Hidden Costs of Manual Unit Price Contract Bidding & How to Avoid Them

A successful unit price contract bid requires the investment of both time and money. There are a number of components from reading and understanding project plans to accurately estimating the costs of materials, equipment and labor involved in a job. So proper bid preparation can mean the difference between winning a project or not. Here are some costs associated with manual bidding and how you can avoid them using ContractComplete’s construction/contract administration software:

Incomplete Unit Price Contract Bids

Forget to fill out a section or didn’t sign something, but when you noticed, it was too late? Incomplete bids can be a simple but costly mistake resulting in missing out on a project which can require tedious bid levelling to fix.

ContractComplete’s construction/contract administration software eliminates risks that come with manual bidding through automated tools so you can have peace of mind.

Poor Communication

Trying to communicate with project team members on multiple platforms? This can result in miscommunication and inaccurate information. Not being on the same page about a project leads to project errors that are both timely and financially consuming. 

Stay updated by streamlining all communication on ContractComplete’s construction/contract administration software. Answer questions on the platform, send out addenda, change the bid and make sure all parties are notified about project changes and updates. 

Unit Price Contracts & Excel Spreadsheets

Using Excel Spreadsheets is a messy and time consuming method, especially for a unit price contract.

Stay organized with ContractComplete’s construction/contract administration software by efficiently compiling project information into one platform.

Lack of Transparency

Consultants want projects to stay on track in a fair way. Manual bidding can lead to one-sided and untracked decisions. 

ContractComplete’s construction/contract administration software ensures a fair bidding process by allowing the consultant to stay in charge. Ensure project changes can’t be made unless there is an agreement between all parties. 

Stop losing projects from manual bidding and find out how ContractComplete’s software can help your team. Reach out for a free demo today!

Sean has a Bachelor of Science in Mechanical Engineering from the University of Toronto. He is the General Manager at Geoscape Contracting, and has been actively managing projects in the land development industry for over 10 years. He realized in 2015 that there must be a better way to do contract administration in order to minimize mistakes and save contractors and consultants time on their paperwork. He's a father, an entrepreneur and habitual crossfitter. He enjoys roasting coffee beans and uses the pour-over method to brew his daily cup.

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