Dedicating the requirement 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.
Procuring the work packages can make or break a construction project. Following the steps set out in this article will help reduce the risks associated with work package procurement, give you more control and ultimately improve your business performance.
Insurance in building is not only prudent, but is also most likely a contract requirement and may be a legal requirement. Some deem it a “necessary evil” and others strongly believe in the protection of their business which it provides. Regardless, any builder without appropriate insurance risks the success of their business and potentially their personal assets.