prefer to do no outsourcing at all, while others do a lot of outsourcing.
GM recently announced plans to switch from outsourcing 90% of IT service to only 10%
Most organizations do some form of outsourcing to meet their IT needs and spend most money within their own country
Why Outsource?
To access skills and technologies
To reduce both fixed and recurrent costs
To allow the client organization to focus on its core business
To provide flexibility
To increase accountability
PM Network – Risks of Outsourcing
Boeing’s Dreamliner
Following suit and not minding risks
Vendor Issues
Misunderstanding
Information Exchange
Schedule Overruns
PM Network – The More the Merrier
More providers, more problems
Differing methodologies and tools
Service and Operating Level Agreements
Find a balance that works for the organization
Contracts
A contract is a mutually binding agreement that obligates the seller to provide the specified products or services and obligates the buyer to pay for them
Contracts can clarify responsibilities and sharpen focus on key deliverables of a project
Because contracts are legally binding, there is more accountability for delivering the work as stated in the contract
Project Procurement Management Processes
Project procurement management: Acquiring goods and services for a project from outside the performing organization
Processes include:
Planning procurement management
Conducting procurements
Controlling procurements
Closing procurements
Planning Procurement Management
Identifying which project needs can best be met by using products or services outside the organization
Types of Contracts:
Fixed Price (or lump sum)
Cost Reimbursable
Time and Material
Unit Price
Point of Total Assumption
The Point of Total Assumption (PTA) is the cost at which the contractor assumes total responsibility for each additional dollar of contract cost
Contractors do not want to reach the point of total assumption, because it hurts them financially, so they have an incentive to prevent cost overruns
The PTA is calculated with the following formula:
PTA = (ceiling price – target price)/government share + target cost
Cost Reimbursable Contracts
Cost plus incentive fee (CPIF
Cost plus fixed fee (CPFF)
Cost plus percentage of costs (CPPC)
Contract Clauses
Contracts should include specific clauses to take into account issues unique to the project
Can require various educational or work experience for different pay rights
Often includes:
Termination clause
Limitation of liability clause
Tools and Techniques for Planning Purchases and Acquisitions
Expert judgment
Market research
Make-or-buy analysis: General management technique ...
•Over 10 years of professional experience, as expert procurement professional, inventory controlling, and overseas operation.
•Participated in developing tender and contract policies according to Abu Dhabi procurement regulations 2008, Article NO.6 to improve business performance and cut cost.
•Involved in Re-engineering Procurement Process and Procedures.
•Manage multiple projects, and budget controlling.
•Suppliers sourcing & negotiation skills. Contracts performance evaluation & raw material planning.
•High potential communication and analytic skills.
Team Approach to Pricing Risk in Government ContractsRobert E Jones
Government Contract Pricing Summit 2018
Left Brain Professionals Inc.
Pricing risk requires the identification and quantification of risk. Identification of risk requires a cross-functional team to evaluate the entire contract effort. Types of risk include schedule, technical, financial, and environmental, among others. The team must accumulate their findings and communicate their assessment to the pricing manager.
Now that you’ve identified the risk, how do you price it? Spoiler alert: “Risk” is not a cost element and is not a line on the pricing proposal. So, what now?
Each type of risk is mitigated and managed differently. Those strategies have direct and indirect costs. Overtime or additional staffing may be required to address schedule risk. Outside expertise or advanced testing may be necessary to overcome technical issues. Bonds and insurance may be requested to alleviate financial and environmental risks. All of those costs must be accounted for in your price.
But what about the risk of the unknown? How do you price that? Part of the acquisition planning process involves the alignment of risk with contract type, and the negotiation of escalation rates and fee. We’ll explore the balance of risk within contract types and debunk some common myths about fee limits. Join us for a conversation designed to challenge your thought process around fee, profit, and price.
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3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
1. BIDDING AND ESTIMATING
presented by:
Victor Zhang P.E., Senior Estimator – Dragados USA
Gulf Coast Connectors
A Workshop Module of the
Bonding Education Program
U.S. Department of Transportation Office of Small and Disadvantaged Business Utilization
In partnership with the Surety and Fidelity Association of America
2. • Fixed cost contract for all materials, labor, profit, and overhead
Lump Sum
• Contract is for actual cost of labor & materials plus a fixed fee for the contractor
Cost + Fixed Fee
• Contract is for actual cost of labor & materials plus a fixed percentage to cover overhead & profits
Cost + % Overhead & Profit
• Contract has an agreed to cost for labor and materials plus a maximum dollar cap
Time & Materials (T&M) (Not to Exceed)
• Contract has an agreed to value between the contractor and the owner. This cap cannot be exceeded
GMP (Guaranteed Maximum Price)
• Contract is organized into individual scopes of work which can increase decrease within reason during execution
Unit Price
Types of Bid Proposals
It is important to
understand the
different types of
bid proposal
structures as each
type has unique
risks and
opportunities.
3. Bid Preparation
Important
information such
as bonding and
submittal
requirements as
well as applicable
government and
regulatory
requirements are
all contained in
the specifications
6. Do Homework
Consult Industry Peers
Check References
Check Online Data
Make Preparations
Make Bid Packages
Set Up Tracking System
Make Bid Comparison Sheets
Select A Vendor
Send Out Requests for Proposals
Compare Bids from Vendors
Select Best Value Vendors
Incorporate into Your Bid
It’s good practice to keep vendors in the loop on the status of bids
even after you’ve submitted your bid to the client.
Maintaining a productive professional relationship is beneficial for
everyone!
Subcontractor Selection
7. Hire Trained
Estimators
Utilize
Estimating
Software
Perform Take-
off & Pricing
Review &
Check Estimate
Assemble Bid
Package
Check All
Required
Documentation
Markup &
Complete Bid
Submit Bid
Package
Bid Preparation
Checking that all
bid requirements
are met by the
final submission is
critical!
11. • Make an Effort to Establish
Lasting Relationships with
Vendors
• De-brief After Each Bid
• Continue Estimator Education
• Incorporate Project Experience
• Create Estimating Instructions
• Create Standard Comparison
Sheets
• Incorporate Lessons Learned
• Keep Database of Past Estimates
• Log Past Sub/Supplier Quotes
Maintain
Database
Create
Standard
Estimating
Protocol
Maintain
Vendor
Relationships
Team
Development
Moving Forward
