Fridays with Vico

   

The Fridays with Vico webinars are a free, educational series geared at general contractors and owners.  Our topics range from BIM trends, to case studies and best practices, to new concepts for the industry.  

 

Winning with BIM Strategies in a Hard Bid

 

Vico Services, the professional BIM consulting services side of Vico Software, is rolling out a four-part webinar series specifically for General Contractors: Mastering the Hard Bid with BIM. The series will explore the advantages of 4D scheduling, 5D cost planning, constructability and coordination, and the knowledge base that ties cost and time to the geometry.

 

In a hard bid scenario it's the lowest bid that wins. The Owner surely is getting a great price from the bidders: a price that can be as much as 30% below projected cost. But experienced Owners know that these hard bids come with hidden costs including change orders, delays, and claims that end up costing them additional money. But even if those extra charges were to add 20% to the cost of the winning hard bid the owner has still realized a 10% saving over the original projected cost.

 

Vico Services, with other 350 successful 5D BIM projects around the world, has developed specific strategies for winning business in a hard bid world. The four-part webinar series will examine scheduling, estimating, and coordination strategies that can effectively set your company apart from the other bidders.

 

This webinar series is for you and your firm if:

 

>>  Hard bids have become the de facto bidding process in your market;
>>  You want to develop hard bid strategies quickly, but might not have time to develop a BIM;
>>  You know you'll discover change orders during the project, but you want to find them sooner;
>>  You understand that construction-caliber quantities drive a more precise schedule and estimate - you just haven't seen it in action;
>>  You want to protect your fee and believe that 4D and 5D BIM done right will mitigate project risk.

 

Part 1. Mastering the Schedule to Mitigate Risk and Keep Your Profit

 

In an environment where there are smaller projects with plenty of bidders under a hard bid edict, it's imperative that you remain competitive on your fees and general conditions. How so? At-risk General Conditions are typically 7-11% and getting skinnier in this economy. In a hard bid, if your schedule extends even just one month, you're bound to pay the whole expense. And that expense knocks up against the 7-11%.

 

How can General Contractors master the schedule, even in hard bid conditions? In this special Fridays with Vico webinar, we'll demonstrate how Vico Control can help you bid a shorter schedule, as well as manage and meet that tighter schedule. Vico Control also allows you to vet the credibility of the bids from subs with whom you'll be sharing the risk. The software and methodology gives you a much clearer, farther-forward-look at the project so you and your team can make adjustments earlier. In addition, you also gain the ability to do what-if scenarios and strategize how you will bid the job: you'll better understand how to attack the project and prepare a more competitive price based on schedule control.

 

It's counter-intuitive to think that a tighter schedule mitigates risk. But you haven't seen Vico Control, our quantities-driven, location-based, and resource-balanced scheduling solution.

 

Part 2. Mastering 5D Cost Planning for a Hard Bid Project.

 

In this webinar, we'll examine the difference that construction-caliber quantities bring to the cost plan and schedule. Cost planning allows you to build multiple iterations of the estimate linked to the model progression specification so that every change can be costed, not only in terms of dollar value but also schedule flux.

 

We'll demonstrate how you can calculate the cost of the project a a very high level of detail for the parts that are high risk, and leave it at a lower level of detail for those parts that you are subbing out.  We'll also show how to use the model's visual feedback to determine whether you included everything in your cost plan.  If an area or element is not highlighted, it's not in the cost plan!

 

We'll also demonstrate Cost Planner's markup feature that allows GCs to quickly define and refine profit margins on line items.  And the Add-On feature allows you to add non-direct cost margins such as contingency, bonding, and insurance.  Finally, you can communicate the calculated price to management, showing how the bid was developed from the baseline cost plan.  This tactic is also useful if the owner allows an open book proposal.

 

Part 3. Mastering 3D and 4D Constructability for a Hard Bid Project.

 

It's easy to think that you're done with BIM after you've run a clash detection. But in actuality, the true BIM has just begun. Not only do you need to organize objects in space, but you also have to organize the project timeline. These RFIs turn into Change Orders which greatly impact the duration and cost of your project. We'll illustrate how to best manage the coordination process to iron out constructability and scheduling issues earlier rather than later.

 

Part 4. The BIM Knowledge Base of Cost and Time Elements.

 

There's a growing database of construction elements for BIM models, but did you know that best practices illustrate that you should also have a BIM database of cost and time elements? This knowledge base permits you to build resource-loaded schedules and cost-loaded estimates. But the question remains: Do you build it or buy it?

 

In the end, it's all about building trust with the Owner by working in concert, adding value every step of the way. Doing it right the first time yields untold value. Using BIM even in hard-bid situations permits and even encourages this collaborative approach. Let's work with the hand we've been dealt and make it win.

 

The Vico Blogs contain more information on hard bids. Please review the following posts for more insight:

 

Hard Bids - Back to the Future Construction-Style

 

Reduce Project Risk with Location-Based Schedules

 

Location-Based Scheduling from the Owner's Point of View

 

Why a 4D Schedule Must Be More than a Movie

 

 

Learn from your peers with your peers at Fridays with Vico.

 

 

System Requirements
PC-based attendees:
Windows® 2000, XP Home, XP Pro, 2003 Server, Vista
 
Macintosh®-based attendees:
Mac OS® X 10.4 (Tiger®) or newer

 

 

Select Recorded Webinars

Scheduling Strategies in a Hard Bid Environment

September 11, 2009

 

Tracking Changes in Construction Drawing Sets

August 21, 2009

 

Introducing BIM for Executives

August 7, 2009

 

Vico Office for Preconstruction and Estimating Teams
July 17, 2009

 

Connecting the Conceptual Estimate to the MPS
June 26, 2009

 

BIM 501: Model-Based Estimating
May 15, 2009

 

BIM 401: Model-Based Scheduling
May 1, 2009

 

BIM 301 Webinar: New Contract Language

April 17, 2009

 

BIM 201 Webinar: 3D/4D Coordination
April 3, 2009

 

BIM 101 Webinar

March 20, 2009

 

Swinerton Builders
February 27, 2009

 

The McGraw-Hill BIM SmartMarket Report
February 13, 2009

 

Suffolk Construction and the Torrey Pines Project
January 30, 2009

 

Hensel Phelps and the Denver Justice Center
January 23, 2009

 

Trimble and Vico - Bringing BIM to the Field
January 16, 2009

 

Webcor Builders and the Model Progression Specification
December 19, 2008

 

An Introduction to Change Manager 2009
November 21, 2008

 

St. Joseph's Mission Hospital Virtual Mock-Up Case Study
November 14, 2008

 

Vico's Win the Deal Bundle

November 7, 2008

 

Vico for Concrete: Lift Drawings and More
Oct 17, 2008

 

Vico 101: An Introductory Webinar for Virtual Construction

Oct 13, 2008

 

Virtual Construction with the PCL Family of Companies

Sept 25, 2008

 

Orchestrating BIM the Vico Way

August 15, 2008