Checking contractors' prices
Not all subcontractors' prices are equal
In our previous articles we discussed Selecting subcontractors for your construction project and What to include in Subcontractor pricing documentation So now you've received prices from a number of subcontractors. Which subcontractor do you choose? The one with the cheapest price? Are you sure this will result in the cheapest cost for your construction project?
Checking subcontractor quotations
It's important to carefully check and compare the prices and quotations you receive from the different subcontractors.
It's important to check the following:
Adjudicating subcontractor prices fairly
The adjudication of prices must be seen to be done in a fair manner.
A full record of the adjudication process should be kept, in case there are queries later.
Remember to add in your extra costs when evaluating the Subcontractor’s price against other prices so you’re comparing apples with apples.
Hopefully the last few articles have been useful and you will pick the right subcontractor for your project, using an appropriate contract document.
Other useful articles
Subcontractor construction contract documents
Don't save construction costs by doing this
What’s expected of your subcontractors? Do they know?
Do you want to learn how to manage construction projects successfully
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13/9/2021 09:02:09 pm
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