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Preparing the Bid Package (A Developers Perspective)

Preparing the Bid Package (A Developers Perspective). HOW DO THINGS GET BUILT??????. Project Concept and Need:. Initiation of the Project. Most construction projects are economically driven: Regions of healthy industry & manufacturing tend to foster further construction: Homes

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Preparing the Bid Package (A Developers Perspective)

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  1. Preparing the Bid Package(A Developers Perspective)

  2. HOW DO THINGS GET BUILT??????

  3. Project Concept and Need: Initiation of the Project • Most construction projects are economically driven: • Regions of healthy industry & manufacturing tend to foster further construction: • Homes • Grocery Stores • Department Stores • Shopping Malls • Public Utilities • Transportation Systems

  4. Establishing Need: Market Analysis • Opportunities are identified and evaluated through feasibility studies. • Demographic & market analyses are used that forecast future growth • Projects are then financed by investors who then: • INITIATE PROJECTS

  5. The Feasibility Study • Prelim study includes the projected preliminary estimate of the overall costs for the project. • The study includes an investigation of the project’s return on investment (ROI) • The factors are investigated such as: • Cost of job (budget) • Timeline required for completion • Market demand • Economic life of project • Projected income • Decision to proceed by developer will be based on these factors. • ARCHITECT/ENGINEERING FIRMS OFTEN OFFER FEASIBILITY STUDY SERVICES. • LET’S LOOK AT ONE!

  6. Next Step: Financing • If decision is to proceed: Financing must be secured • Developers Options: • Private investors • Borrow **Either case, there must be evidence of anticipated ROI (Feasibility Study)

  7. Design Phase 1:Conceptual Drawings & Estimates • Now it is time to determine basis of design: • engineer/architect involvement • Renderings & sketches assist potential investors in understanding the project • Determine early cost estimates & schedules • Often on a square foot basis (see handout) • Selection of site often occurs at this time Renderings: Show function & general layout of the building/project

  8. Design Phase 2: Develop Schematic(Preliminary Drawings) • Engineer/Architect necessary • Specific building features are defined • Dimensions • Floor plan • Specifications are outlined

  9. Design Phase 3: Design Development • Actual design work is performed here: • Building features, components & cladding (architect) • Site development, structural system & details (structural & civil engineer) • Plumbing, electrical & HVAC (mechanical/electrical engineer) • Final Plans & Specifications are developed • These constitute legal documents— and job can go out to bid at this point

  10. Notice To Bidders Is Issued • Announcement that design documents are available to bidders for consideration • Notice contains: • General type of project information • Size of project • Availability of plans & specifications • Time, place and opening of bids

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