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Home Community | Fridays with Vico | Mastering the 5D Cost Plan in a Hard Bid

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Mastering the 5D Cost Plan in a Hard Bid

In an environment where there are smaller projects with plenty of bidders under a hard bid edict, it’s imperative that you remain competitive with your bid, as well as on your fees and general conditions.

How can General Contractors master the estimate, even in hard bid conditions? In this special Fridays with Vico webinar, we’ll demonstrate how Vico Services can help you with bidding strategies and tactics.

What:	Mastering the 5D Cost Plan
When:	available at your convenience
Where:	a free online webinar
Why:	strategies to win in a hard bid
How:	Register today at https://www1.gotomeeting.com/register/280647352

Vico Services, the professional BIM consulting arm of Vico Software, has developed particular cost planning strategies for hard bids. 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.

This webinar 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.

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

See highlights of this Fridays with Vico episode on the video clip below. If the content is meaningful to you and your BIM Team, please watch the entire archived movie via the link above.