CDOT PIM Bid Results Oct 2020
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LaSheita, with ZoZo Group, has conducted an analysis of the bid and estimates for Public Information Management services in Colorado. She is a thought leader in the industry and interested in seeing more small businesses provide better services and succeed in this space. This analysis includes 10 months of data. In summary it shows that PIMs have left over $2.3 million dollars on the table.
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CDOT PIM Bid Results Oct 2020
- 1. Public Information Management Bid Results A brief analysis – by LaSheita, October 2020
- 2. Revised Specifications CDOT standard specifications revised fall 2019 Onboarding, graphic design, and CoTrip audit tasks expanded or added CDOT Design Engineers and Mgmt team discussed PIM should be 1% of project value Compensation method changed from lump sum to daily rate
- 3. CDOT Project Bid Tab Results December 2019 – Sept 2020 87 projects, total project values: 24 under 1 Million 46 between $ 1-5 Million 9 between $ 5-10 Million 8 over $10 Million
- 4. $2.3 million left on the table Total Project Value = $ 312,974,140 1% = $ 3.12 million Actual PIM amount bid= $ 820,506 PIM’s have left over $2.3 million on the table.
- 5. Public Information Bid Results PIM bid results of 87 CDOT projects: Above 1% = 8 .9 - 1% project value = 5 .7% - .8% project value = 12 .4% - .5% project value = 18 .2% - 3% project value = 21 0 - .1% project value = 19 Number of PIM bids less that 1% of the project valuation = 70, (%88.4)
- 6. PIM Bid vs. 1% Project Value $- $100.00 $200.00 $300.00 $400.00 $500.00 $600.00 $700.00 $800.00 $900.00 $1,000.00 STM067A-040 CC080-038 FSAC010-124 STMR200-249 BR101A-004 IM025A-048 STMM086-083 NHPPR100-303 NHPP1602-172 BR025A-046 SHER400-373 CC080-037 CR100-288 SHE094A-035 C088A-036 STR196A-001 SHE016A-043 SHE0881-031 NHPP1601-077 MTCER400-378 STA0241-065 STRR300-249 STA0504-905 FBR0343-042 MTCER200-265 BR0343-040&FBR0343-043 NHPP0502-082 ER0361-118 C0741-020 STR330A-002 STA059A-036 STR141A-044 NH0503-093 STR116A-001 CC0852-106FBR0852-108 STA0703-443 ITS070A-033 STR092A-030 PI Project Actual Bid Amount vs 1% of Project Value Winning Bid Unit Price 1% of Project Value Per Day
- 7. PIM Bid vs. the Engineer Estimate Number of PI bids equal to or above CDOT Engineers estimate = 28 Number of PI bids below the CDOT Engineers estimate = 59 %67 of the time, PIM bids are below the CDOT engineers estimate.
- 8. PIM Bid Prices lower than Engineers Estimate $- $100.00 $200.00 $300.00 $400.00 $500.00 $600.00 C0853-112 BR025A-046 ITSSW02-304 CR100-288 BR101A-004 ITSSW02-303 IM0252-473 BR2871-036 FBR0761-232 SHE0703-461 FBR0343-042 STMM086-083 HPP0501-067 SHER100-345 C0741-020 SHE0881-031 SHE072A-046 STR330A-002 SFTY2254-091 MTCER200-265 NHPP0881-030 NHPP0502-082 STA006A-067 STA0831-120 C0641-106 NHPP145A-080 STR2871-038 STA0703-443 STA0241-065 STAR100-265 STR092A-030 FSA0253-258 NH0503-093 NHPP1602-169 PWQM240-172 STR0341-101 ER0361-118 STR116A-001 STA059A-036 STR141A-044 IM0761-226 Engineers Estimate Vs. Bid Price Engineer Est. Unit Price Winning Bid Unit Price
- 9. What is PIM worth? 1% Facilitating Public Meetings Writing Press Releases Keeping the Web Updated Distributing Traffic Advisories Stakeholder Mgmt Organizing Mailings
- 10. Is this a race to the bottom?
Editor's Notes
- 12+18+21+19= 70. 70/87= %80.4
- Percentage of 59 out of 87 projects = %67.82