TENDER BID PREPARATION

TENDER BID PREPARATION

You are the Chief Estimator for a large tourist development to be built in far north
Queensland. Your team of estimators has prepared an Estimate (direct costs and
preliminary costs) of $78 million and you now must present your report to management.
Although well respected architect and quantity surveyor have prepared designs and bill of
quantities your team has identified that several final quantities may vary significantly from
quantities in the bill of quantities. Furthermore, you believe that groundworks and, in
particular excavations for the building foundation is a very high-risk element with the
potential for significant cost overruns.
In a tight construction market with only limited opportunities for contractors, you know that
management is very keen to win this prestigious, high-profile project although not having
previously worked for this developer nor having previously undertaken projects outside of
south-east Queensland.
Identify five (5) key risks associated with this project. For each, in approximately 200 words
(ie. approx. 1,000 words total), discuss the risk and provide recommendations to
management who will be determining an amount for contingency as well as the margin for
the final tender. Also consider whether the risk may present opportunities.
This assignment is worth 10% of the marks for this subject. It is an individual assignment
and so you should not copy anyone else’s work or let your work be copied by someone
else.

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