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By VOLOCO LLP, Oct 31 2019 12:57PM
Dedicating the required amount of effort and investing in reviewing tenders before committing to submit is a proven strategy to identify, manage and reduce risk, potentially saving you wasted time and effort in the tendering process and even more significantly from entering into a deal that may be a bad one for you.
Knowing what to look for and where to look for it is something that is gained with experience and varies by project and the proposed contract. Below is a list of the main points to consider when reviewing a tender that is received (it is not an exhaustive list).
By VOLOCO LLP, Nov 30 2018 02:19PM
Although it’s in our nature and feels right to avoid risk and uncertainty, it must be remembered that the aim of engaging in construction is to take calculated risks.
The life-blood of business is to make money by dealing with the risks which other people do not want to bear. Therefore, rather than pretend they don’t exist, we should make risks explicit so that sensible and logical commercial decisions can be taken about who should bear them.
We are soon to be launching an innovative Contractor Support service aimed at providing advice and support to individuals and companies who may be experiencing challenges or with growth and improvement ambitions.
VOLOCO LLP are developing an online portal providing access to a range of procedures, guidance and forms, learning tools, access to remote online and telephone support and face-to-face consultant time with one of our team.
If this is something that you feel would benefit you or your business and want to find out more, please get in touch by email or telephone.
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