When the construction documents are completed, we will re-bid the project with all of the variables confirmed to give you a final fixed contract price. This final contract price won’t exceed the previous guaranteed maximum price unless scope additions are made to the project by the owner. 100% of any savings achieved from the guaranteed maximum price are returned to the client,
A great deal of research will be performed to evaluate the most competitive and capable contractors for the project. The Douglas Company builds regionally and is focused on the multi-family and senior housing market segments, we are able to draw regionally and nationally, if desired, to get the most capable, yet cost-effective resources. Yet we also work very hard on the local contractor network for each of our projects to involve local community members and assure the best prices. Proper pre-qualification is important prior to the bidding process and our goals will be to determine which contractors are properly suited to the project from many aspects, including the size of the company, technical competence, quality of workmanship, financial capability, and integrity.
In addition, we will be attempting to create excitement in the contracting community to generate the most competitive prices and to recruit those contractors that we feel will be most competitive at this type of work. We will advertise for bidding through F. W. Dodge, CMD, and other industry sources. We post the drawings online to provide easy access for material vendors and subcontractors.
Our construction specialists are involved in the preconstruction process, particularly with constructability analysis, durability verification, and prequalification of bidders. In addition, a detailed review of the drawings occurs prior to the construction on every project to limit change orders and assure a smooth construction process, delivering on our brand promise of Peace of Mind.