07 Jun PROJ 410 Week 3 DQ 1
Consider again the dream retirement home that you were building as part of the Week 2 Discussion. Assume that you are working on the request for a proposal to be bid on by some local general contractors. Using the outline of the RFP sections discussed this week, what are some specific questions or areas of detail that you would put in your RFP? What are some ways that you’d tailor your RFP to make sure that you knew if the local general contractor whom you choose will meet all of your success criteria?
You would definitely want to know specifically what services will and will not be provided in this situation. I would want to have a clear understanding of what will be provided and what the cost is so I can see that difference between contractors. I can then better evaluate my budget and whether I am on track.
I would also like to know what the contractors background is and what their experience level is in building a house like mine. I would also like to understand the talent level of the team that will be involved in my project. What is their experience and track record. I think these things would help you achieve success in getting house done on time.
Given the content of an Request for Qualifications (RFQ’s) versus a Request for Proposals (RFP), do you feel that RFQ’s and RFP’s should both be a part of a procurement process (e.g. issue an RFQ, receive responses, shortlist bidders, and then issue an RFP to the short-listed vendors) or is one of these (either the RFQ or the RFP alone) sufficient for selecting a vendor?
All the requirements for project completion are needed in the RFP in order to have a successful project. But I think the most important ones are the following: Background, Scope of Services, Management and Control, Pricing, Termination clause Contract terms, and Terms and Conditions. So, pretty much they all have major part in a project.
When selecting a general contractor, just like any other purchase you would want to do a little homework such as how long they have been in business, what type of project they have done, list all the right questions till you feel it’s the one you want, and asking abut the references.
How do you go about deciding what is the proper bid duration for your RFP? What factors might influence this decision?
In a case that a property owner wants to hire a contractor to remodel a building, what are the risks or the limitations associated with a fixed fee contract for this situation?
Sometimes things aren’t always what they seem… Sometimes a firm will issue an RFP with no intention of actually having a contractor complete the work. Instead the firm used the RFP to validate their own approach to completing the work or come up with some ideas to complete the work. If you are a potential seller, how can you effectively respond to an RFP without giving away free consulting? Are there specific questions that might be asked in an RFP that you would hesitate to answer?
assuming you were to choose the path of issuing an RFQ, and then providing to potential vendors with an RFP, what three things would you request from prospective vendors in the RFQ? What 3 things would you request from the short-listed vendors through the RFP?
Other than the things mentioned above, are there other items that you think would be needed in an RFQ or RFP to best help you decide which vendor to choose?
The optimal outcome from a well written RFP is to develop a short list of potential sellers to evaluate. One way the federal government advertises various RFPs is through the website: fedbizopps.gov. What are some other tools and techniques used in procurement management to “get the word out” about your RFP?
Please tell us more about government bid process. Do research on the internet if you must.
do you feel that the adequate selection of a contract structure, based on the circumstances in place at the time, can help you limit your risk?
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