The World of Commercial Real Estate According to @BCCommercial

If It's Not Written Down, It Doesn't Exist - The Importance of a Written Request for Proposal

As a Commercial Developer, Beiler-Campbell knows the importance of documentation. The saying "If it's not written down, it doesn't exist" holds true in most situations. The RFP has been a long-standing and widely utilized document in the construction industry. It provides the necessary information in order to receive an informed proposal from a consultant, subcontractor, etc.

Let's review the "key ingredients" to a well-constructed RFP:

 

 

  1. Your Complete Contact Information
  2. The Project Name
  3. Date of Request
  4. The Project Description (Brief Paragraph)
  5. Table of Contents
  6. Authorized Parties
  7. Standards
  8. Instructions to Bidders/Responsibilities
  9. Fees
  10. Permits
  11. Submittal Instructions/Copies/Form of Agreement
  12. Project Schedule
  13. Qualifications/Goals
  14. Overview/Experience
  15. Organization
  16. Completed Projects/Project References
  17. Summary Statement
  18. Non-Collusion Clause Form
  19. Insurance Requirements Form
  20. Contractors Pre-Qualification Form 

The American Institute of Architects offers these forms online for purchase and download. The Philly metro area branch is located at www.aiaphiladelphia.org. As a Development Firm, it is essential that you are properly covered by legal documentation which is complete, concise and signed and dated by authorized parties. This protection is priceless when engaging in a construction project of any kind.

Beiler-Campbell Commercial Realty is a Full-Service Commercial Real Estate Brokerage. We offer the following services to the Greater Delaware Valley, Delaware, New Jersey and Maryland regions:

  • Sales
  • Purchasing
  • Leasing
  • Development
  • Property Analysis / Market Research
  • Portfolio Analysis and Management
  • Bank Owned Properties (REO)
  • Contract Negotiations
  • Tenant and Landlord Representation

Visit our site here: Beiler-Campbell Commercial Realty for more information.

 

 

 

1 commentBeth Anne Grib • September 09 2010 12:36PM