My Project Management Lessons » Procurement http://www.myprojectlessons.com Lessons learned in Project Management Sat, 28 Nov 2009 02:34:57 +0000 en hourly 1 http://wordpress.org/?v= Low Bids by Contractors http://www.myprojectlessons.com/2008/11/low-bids-by-contractors/ http://www.myprojectlessons.com/2008/11/low-bids-by-contractors/#comments Wed, 05 Nov 2008 09:22:00 +0000 michael http://www.myprojectlessons.com/?p=76 Related Posts
  1. Tight Schedules
  2. Unreasonable Project And Construction Schedules
  3. Risk Activities
]]> Be wary of low bids by contractors.

Get a number of bids. Compare and check why a low bid is so low.
If a low bid is accepted, be especially careful in your documentation, communication, contract conditions, and liabilities.

Be aware that by taking the lowest bid (especially if it is significantly lower than the others) you will be increasing the risk that the contractor won’t be able to deliver to the quality and schedule you require.

Related Posts

  1. Tight Schedules
  2. Unreasonable Project And Construction Schedules
  3. Risk Activities
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