Commercial construction projects need tons of dedication and investment. The process is time-consuming and tedious, from making decisions with the construction committee and getting approvals from the leaders to financing the project.
Once you’re done with the planning, the next step is to hire a commercial construction company that will transform your plans into something tangible. Unfortunately, there are tons of commercial construction companies to choose from. So, how can you choose the right one?
This is where construction bids come in. An accurate bid is very crucial to differentiate excellent companies from bad ones. However, how can you assess a bid to choose the right company?
Today, we’re going to share with you how to evaluate bids from the top construction companies in Atlanta.
Cheap Price Does Not Mean Best Value
A construction project, particularly commercial ones, is much more than the price of the bid. The material used, the quality of the construction, as well as the other services offered, will add to the cost of the construction project.
In addition to that, you also have to think about the company’s reputation, aside from the proposed cost of the project. You also have to consider the experience and whether or not you’ve worked with them in the past.
Compare the Bids Based on the Interpretations
It does not matter how particular you are in the bidding documents. Construction companies have some room for interpretation. Because of this, you have to compare the bids based on the quality and the material of products they’re planning to utilize.
You should not compare apples to oranges. Always compare apples to apples. This means that if a construction company plans on utilizing premium tiles in the hallway that will last for 30 years, it’s justified to have a bit higher price.
You can’t compare this bid price to a bid by a construction company that plans on utilizing low-quality materials.
Encourage the Companies to Ask Questions
You should consider construction companies as red flags if they don’t ask questions and clarify their concerns. When it comes to bidding on a commercial construction project, the way companies submit their RFIs to ask for clarification or extra details is a sign of how interested they are in the project and how well they know the results.
Have an Excellent Design
If you want to get on-point and precise bids, you need to have an on-point and specific design. You have to work out all details of the project with the designer.
Aside from that, you need to detail the methods and materials that will be used throughout the project. If you don’t offer enough information in the bid, there is a huge possibility that the contractors will deduce and assume other details
Since all construction companies will interpret the specifications in various approaches, the precision of the bids will be affected and they won’t reflect a similar project.
Aside from making the bids harder to evaluate, it will also influence the final cost of the commercial construction project.