Contract & tender review

Contract and tender reviews are critical activities for all construction contracting businesses. It is vital to fully understand the tender you are about to price or the contract you are signing.

We can review and tender or contract you receive and issue a report outlining the key issues and recommendations for items that should be accepted, those that should be rejected/qualified and where items need further negotiation. Topics typically reviewed include…

• Tender deliverables & tender programme
•  The form of contract
• Scope
• Programme
• Inflation
• Design
• Planning
• Liability
• Damages
• Nominated/named/preferred sub-contractors
• Provisional sums
• Competition
• Insurance requirements
• Geography
• Supply chain
• Team
• Document checklist
• Preliminaries
• Specifications
• Ambiguities/inconsistencies/discrepancies/divergences
• Existing/unforeseen conditions
• Assignment
• Bonds
• The legal system stipulated
• Valuation & payment

Dedicating the required amount of effort and investing in reviewing tenders and contractors 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. Making sure you review all tenders to prevent wasted time and effort and reduce risk is plain good sense. It might be something you are not able to do in-house (either through lack of experience, confidence, or time. If so, VOLOCO can provide this service for a lump sum fixed fee. Get in touch if you would like to discuss this further for a specific tender or just talk about the service generally.