CAUTION AGAINST LOW BID



CAUTION AGAINST LOW BID

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THE BIDDING PROCESS

WHAT IS YOUR APPETITE FOR RISK?

Risk mitigation shouldn’t start in the middle of construction. It should begin during the bid process, and your GC’s estimating department is the gatekeeper of that risk. Of course, the bidding process varies from one general contractor to the next within the commercial construction industry. Client’s must ask, “What is my appetite for risk?” before jumping for the lowest bid.

HOW TO CHOOSE THE BEST BID FOR YOUR PROJECT

IS IT COMPREHENSIVE?

At Wyatt Management, our estimating processes have evolved over the 20+ years of the company’s existence. Developing these processes takes into consideration lean methodologies, continuous improvement, and the merging of internal processes with technology to drive accurate bids and successful projects.

HAS IT BEEN VETTED?

Our estimating department has implemented a highly selective vetting process to ensure that our trade partners fit with our company culture of trust, efficiency, quality, reliability, and safety.

“An efficient schedule depends on the efficiency of your trade partners,” says Tim Wyatt. “Wyatt Management trade partners must be able to match our level of efficiency to ensure schedules are maintained during the project and likewise account for this in their bid proposals.”

WHAT PROCESS WAS USED?

Matched with a phenomenal trade partner network, Wyatt Management strives to provide a comprehensive and competitive bid package that mitigates risk before the project starts. From a high level, 10,000-foot view, we follow a simple “PDCA” process as follows:

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PLAN

When we receive your project, we thoroughly review and analyze all plans and supporting documentation prior to sending the project out to bid.

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DO

We harvest bids from our trade partners by posting every project through our internal estimating software and multiple external estimating platforms. We ensure that we receive a minimum of three proposals per trade.

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CHECK

At least one Project Manager and the Lead Estimator thoroughly examine every bid and compare them to internal take-offs.

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ACT

Our focus is to ensure that every aspect of the scope of your project is included within our final bid package. Our estimating team only selects the lowest bidder if they match our stringent quality and safety standards, scope, price, client requirements, and lead times.

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QUALITY BIDS

Wyatt Management strives to be totally transparent, providing a reliable bid rather than an estimate or low bid. Our vision is to build products and relationships that last a lifetime, and this all begins with the bid.

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