Whether you are looking for a Tender Approval Report, Tender QA form, or a Tender Delegation of Authority template, Construction Document Templates Store review can provide you with valuable information. In addition, this article will highlight common sense guidelines for submitting construction RFIs.
Schedule of Values
During a construction project, schedule of values plays a significant role in the progress payment process. It is a comprehensive document that provides the project owner with a breakdown of the total cost of the contract and the percentage of work completed. Using this information, the project owner can verify the completion of the work and make sure that the contractors are getting paid.
It is important to ensure that the contractor has an accurate schedule of values, as failure to do so can result in a higher DRO (Days Revenue Outstanding), and may even increase the possibility of front-end loading. It is also important to keep the SOV updated throughout the construction process, as the SOV can become a reference point for other construction documents.
When preparing a Schedule of Values, most contractors will organize the components of the SOV into a chart or table. Depending on the type of project, the required level of detail may vary.
While it is not necessary for every construction job, Schedule of Values are essential for larger commercial and residential projects. They allow the architect and property owner to review the contractor’s work and ensure that the project is on track. It can also be a valuable tool for managing cash flow and tracking costs.
The construction industry is a huge interconnected web of coordination and communication. It is important to have an accurate list of values so that the contractors can get paid on time.
Tender Addendum issue
Frequently used in construction contracts, an addendum is a good way to tweak an existing agreement without having to rewrite the contract. These little gems may contain “what if” scenarios such as a rainy day or a change in ground conditions. However, there are limitations to adding an addendum. In particular, timescales may be restricted. If the contractor is in a hurry to break ground, an addendum may be necessary to ensure the job is done correctly.
There are several software options for distributing addendums to the relevant subcontractors, and each one has its own merits. For instance, a centralized system will enable clarity about the number of documents downloaded. Likewise, a well designed tool will flag packages that need attention. In this regard, Conquest is a standout.
Another great option is BidWork. This tool provides a central repository for storing all the important documents, and allows a customized approach to distributing the most important ones. In addition to the usual suspects, BidWork can issue addendums for multiple packages at once, and can also flag a package for attention. The system is easy to use, and will even provide a custom dashboard for quick access to all relevant documentation. This is especially useful for ensuring a smooth pricing experience for the main contractor.
An added bonus is that BidWork can provide an at-a-glance view of the received quotations. In addition to this, the company can also provide a targeted approach to cross-checking quotations.
Common-sense guidelines for submitting construction RFIs
Whether you’re an architect, a contractor or a project owner, it’s critical that you understand how to effectively submit construction RFIs. Failure to do so can lead to costly reconstruction work.
There are two basic functions of RFIs in the construction industry: to find missing information and to facilitate communication. The best RFIs will include the necessary context and visuals to clearly articulate the issue.
The design process for steel construction was faulty because of insufficient communication between an architect and a steel fabricator. A series of RFIs focused on trusses’ connections and the dimensions of welds.
An architect’s response to an RFI should be clear and specific. He or she should also provide an example of the problem and a possible solution.
The average cost of reviewing and responding to construction RFIs was $1,080, according to a Navigant Construction Forum study. The organization studied the responses to one million RFIs on 1,300 major construction projects.
In the most common scenario, a client receives hundreds of RFIs. Using a standard RFI format can help reduce frustration. It will also help the project move forward smoothly.
Keeping RFIs simple is key. You don’t want to be misunderstood. If your design documents don’t address the question, you might not get a response.
The Navigant Construction Forum offers a free construction RFI template. It includes a project name, an overview, a project ID, a drawing ID, an RFI number and all the necessary elements in a single page.