3 Ways a Quantity Surveyor Improves the Tendering Process for New Contractors
A quantity surveyor's role in building and construction cannot be underestimated. Some property developers only hire a quantity surveyor once the tendering process is underway or through. While hiring an additional professional might seem counterintuitive, especially when working with a tight budget, you need a quantity surveyor before applying for a construction tender. This article highlights how a quantity surveyor can increase your chances of winning a competitive tender.
Selects Realistic Projects
As an upcoming contractor, sifting through several tenders can be time-consuming. Thus, some contractors resort to skimming through every tender, not knowing that doing it only reduces the chances of winning. However, you can only increase your chances of winning a tender by carefully and meticulously reviewing each project in detail. A professional quality surveyor examines the information in each tender closely and only picks a project they genuinely believe you stand a high chance of success. For instance, if the only project under your belt is a duplex, your quantity surveyor might push aside the tender for a 5-storey office block. It is mainly the case if the quantity surveyor is confident that your competitor has more experience building office complexes.
Reduces Tendering Costs
Keeping operational costs as low as possible is every contractor's objective. Unfortunately, most newbie contractors think that the only time to minimise costs is after winning a tender and when construction has begun. However, it is not true because tendering costs are still a critical part of your overall operational costs. Since you tender at your own cost, a professional and experienced quantity surveyor will help you keep the costs down. Therefore, you will still have saved a tidy sum even if you do not win a project. For example, quantity surveyors use the latest costing software to save building rates. Once the rates are in the system, the surveyor spends less time preparing tenders for future projects. It means that you can bid for more projects within a limited period. Alternatively, a surveyor can pass down the cost of tendering to sub-contractors, saving you time and money.
Asks Why a Bid Failed
When a tendering bid fails, it is easy for a new contractor to move on to the next project. However, it is a recipe for failure, and most inexperienced contractors are victims. It is crucial to know the reasons your bid failed. No one is better placed to ask pertinent questions than a quantity surveyor. Since they understand the ins and outs of project costing, a surveyor will put a client to task on possible reasons why their tendering was unsuccessful. Feedback from clients lets a surveyor know how far ahead or behind you are from the competition.
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