Tender and Procurement
TRUE tenders out the project to a pool of pre-qualified sub-contractors to ensure the client receives best market rates. With TRUE’s verified openbook model the client has full access to the sub-contractor quotes and invoicing as well as the fact we can provide sub-contractor Statutory Declarations stating the trades are completing the works for the tendered amount.
TRUE’s percentage of savings model incentivises us to deliver the best result for the best cost through subcontractor negotiations.
To demonstrate we achieved ‘Best Market Rate’ on the Data#3 Sydney project, TRUE proposed a percentage of savings model.
Any savings that could be made post tender was shared with Data#3 on a 70/30 split, in Data#3’s favour.
Specifically in Sydney, we secured a cost saving of $33,518.80 or 2% of the project value.
This was shared:
• 70% Data#3 = $23,523.16
• 30% TRUE = $10,005.64