The ability to put together an appealing construction proposal is important if you want to be awarded contracts that multiple contractors are vying for. Construction proposals typically include quotes from suppliers detailing the cost of materials for a project, proposals from subcontractors outlining scope of work, and various estimates for overall labor costs, taxes, and overhead. Last but not least, it must include a figure, percentage, or markup describing the contractor’s profit.
It’s a lot to account for, and many contractors find that their inability to put together an attractive construction proposal limits their ability to acquire new business. Fortunately, you don’t have to piece together construction proposals on your own. At Cotney Construction Law, our Jacksonville construction lawyers can assist contractors with invitations for bids (IFBs) and requests for proposals (RFPs)
Invitation for Bids
When a project is relatively simple or doesn’t present any clear challenges, IFBs will be issued to interested contractors. Basically, an IFB acknowledges that any contractor is likely capable of performing the required work, which means the bid will be awarded to the bidder that can complete the project for the lowest cost. Although an IFB is somewhat simpler than an RFP, it’s still a good idea to consult an attorney to ensure that your bid is submitted properly and treated fairly. If you believe a bid was unfairly awarded to another contractor, an attorney can protest the bid.
Request for Proposal
Contractors that are issued an RFP aren’t responsible for simply providing a quote or estimate, they’re being asked to furnish a comprehensive blueprint of the work to be completed. Basically, the contractor is expected to provide solutions, which means the owner is treated to a more thorough bid that helps inform their decision making process. In other words, if you can set yourself apart with an RFP, there’s a good chance you’ll be awarded the contract. Our Jacksonville construction attorneys can help you draft an RFP that catches the owner’s eye and convinces them that you’re the best candidate. An RFP should answer all of the owner’s most pressing questions pertaining to project management, building information modeling, ownership structure, experience on past projects, cost and schedule control methods, and more.
Even the most basic proposal can benefit from the expertise and experience of a construction lawyer. Our Jacksonville construction attorneys can make sure your proposal has all the necessary information to be selected.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.