Low Bids by Contractors
Be wary of low bids by contractors. Get a number of bids. Compare and check why a low bid is so low. If a low bid is accepted, be especially …
Month: November 2008
Extra Budget for Complicated Design
If the project you are tendering is going to have complicated design or a design that is unusual or new to your company or industry then make sure you allow …
Risk Analysis
Do a proper risk analysis before bidding for and accepting a project. Be especially aware of “first of its kind” projects for yourself, your company, or your industry (industry level …
Keep impeccable documentation
It is important in a project to keep very good documentation. It should be complete, organised, and easy to search (not unorganised folders on lots of team members desks where …
Client or Contractor Track Record
When preparing a tender, signing a contract, or making a purchase order, be careful to check a potential client’s or contractor’s track record. They may be a known litigator. Your …