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Home / Contracts

Contracts

A toolkit for the buyers who put together tender documents, the contract administrators who carry them out and the companies that bid on tenders: what tender documents must include, how to build a technical and a commercial bid, how to adjust prices and how to administer the contract through closeout.

Guides

1What a tender looks likeThe stages, from invitation to award, and what is at stake in each.BuyersContract administratorsBidders2The tender documents: what they must includeScope, tasks, standards, deadlines, limits, special requirements and labor agreement.BuyersContract administrators3The technical bidTrack record, similar work, own and subcontracted resources, equipment and personnel.BiddersBuyers4The commercial bidPricing sheet, price analysis, payment terms, validity and conditions.BiddersBuyers5Price adjustment clausesHow to build a polynomial formula: indices, weights, base month, trigger and frequency.BuyersContract administratorsBidders6Contract administrationStart-up, daily reports, certification, change orders, claims and closeout.Contract administratorsBidders

Tools

Adjustment formulasCalculator and month-by-month indices: diesel, wholesale prices, CPI, dollar, transportation cost and Camioneros.Diesel priceGrade 3 diesel at the pump by month, province and brand.Glossary and standardsThe technical standards most cited in tender documents (API, ASME, ASTM…).Upload your tender documentsUpload tender documents or a materials list and we tell you which companies can quote it.

These are general guides based on common industry practice; they do not replace legal, tax or accounting advice for each case. Want to add a topic? Write to us.