Pantera Tools | Powered by Hubexo’s Post

🔎 Which type of contract should you choose? The two most popular models are time and material and fixed-price contracts. Today, we're focusing on the latter: 🔹 For what kind of projects is it the perfect option? 🔹 What are the main benefits of fixed-price contracts? 🔹 How to choose the best contractor? Read the full article on our blog! 🔗 https://lnkd.in/dwTvJS5K

DIFFERENCES BETWEEN REQUEST FOR BID, PROPOSAL AND QUOTE The difference between a Request for Bid (RFB), Request for Proposal (RFP), and Request for Quote (RFQ) lies in their purpose, scope, and the level of detail required from the vendors. Check below for a breakdown of their meanings and key differences. Like, follow, and share.

Understanding Requests for Proposals (RFPs) is a must in government contracting! But what exactly is an RFP, and why is it so important for doing business with the government? Explore the key components of RFPs and discover best practices for crafting compelling responses. https://bit.ly/3Sk7EGA GovCon Wire #GovernmentContracting #RFP #APEXAccelerator

What is a   Contemplated Change Notice. (CCN). Contemplated Change Order. (CCO). Quotation Request. (QR). Notice of Proposed Change. (NOPC). Notice of Change. (NOC). Proposed Change Notice. (PCN). Change Directive. (CD).? The above terms are names for documents issued to inform the general contractor of an intended change in the scope of work of a project. The documents typically outline the change in scope and are issued to the General contractor for pricing. So, how are they priced? Uncompetitively! Why? A contract between an Owner and a General Contractor creates a sole-source supply situation. How? The general contractor and their team of trade subcontractors are the only source for pricing changes, which means the pricing is from a sole source   

I came across a software development RFP with the following clauses in it: - Where the overall bid amount appears to be abnormally low, the bidder will be required to provide further written details of the constituent elements of the overall bid amount, justification of proposed rates or any other information considered to be relevant.   - Any failure to provide such information, where requested, may exclude the tender from further consideration… This is an important clause that highlights a crucial aspect of effective RFP evaluation. At RIKSOF, having participated in several RFPs, I’ve witnessed scenarios where: 1. Bidders sometimes submit proposals with significantly lower costs to win the contract. If one bid is incredibly lower than the rest (think 3 or more bids), indicates a disregard for essential cost elements outlined in the RFP. 2. Even with a weighted evaluation system, the financial proposal often plays a substantial role in final scoring. 3. Without a clause like the one mentioned above, the procurement team might be obligated to award the highest marks to the lowest bid.   4. The risk of project failure increases significantly, as budget requirements were not accurately anticipated during the evaluation of RFP, resulting in disputes during the execution of the project. To address this challenge, one proposed solution is to award the highest marks in financial weightage to bids that are closest to the median price point instead of the lowest bid. This encourages competition but discourages unrealistically low bids that might compromise quality of project deliverables. Would love to have thoughts and insights from procurement and RFP experts on this. #procurement #RFP #softwaredevelopment

MAIN CONTRACTORS & DEVELOPERS - YOU NEED TO READ THIS! 1. Are you or do you work for a Main Contractor or Developer? 2. Do you post on LinkedIn looking for Subcontractors? 3. Not getting prices back from ITT's? 4. Your supply chain blowing holes in your profit? 5. Your time and resources being wasted? Our brand new supply chain management software (a product of CCBD Group currently being developed) will change the game in the strength, consistency and competitiveness of your supply chain. Say goodbye to chasing Contractors and being let down, Say hello to a system which cleanses, restructures, onboards and pre-populates your supply chain in line with each upcoming project so you know exactly who you are working with at the initial stage. Pre-vetting of insurances, accreditations, case studies, references, credit and financial checks, capacity to work and acceptance to price your upcoming work? All done for you! The software will be launched later this year and if you want your supply chain at it's max potential, you can register your interest for free at info@ccbdgroup.co.uk Do what you do best, we'll take care of the rest.

The most interesting thing I have heard this week at Federal Publications Seminars Government Contracts week is that (paraphrasing) non-competitive subcontracts (subks) are the single biggest deficiency source identified during Contractor Purchasing System Reviews (#CPSRs). Curious what others think about this? My take as to what drives this: 📝 The lag between prime RFX dropping and subk RFx issuance. It takes time for programs and procurement teams to parse through requirements and flow down appropriately; this leads to a run for the bus scenario where required disclosure statements and reviews (e.g. cost analysis) can be missed or handled perfunctorily. 📝Primes choosing to throw the flowdown kitchen sink at their subks to save time and mitigate risk (or they'd like to think so). But the piper will be paid regardless. If you ask all subks to provide certified cost/pricing data or WDOs, how do you know which ones to actually expect them from? Primes simply foist manual reviews onto their subks as they need to slowly parse through what is applicable and what isn't. 📝 Primes not clearly, quickly, and accurately identifying changes in deliverables, documentation, etc. during a bid/proposal and delivery cycle. Contractors should consider where automation and document analysis can help. I'd argue that Bid/Proposal and Program Management teams receive far more attention and digital solution investment than #Procurement teams. Solutions like VisibleThread can be used by all of the above.

The United States government commits billions of dollars each year through various contracts. For businesses aiming to enter this significant market, mastering the request for proposal (RFP) process is imperative. In our latest blog, we detail the critical stages of the RFP process and provide strategic insights to assist you in successfully obtaining government contracts. Whether you're an experienced contractor or just beginning, these strategies will help enhance your competitiveness. Click below to learn more ⬇️⬇️ #RFP #usgovernment #proposals

“Streamline your bidding process with these key steps for effective bid leveling: 1️⃣ Define a clear Scope of Work 2️⃣ Use software or spreadsheets to level bids 3️⃣ Compare bids for the best outcome Accurate bid leveling ensures you make informed decisions and avoid costly surprises. 📊🏗️ #BidLeveling #ConstructionBids #ProjectManagement #BiddingStrategy”

RFI, RFP, RFQ--these acronyms may blend together when you're searching for GSA Schedule opportunities, but they all serve a distinct purpose. Learn more about RFQs and where you can find them in our blog: https://hubs.la/Q02ND4dT0 #businessdevelopment #rfq #gsa #procurement