Understanding Construction Tenders/Bids [#ThrowbackThursday] | Ep. 260

This episode is a re-run. It was originally published in October 2022. Crack the code of construction tenders! Uncover the secrets to crafting winning proposals and securing your place in the competitive construction market. Tune in! Our “Quantum Contract Advantage Service” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. Here's How: ⁠https://quantumcs.co/becomealegacysubcontractor⁠ Important! Before you sign your next contract, read this report on Why Subcontractors Are Going Out Of Business. Download it now - it’s Free: ⁠https://quantumcs.co/LegacyFreeReport⁠ If you want to find out more, book a 30-minute, no-obligation call with one of our contract experts: ⁠https://quantumcs.co/bookinthecall⁠. Jump on a free strategy session to see how we can help you! Timestamps: (1:39) - So tender or bid document. This is basically the document that the company who wants the work completed issues to the market (2:23) - There's the instructions to the tenderers, the bidders. This is a document. With four or five pages that list out exactly how they want to receive your bid (4:26) - The IOA or the FOA that stands for the instrument of agreement or the form of agreement (5:34) - The scope of work is basically a job description (8:02) - The order of precedence lays out the importance of the document DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have. Follow our Socials and let's get connected! ⤵️ ⁠⁠⁠⁠Facebook⁠⁠⁠⁠ | ⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠ | ⁠⁠⁠⁠YouTube⁠⁠⁠⁠ | ⁠⁠⁠⁠Instagram⁠⁠⁠⁠ | ⁠⁠⁠⁠TikTok⁠⁠⁠⁠ | ⁠⁠⁠⁠Twitter