DESIGN-BUILD BUDGET PROPOSAL TO GUARANTEED MAXIMUM PRICE CONTRACT
THS Constructors, Inc., Greenville, SC works with our Client and our design team to define the project scope and then prepare bid packages that allow qualified subcontractors to provide accurate and competitive pricing.
SUBCONTRACTOR QUALIFICATION PROGRAM
THS’s subcontractor qualification program is a quality assurance tool that carefully evaluates each subcontractor’s ability to meet the project requirements based on safety record, previous experience with THS, reference checks, workforce capability, and financial strength to perform the work.
PROJECT COST ESTIMATING
THS estimators lead the project preconstruction process to evaluate the completeness of design, cost-reduction opportunities and constructability issues before construction begins. Subcontractor quotations are solicited, received, and analyzed to develop a detailed budget cost estimate which includes:
- Engineering/Architectural Design
- Civil/Site Work/Infrastructure
- Equipment and Installation
The budget cost estimate is compiled in our Timberline cost management system to provide the project production team with necessary data to purchase and execute the project.
PROCUREMENT WITH OPEN BOOK AWARDS
THS’s procurement strategy for major subcontracts, equipment, and material purchases includes solicitation of a minimum of three competitive prices for all major elements of the work. The THS prepared bid packages communicate scope of work, project schedule, logistics, inter-trade coordination, commercial terms, and pertinent specifications to pre-qualified subcontractors and vendors. THS then awards the work to the most qualified subcontractor at the lowest net cost price on an open book basis with our Client. Simultaneously, the selected bids are compiled into our Timberline cost management system to establish the mutually agreed upon Guaranteed Maximum Price (GMP) contract value. The GMP contract value includes costs for General Conditions as defined by the AIA Contract for Construction Management Services and the Contractor Fee which is project specific upon mutual agreement.