This episode is a re-run. It was originally published in March 2023.

Feeling stuck in the tendering process? It can feel like a never-ending cycle. Tune in to this episode as we break down why tendering often feels like going in circles and how to break free.

Our “Quantum Contract Advantage System” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk.

We have done over 6,000 contract reviews and helped over 300 Construction Contractors, Subcontractors, and Suppliers across the USA, Australia, Canada, New Zealand, UK & Ireland manage over $20 billion worth of contracts.

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Timestamps:

(1:13) - What is the vicious cycle of tendering or how do you get yourself into a vicious cycle?

(2:32) - You were asked to be part of a bid or a tender

(4:14) - That's how mistakes happen, obviously, these guys made a mistake as well

(6:01) - You want to have a different acquisition channel other than bidding or tendering for work

(6:56) - The virtuous cycle is you win a project with a high margin

(8:18) - The biggest and best construction companies will win bids at a loss but they know that they can make it up in the post-award phase

DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have.

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The Vicious Cycle of Tendering in Construction [#ThrowbackThursday] | Ep. 345

Construction Secrets