Sealed Bidding (IFB) Process Vs. Term Paper

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The majority of these expenses come in the form of extra labor costs and redesigns to fix recurring problems due to low quality.

Instead, quality, and value is of the utmost importance within the construction industry. The negotiated process allows companies to reinforce their credentials to better obtain funding. In addition, the negotiated process is more of a collaborative effort on the part of all stakeholder involved. Both the contractor and the designer are assembled earlier resulting in more efficient operations.

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Since the company is well regarded within the construction industry and possesses prior experience, the process will also be more efficient. The sealed bid process, however, doesn't allow for such a convenience. In actuality, a sealed bid process will favor the company who may not be the best available candidate. Through the negotiated process the company can create a model that best serves the interests of the team in achieving the most successful project......

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