Why you should consider using eProcurement Tools for your Construction Sourcing!

September 24th, 2020

SAMPLE CONSTRUCTION AND RELATED CATEGORY RESULTS

 

Todays post is from Ron Southard, CEO at SafeSourcing Inc.

During the period of January through October of a recent year a fortune 100  retail company conducted  a total of eighty seven  eProcurement events utilizing the SafeSourceIt™  eProcurement toolset consisting of on-line RFI’s, RFP’s and RFQ’s or Reverse Auctions. Of the eighty seven events (87), twenty five (25) were specific construction events. This represents 28.7% of all events run by this company. This did not include equipment or related products used by the general contractors to complete the construction projects such as roofing, flooring, fascia, concrete, electrical, plumbing, air conditioning and refrigeration, etc. These additional event results are shown below the construction list as in order to offer a more complete picture of the entire construction category.

Included during the general contractor bid submissions were a variety of specific line items related to the following categories.

1. Demolition
2. Site Preparation:
3. Sediment/ Erosion Control
4. Earthwork
5. Environmental and Wetlands
6. Landscaping
7. Asphalt Paving
8. Traffic Signage
9. Concrete Curb and Gutter
10. O.W. Improvement
11. Traffic Signalization
12. Storm water Management
13. Offsite Utilities
14. Water Service
15. Sanitary Sewer Service
16. Natural Gas Service
17. Electrical Service
18. Telephone Service
19. Fencing
20. Retaining Walls
21. Sight Lighting
22. UST

(Figure 2)

Construction Item Sourced and Savings %

1. Strip curtains 39%
2. Walk in Coolers 29%
3. Signage 79%
4. Graphics 35%
5. Impact Doors 60%
6. Roofing 20%
7. Fire Extinguishers 59%
8. Lighting 22%
9. Mill Work Display 40%
10. Concrete 18%
11. Cooler/Freezer Lighting 27%
12. Remodeling 17%
13. Floor Tile 67%
14. Fascia Graphics Package 28%
15. Construction site delivery – Trailers 12%
16. Storage Tanks 8%

These construction bids listed were for new construction sites and resulted in a 9.5% real price reduction from original bid submissions by the general contractors.

If you would like to read my whitepaper titled “Construction Sourcing with eProcurement Tools” please follow the link and go to the bottom of the page, or please contact as SafeSourcing Customer Services associate and ask about our “Risk Free Trail Program”.

 

 

 

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