Proposal
A detailed offer by a contractor to undertake a construction project, including terms, costs, and timelines.
A proposal is a formal offer to undertake a project, detailing the planned approach, costs, and timeline, and serves as a basis for contract negotiations and project planning.
Used in a sentence
The contractor submitted a detailed proposal outlining the scope of work, timeline, and cost estimates for the project.
Synonyms/variation
Bid
Tender
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Bid Triangulation: How Owners, GCs, and SCs Each Benefit
Bids do not live on costs alone: While costs matter, they don’t tell the whole story. A systemized three-bid approach that expands the field of candidates reveals the gaps hiding in baseline quotes and the capabilities of bidding contractors. For construction’s key players, three-bid triangulation tailors operational and cost-saving advantages to their needs. Owners maximize […]
Ounce of Prevention: Avoiding the Top 5 Mistakes of Preconstruction
In construction, the attention lavished on preconstruction pays off in a project completed on time, on budget, and of the highest quality. Preconstruction mistakes, on the other hand, can balloon into time-consuming rework, costly errors, and quality slip-ups. This article explores how the five most common mistakes of preconstruction happen, their consequences, and the solutions […]
Preconstruction Software Explained: What It Is and Why It Matters
Although the preconstruction phase is often overshadowed by the excitement of groundbreaking and building, the early planning stages of a project serve as the foundation for successful completion. During this initial phase, ideas and drawings are formed into firm plans for the new project, including ideas of how to manage risks and pull off a […]
How Digital Tools Enhance the Construction Bidding Lifecycle
Construciton bidding is not a one-and-done job: It’s a lifecycle, circulating information among owners and all levels of contractors and suppliers. Today’s bidding software helps create an orderly, standardized bidding lifecycle that eliminates confusion, streamlines bid comparisons and tracks documentation for universal, transparent reference throughout the project. This article explores the orchestration of the bidding […]
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