Vendor Selection based on Performance Parameters in Construction

In general, the construction projects are executed with multiple vendor(subcontractors).

A projects success depends on how well the vendors are .

It is not about only money ,but with other set of quality parameters like below.

1.Ontime completion of work

2.Response to issues reported

3.quality of work

4.commitment of vendors on completion of work

5.Reporting blockers upfront

6.Timely reporting of the work status and getting help if support required

7. Cost of the work - whether it is high/low/average

Each of the above point has a weightage from management perspective.

Every parameter affects the project execution.

Combining all these , can give you a perspective on how you can choose your vendor.

It is better to have a system and process in place while selecting a vendor.

All the above parameters have to be considered .

Following the above will help in taking decision with quantitative and qualitative data , which leads to better decision and removes chaotic situation.

SiteExpensify implements the above process in the system and helps nicely.