CM Competition Suggested Procedure
1. Distribute drawings and specifications for student team estimate, schedule, and management plan.
2. Build scope summary and division requirements for committee members.
3. Distribute scope and division requirements to individuals charged with creating multiple "bids" from pseudo subcontracting companies for their scope of work.
4. Create gaps, overlaps, tax anomalies, and qualifications for each of the sub bids that determine a "low bid". Include bond requirements for subs over $xxx? Qualify insurance requirements?
5. Offer "turnkey" bids to analyze against separate sub and supplier bids for the same scope.
6. Committee determines best possible combination of sub and supplier bids to establish baseline price, including the insurance and bond requirements.
7. On the day of competition, student teams are presented with a last minute addenda right out of the gate.
8. The bidding process is conducted with multiple facilitators who distribute bids at timed intervals...bell? Hand signal?
9. When the last bid is distributed, student teams have ten minutes to complete their package, insert their bid amount (per a bid form), and submit.
10. Bids are accepted up to that tenth minute. All others are disqualified.
11. Initial bids are reviewed by judging panel and a determination of the top qualifiers is made based on presentation, price, and technical qualification.
12. The top five teams are notified by 2 pm next business day
13. The top five teams Prepare for Presentations Next Day
14. The presentation on the following day include presentation of overall project strategies. Our expectation would be to hear discussions of strategies to Construct, Value Analysis, Risk, Price Options to take bids without bonding capacity.
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