Vico Services Kicks Off Hard Bid Strategies Series

Highlights BIM Advantages in a Competitive Bidding Environment


Boulder, CO - September 1, 2009 - 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 300 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.


Friday, September 11: 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.


Friday, October 16: 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.


Friday, November 13: 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.


Friday, December 11: 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




About the Fridays with Vico Webinar Program

Fridays with Vico is a free educational forum for General Contractors and Owners.  The series highlights best practices and case studies from customers, as well as showcases new product functionality and discusses industry trends.


About Vico Software

Vico Software, Inc. provides software and services to the building construction industry.  Building owners, general contractors, and construction managers use our software and our services to reduce risk, manage costs, and optimize schedules on complex building projects.  Vico's 5D Virtual Construction solutions pioneered the category of BIM for Construction, and they remain the industry's most integrated approach to coordination, quantity takeoff, cost estimation, project scheduling, and production control.  The new Vico Office product suite continues this tradition making it possible to leverage many important BIM file formats such as Revit, Tekla, and ArchiCAD.  The benefits of our solutions and services have been proven on hundreds of building projects to date.

For more information, please contact:
Holly Allison
VP of Marketing at Vico Software
Tel:    (978) 882-0170 x118 (eastern)
Skype:    reason8855

Twitter:    @letsbuildit