Make sure to allow for inflation in cost estimates.
Particularly allow for large increases in raw material costs (e.g. stainless steel, copper).

This is important in the tender preparation process. You don’t want to offer a fixed price and find that your material costs go up dramatically.

It is common to put a clause in your contract/offer conditions that allow for price increases on certain parts of your work if the material costs increase above a set percentage.

Tagged with: conditions • Cost • estimate • inflation • materials • Tender

Filed under: Contract • Cost • Tender

Clarify the terms and conditions with the new project manager.

If the client changes during a project (or the client project manager changes), then you as the project manager should make sure to clarify all the contract terms and conditions, deliverables, and scope with the new client or client’s project manager.

Obviously the scope will need to be clarified, but it is also important to go over with the new client or project manager all the finer details of the contract to avoid any uncertainty or surprises on their part.

It is not ideal just to let them read the contract. Good communication is important and a proper discussion of the existing terms will make a smoother business relationship.

Tagged with: Client • Communication • conditions • Contract • deliverables • details • Scope • terms

Filed under: Communication • Contract • Documentation