Trending Articles:

Frequently Asked Questions

Q.

What is the process of bidding in construction?

The bidding process starts with listing a construction project for bidding- from there on subcontractors and businesses have their work cut out for them. Research and planning allow the company bidding to make sure that theyre up to the task and are able to provide all that is needed of them. This is followed by planning the actual bid. This is don

Q.

Which are the top construction project bidding sites?

Although there is construction projects bid software made available to contractors and bidders, there are also online websites that allow you to participate in construction bidding. One such website is construction.com which is a part of the McGraw Hill corporation. The website organizes projects on the basis of location, phase, project type, and e

Q.

Which are the major types of construction contracts?

There are four types of construction contractsCost Plus ContractsIn this type of contract, the employer agrees to pay the cost of work done plus a profit amount in terms of either a percentage or a fixed price.Lump Sum/Fixed Price ContractsHere, the employer and the contractor agree on a fixed amount for the whole project as a colelctive amount.Uni

Q.

Which are the different construction project delivery methods?

There are fout different project delivery methods: Construction Management at Risk (CMR), The Design Bid Build (DBB), Design-Build (DB), and Multi-Prime (MP). All come with their own pros and cons. If the designer is working directly with the owner, then CMR is a good option. The DBB comes with two contracts- owner to designer and owner to the cont

123