Real‑Time Bidding

Real‑time bidding makes construction pricing transparent, competitive, and faster. Start by defining outcomes: area, specs, standards (IS codes), warranties, safety, and milestones. Build a scope pack with drawings, an itemized BOQ with measurement rules, brand/spec lists, QA checkpoints, and a progress‑lin Prequalify vendors for legitimacy (GST/PAN), relevant experience, QA/SHE culture, capacity, and references. Invite two rounds: Round 1 for technical plus commercial with fully filled BOQs and method statements; Round 2 after clarifications with a refined BOQ for final prices and value engineering. Evaluate apples‑to‑apples using a weighted matrix: commercials, technical fit, schedule, risk, and warranty. Normalize for exclusions and check reasonableness of key unit rates. Negotiate with data, aligning on inclusions like scaffolding, protections, curing, debris removal, and brand equivalence. Lock safeguards in contract annexures: drawings, BOQ, specs, ITP/QA, safety plan, baseline program, variation rules with unit rates, retention, performance security, LDs/bonuses, and warranty periods. Control changes via RFIs and addenda; measure progress jointly; approve concealed works at hold points. Close with punch list zeroing, as‑built dossiers, warranties, and reconciled final bills. Common pitfalls: vague BOQs, hidden exclusions, lowest‑price bias, weak QA/SHE, and open‑ended payment terms. A disciplined, data‑driven process consistently delivers cost, time, and quality.