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Podcast: The Real Estate Espresso Podcast
Episode: How To Evaluate A Subcontractor Bid
Description: On today’s show we are talking about how to evaluate a bid from a subcontractor.
If you follow the procurement method used by most government departments, in the US and in Canada, the process makes sense.
Everyone needs to meet the minimum requirements. For all those who meet the minimum requirements, the purchaser will select the lowest bidder.
Intuitively this makes sense. But it puts the burden on the purchaser to specify every aspect that matters to the buyer.
My mentor Dr. Nido Qubein says that when the value is unclea...