SAVCON

RFP and Bid Management

On this page, we will explain what RFP and Bid Management entail. A request for proposal (RFP) is a business document that announces a project, describes it, and solicits bids from qualified contractors to complete it. Most organizations prefer to launch their projects using RFPs, and many governments always use them. When using an RFP, the entity requesting the bids is responsible for evaluating the feasibility of the bids submitted, the financial health of the bidding companies, and each bidder’s ability to undertake the project.

Key Takeaways for Request for Proposal (RFP)

A request for proposal (RFP) is a project announcement posted publicly by an organization indicating that bids for contractors to complete the project are sought. The RFP defines the project, for the company that issues it as well as the companies that respond to it. The RFP describes the project, its goals, and the organization that is sponsoring it and outlines the bidding process and contract terms. RFPs are used by most government agencies and many private companies and organizations. The alternative is a less formal process that may fail to identify the best vendor and the best plan for accomplishing a project.

Benefits of an RFP

An RFP is, in part, an advertisement. It announces that a project is proceeding and opens the door to qualified candidates who can get the job done. In government, the RFP has been adopted as a way to ensure that cronyism is removed as a factor in the rewarding of contracts. It also opens up the process to competition, which can be expected to keep project costs lower. The alternative to an RFP is a less formal process requiring a project manager to research and identify potential vendors for a project. Depending on how exhaustive the search is, the potential responses can be limited. New vendors and innovative answers may be less likely to be uncovered.

RFP and Bid Management by SavCon

SavCon’s experienced and diverse estimating and bidding team manages the entire procurement and bidding process. At all phases of this process, the team is tasked with exploring all value engineering (VE) options and ways to bring construction projects in under budget and ahead of schedule. SavCon utilizes a multitude of comprehensive project management software systems that allow us, as the builder, to manage the entire bidding process from bid package creation to bid award. Before completing and submitting all Requests for Proposals (RFPs), we always refer back to our historical experience to analyze various metrics. Budget, quality, and schedule are properly assessed for your specific project.

Let’s work together TO BUILD YOUR DREAM PROJECT TO DESIGN YOUR PROJECT ON TIME AND UNDER BUDGET TO CREATE VALUE THROUGH DISRUPTIVE INNOVATION TO UNDERSTAND YOUR CONSTRUCTION NEEDS TO BUILD A LASTING RELATIONSHIP SO WE CAN MAKE YOUR CONSTRUCTION NEEDS A REALITY

READY TO TALK?

WE ARE THE CHANGE YOU NEED TO BUILD YOUR PROJECT

New York Office
430 Park Avenue 12th Floor
New York, NY 10022

South Florida Office
320 Pine Street
West Palm Beach, FL 33407

Home
Overview
Leadership
DEI
Culture & Safety
Philantrophy
Careers
Media
Contact

Projects
Commercial
Education
Government
Ground Up
Residential
Retail + Restaurants

Pre-construction
Construction Planning
Construction Budget
Permitting
Construction Scheduling
MEP Analysis
Construction Logistics Planning
Construction Procurement

Delivery Methods
Design-Bid-Build
Design-Build
Master Services Agreement

Construction Management
On-Site Supervision
Construction Project Close-out
Construction Design Management
Construction Cost Management
Construction Quality Management
Construction Project Management
Construction Safety management
RFP and Bid Management

Other Services
Owner’s Representation
Sustainable Construction

GENERAL TERMS & CONDITIONS | PRIVACY POLICY | DISCLAIMER