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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Back end Contentious, disputes‑focussed legal services, for instance representing a party in litigation... Benchmarking A method for assessing whether service quality and pricing align with prevailing market levels (where they exist) without running a formal competition. It can also be applied to track improvement or evaluate performance... Best value The obligation on every local authority to arrange for continual improvement in how its functions are carried out, having regard to economy, efficiency and effectiveness (Local Government Act 1999, s 3). This entails considering costs, securing value for money, and ensuring services reflect community needs and the authority’s priorities. See Practice Note: Best value in public procurement... Bid bond Also called a tender bond (or guarantee). Used within the tender process to secure performance by bidding contractors, most commonly on international projects...
Advantages of BIM BIM is expected to cut capital expenditure as well as the whole‑life cost of buildings. Co‑ordination and buildability issues can be resolved during design, preventing delays and extra cost if discovered during construction. The virtual model allows swift, low‑cost exploration of the effects of proposed design changes. It generates 3D imagery, making the finished asset simpler to visualise. The model can be simulated and analysed to reveal insights into anticipated running costs. Design information—such as specifications and other technical data—is embedded within the model, keeping it easy to access. ...
This Practice Note sets out the ‘two-stage tendering’ method widely adopted to procure building schemes. Many clients opt for two-stage tendering to bring a contractor on board sooner. It allows the client and the chosen contractor to collaborate in the second phase, with the contractor contributing to design, buildability and value engineering, while firming up the final price for the works. Two-stage tendering is most often applied when letting lump sum contracts, in both traditional and design and build procurement. How does it differ from traditional single stage tendering? Two-stage tendering is increasingly favoured as an alternative to the classic single stage route. Under single stage tendering, contractors submit a bid for the scheme on the basis of a design illustrated by drawings and a specification or, for design and build, the employer’s requirements and an agreed programme. After reviewing the returns, the employer selects the contractor it intends to appoint and with whom it will enter the building contract. As a result, the contractor typically has no...