The global construction industry is one of the most lucrative and competitive. To successfully bid on projects, construction firms must run an efficient operation, one that is proactive about safety and sustainability, and flexible enough to respond to evolving industry demands. ...
A good bidding strategy will increase your probability of landing the best projects and clients successfully. If your construction bids are hit or miss, you will not get as much work as you want. To come up with winning bids, you need to understand theconstruction processand refine your appro...
Bid security is most often required on public projects or large or complex private projects. While it is frequently requested from general contractors in aninvitation to bid(ITB), GCs also may require bid security from their subcontractors during contractor procurement. ...
For projects that are privately funded, construction bonds create a smooth transition from financing pre-build to permanent financing. For public projects, construction bonds support contractors' prequalification, payment protection for subcontractors and contract completion protection. Gallagher is here to ...
Engineering, Procurement and Construction, also known as EPC, refers to a specific type of contracting arrangement or project delivery method that is often used for large-scale infrastructure work, industrial facilities, power plants, and other complex construction projects. ...
EPC Company provides services of engineering, procurement, construction, commissioning and start-up projects in oil & gas, electricity, industries, infrastructure sector.
bid/no-bid decisions;construction projects;bidding practices;Saudi Arabia 1. Introduction The construction sector has played a vital role in Saudi Arabia’s economic growth. According to the General Authority for Statistics [1], in 2022, the sector contributed 4.8% of Saudi Arabia’s overall gross...
Sign the contract:In most design-bid-build projects, the procurement process can finally begin after the GC is hired, as they are responsible for acquiring materials and specialty services. In most cases, the GC can sign with their trusted supplier, but when it comes to unique, more complex...
2) design - construction contracting is also suitable for small projects. Small companies can provide design - construction general contracting services to owners. Small projects are easier to succeed. A company without a general contract experience can start with a small project and provide design ...
Permitting can be a complex, often unpredictable process that requires thoughtful planning and attention to detail. By staying ahead of potential setbacks and maintaining strong coordination across the entire project team, general contractors can tackle hurdles that arise and keep their projects on schedu...