On-demand: Construction Tender Essentials

About this event What do you need to know before securing the right builder for your project? The tendering process is a critical step to ensure the commercial and quality outcomes of a construction project meet your aims. It is imperative to know where the risks lie when selecting the right builder for the job. The Urban Developer proudly presents a practical guide to the essential construction, legal and commercial considerations to successfully tendering a construction project. ____________________________________________________________________________________ Course Outline 1. THE TENDER ENVIRONMENT The current tender environment - National outlook - State-by-state outlook - Outlook for the sector - Understanding the market The construction cycle - A review of construction costs for the previous year - Forecast escalation for the year ahead - Other strategic considerations Speaker: Matthew Hemming—Partner, Mitchell Brandtman ______________________________________________________________________________________________________ 2. DRAWING AND DOCUMENTATION Documentation required for a tender - Demolition contracts - Early works contracts - Construct only Early contractor involvement (ECI) - Considering constructibility issues upfront - Ideas on other methods of construction How to risk profile a project - Complexity of project types - Considering risk v potential reward Market cycle indicators - Timing - Tendering v negotiating Speaker: Paul David—Head of New Business, Hutchinson Builders ______________________________________________________________________________________________________ 3. THE TENDER PROCESS Selecting the right builder - Cultural alignment - Relevant experience - Key personnel - Financial health - EBA v non-EBA builders Obtaining the best commercial outcome - Lump sum (fixed) price - Guaranteed maximum price - Cost plus / open book - Lowest price v value for money Tendering options available - Early contractor involvement (ECI) - Single stage competitive tender - Two stage competitive tender - Value management opportunities - Conforming v non-conforming tenders Other commercial considerations - Share of savings mechanism - Early completion bonuses - Separable portions and staged handovers - Client nominated suppliers and contractors Speaker: Rob Clarke—Director, Point Polaris ______________________________________________________________________________________________________ 4. THE CONTRACTUAL PROCESS Contract types - Consultancy agreements - Demolition contracts - Early works contracts - Construct only - Design and construct - Management contracts - Operation and maintenance - Facilities management Contract and negotiation strategies - Get your risk profile right for the project - Separate legal and commercial wants and needs - Consider any contract departures in general contract conditions - Amendments - Special contract conditions - Responsibility matrix Understanding who accept what risks - Programme delays - Cost overruns: delay damages and liquidated damages - Authority delays - Latent conditions (unforeseen issues) - Defects and warranties - Design errors, omissions and discrepancies - Legislative changes - COVID-19 impacts - Industrial action - Client (design) changes - Third parties - Mitigation of risks Speaker: Jennie Baker—Special Counsel, McCullough Robertson The presentations will be followed by an interactive Q&amp;A moderated by Adam Di Marco, founder and CEO of The Urban Developer. ______________________________________________________________________________________________________ View All On-Demand Content Disclaimer The Urban Developer cannot accept any liability or responsibility for loss occurring as a result of anyone acting or refraining from acting in reliance on any material contained in this presentation.

On-demand: Construction Tender Essentials

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