How do you compare and evaluate different bids or proposals based on BOQs and schedules?
If you are a contractor, consultant, or client in the construction industry, you know how important it is to compare and evaluate different bids or proposals based on BOQs and schedules. BOQs, or bills of quantities, are detailed documents that list the materials, labor, and equipment required for a project. Schedules, or activity schedules, are breakdowns of the work tasks, durations, and dependencies for a project. These documents are essential for estimating costs, planning resources, and managing risks. But how do you use them to compare and evaluate different bids or proposals from potential suppliers, subcontractors, or partners? Here are some tips and best practices to help you make informed decisions.