Understanding Bids - Pricing & Quotes
Evaluating quotes from different audio-visual vendors or contractors can be overwhelming, especially when they appear to be as different as apples and oranges.
Key Points:
- Understand the importance of scrutinizing each line item in a bid, especially when terms like "product" encompass various components. Learn how to evaluate part numbers to avoid costly discrepancies.
- Different contractors may use different terms for similar services. Learn to compare the scope of work accurately by understanding the meanings behind terms like engineering, allowances, programming, installation, and integration.
- Don't be swayed by individual line items; assess the entire project's comprehensive cost. Discover how contractors might shift costs between labor, product, and other factors.
- Infrastructure details often remain hidden in bids. Learn to ask essential questions about wires, plates, floor boxes, and expandability, ensuring your project aligns with your needs.
- Assess the quality and detail of the drawing sets included in bids. Learn how to compare drawing sets in terms of wire numbers, connector types, accuracy, and usability.
- Understand the differences in training and support offered by different contractors. Discover the varying levels of training, including duration, ongoing education, and volunteer team involvement.
- Compare warranties not just based on duration but also on response times and availability of support. Don't assume all warranties are equal; ask about the specifics.
Avoid costly misunderstandings and make informed decisions that lead to a successful AV implementation.
This video was produced in partnership with Summit Integrated Systems and is a part of a wide range of videos produced, entitled LINK.
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