IO releases RFP for vendor of record for general contractors
By On-Site staffConstruction Financing Infrastructure
Infrastructure Ontario (IO) recently released a request for proposals (RFP) for its Vendor of Record (VOR) for general contractors for real estate construction projects estimated between $100,000 and $5 million.
The VOR is designed to enhance service quality and procurement efficiencies for clients and industry. It will replace IO’s Source List for general contractors.
The RFP marks the initial step in the procurement process to create lists of top qualifying vendors for various project categories and cost thresholds.
General contractors that qualify for the lists will be permitted to bid on projects over a three-year term.
IO stated improvements to the VOR procurement include: vendor caps to ensure highest quality vendors; a three-year term with possible extension terms for continued excellent service; and list rotation to provide vendors equal access to projects.
In 2013, IO plans on releasing VORs for engineers, architects and interior designers.
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Source: Infrastructure Ontario.