Tendering Tendering is the process by which bids are invited from interested contractors to carry out specific packages of construction work.
Types of tendering
- Competitive tendering
- Open
- Selective
- Negotiated tendering
- Serial
- Nominative
Open tende
Open tendering is the main tendering procedures employed by both the government and private sector. The client advertises the tender offer in the local newspaper. Giving detail and key information about the proposed works and inviting interested contractor to tender. In the legal sense such tender notices constitute invitation to treat, a mere request by the employer for suitable contractor to submit their bids or offers. If the pre-requisite to tendering on the form of possession of the necessary registration has been identified in the tender notice, then the advertisement is directed to only that particular class of the public having the said qualifications.
In order to reduce number of enquirers, earnest money is deposited (for private project). Until the receipt of a bone fide tender selected then it will be returned. Although price is very important in the decision on which tender or bid to accept, it is not the only factor taken into account. Client does not bind to accept the lowest or any offer. The advantages and disadvantages of open tender are stated below:Click here to continue read
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