B&N
5 years ago No Comments

(pronounced like the initials: bee & ehn)

So many possibilities here: Big & Nasty, Beautiful & Nice, Beans & Nachos… No, we’re referring to Bidding & Negotiation, a common part of the construction administration process. A bid is the proposed price at which a contractor offers to complete construction of a project. This price is usually based on the information included in the Construction Documents. The subsequent negotiation part encompasses the back-and-forth dialogue in which the owner or the owner’s representative (such as a designer) works with the contractor to obtain more favorable terms that better match the owner’s budget and/or the proposed construction intent. Think of it as haggling on a larger scale.