S. S. Saucerman is a full-time commercial construction estimator and project manager for a large upper-Midwest general contractor in the US. He is also an established freelance writer and author for the construction industry, whose work spans 20 years and has now been published over 1,000 times in industry magazines and periodicals worldwide. Saucerman also taught Building Construction Technology part-time for 11 years at Rock Valley College in Rockford, IL. Since 1976, his career includes building materials sales & estimating, architectural drafting, residential building construction and commercial construction.
In many areas, the construction management (CM) has emerged as the go-to replacement for more traditionally and historically accepted general contractor-led project delivery methods, particularly regarding large governmental or institutional work.
If you have been in construction contracting awhile, you are no doubt familiar with competitive bid (CB), which is everywhere in the building industry. In fact, the majority of us who earn our living in easily accessible, highly competitive local markets have come to realize that CB is the primary — if not only —award vehicle available to us as we go about trying to fill our construction schedules.
So with so much volatility (and mistrust) permeating the construction world, it is little wonder bonding companies exist. No astute, responsible business person is going to gamble on a contractor (often unknown to them) disappearing in the middle of one of their building projects when there can be several million dollars in play and at risk.
To those not yet indoctrinated, commercial construction (CC) can appear daunting. Suddenly there are architects, engineers, liquidated damages, bonding, and a cast of wealthy business clients with short attention spans and scary-sounding law firms on speed-dial.