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10 Things To Exclude From A Construction Bid, Proposal Or Contract
Construction Documents & Templates

10 Things To Exclude From Construction Bids, Proposals & Contracts

All construction projects begin on paper. Tied with drawings, the most important pieces of paper on a construction project are those included in the legal documents. Legal terms are found most defined in the final contract executed between a client and contractor, but even the terms and conditions submitted as part of a construction bid or proposal are critical and carry legal implications, too. This is why it’s essential that contractors understand what to exclude from a construction bid, proposal or contract. In this article, we’ll cover 10 must-know things to exclude in your next construction project.

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Pat Finnegan December 9, 2019
What Do RFP & RFQ Mean In Construction? Free RFP & RFQ Templates
Construction Documents & Templates

What Do RFP & RFQ Mean In Construction? Free RFP & RFQ Templates

The execution of a construction project heavily relies on making purchases. While it’s no mystery that budgeting and cost control are vital aspects of construction management, the actual act of making purchases is important in and of itself. Whether we’re purchasing material and equipment or contracting out a portion of our work, there’s an art and a science behind the procurement process of a project. Within this process are some common acronyms, specifically RFP and RFQ. What do RFP and RFQ mean in construction? That’s what we’re exploring in this article. We’re also giving away a FREE RFP Word template – scroll to download section!

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Pat Finnegan December 4, 2019
Procurement Strategy For Long Lead Items In Construction - A Few Tips
Construction Management

Long Lead Items: Procurement Tips In Construction & Project Management

On construction projects of all sizes, maintaining the schedule is paramount. While most projects experience some level of delay, a construction project can be heavily impacted, derailed and even cancelled when certain items in the scope don’t go as planned. This includes items with a long lead time – items that take a long time to actually get in hand. It’s extremely important that long lead items run smoothly through their entire process; from procurement to installation. In this article, we’re breaking down the procurement strategy for long lead items in construction, along with a few tips to consider!

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Pat Finnegan November 25, 2019
Importance Of Finance In Project Management - Key Terms & Processes
Construction Management Finances

Importance Of Finance In Project Management: Key Terms & Processes

We’ve said it before and we’ll say it again: money makes the world go ’round! Project management is certainly not an exception. Projects are initiated because an individual or an organization wants a certain type of work done. In turn, they’re willing to pay people to perform the work. Simple, right? At it’s core, that is the essence of finance in project management – one party wants the work done and pays for it; other parties want to do the work and get paid for it. While this is project finance in a nutshell, there are many fine details to be aware of. In this article, we’re discussing the importance of finance in project management, along with some key terms and processes to know!

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Pat Finnegan November 20, 2019

About This Topic

Articles about Requests For Quotation, otherwise known as RFQs, in construction.

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