Get the best subcontractors for your projects with good buyout procedures.

You’ve been awarded the contract. Now the work begins for the project team to keep it within budget.

1. Finalizing subcontractors
   1. We have bid day quotes.  Are they equal?
   2. Contact the best alternatives for a complete review
   3. Don’t get additional pricing unless you had limited coverage on bid day
2. Revised proposals
   1. We want to get revised proposals from the best bidders
   2. Each one should revise so they are pricing the same scope, schedule, manpower, contract, etc.
   3. From these quotes, you can select the best subcontractors for the project
3. Treat everyone fairly – liek you would want to be treated
   1. This is not bid shopping – this is getting everyone on the same page
   2. Don’t share numbers
   3. Be upfront about your process, it’s okay to get the best deal for the project

Key Questions:

1. Do you manage your buyout process?

2. Do you have an effective system?

3. Is it fair to all parties?

4. How can you improve it?

Take-Action Items:

1. Put together a good buyout system

2. Use it for every project

3. Monitor and make improvements