Level:
Intermediate
TCM Section(s)
7.2. Schedule Planning and Development
9.2. Progress and Performance Measurement
Venue: 2024 AACE International Conference & Expo
Abstract: Many bidders complain about rigid and detailed requirements for schedule development and progress measurement included in the owner’s bid documentation for a fixed-price contract. These requirements are typically laid out in the request for proposal (RFP) package, covering the full gambit of expectations ranging from safety, quality and, of course, project controls.
The nature of these challenges typically stems from certain team members having a misconception about the level of detail that can or even should be asked of bidders in such a contractual arrangement. This viewpoint can often be characterized with phrases such as: “we don’t typically ask for that” or, “that seems too detailed for a lump-sum job”. This paper is going to reinforce the importance of ensuring such requirements are included in the bid documentation, while providing an additional purpose for these deliverables (schedule and progress measurement system) on fixed-price contracts, which relates to planning/assessing the payment amounts throughout the execution of the contract.
TCM Section(s)
7.2. Schedule Planning and Development
9.2. Progress and Performance Measurement
Venue: 2024 AACE International Conference & Expo
Abstract: Many bidders complain about rigid and detailed requirements for schedule development and progress measurement included in the owner’s bid documentation for a fixed-price contract. These requirements are typically laid out in the request for proposal (RFP) package, covering the full gambit of expectations ranging from safety, quality and, of course, project controls.
The nature of these challenges typically stems from certain team members having a misconception about the level of detail that can or even should be asked of bidders in such a contractual arrangement. This viewpoint can often be characterized with phrases such as: “we don’t typically ask for that” or, “that seems too detailed for a lump-sum job”. This paper is going to reinforce the importance of ensuring such requirements are included in the bid documentation, while providing an additional purpose for these deliverables (schedule and progress measurement system) on fixed-price contracts, which relates to planning/assessing the payment amounts throughout the execution of the contract.