After working in an Indian Tender System for a long time, I found that most of entrepreneurs are not fully aware of this essential system which is capable to raise their business to a peak. I found that most of them are uncomfortable with this system. But now a day's there are lots of Tender Service providers available in the market which helps you to participate in Tender System. We will talk later about such services but right now let's start talk from the base of the Tender System.
Basically Tender is a platform generated to offer a competition between different bidders offering same work, supply or service so that the quality work will be obtained at reasonable cost. However such process must ensure that there are no loopholes in the system so that any individual has a back door entrance or having an underhand connection. Generally tenders are published by Government sector however huge Private sector also publishes tenders for their required work service or supply.
There are different types of tenders, classified by different categories. They can be classified as follows
Tender according to their Sector
Tenders according to stage
Making something soft or delicate
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Surveying Architectural works or design Structural works Approval Tendering Construction
There are three types of tendering methods used in construction industry!1. Open Tendering2. Selective Tendering3. Negotiated Tendering.Open tender is an arrangement where an advertisement in local newspapers or trade journals invites contractors to apply for tender documents.A deposit is usually required to ensure that only serious offers are made;Presumably it is needed to cover the cost of copying the documents. Local authorities have been advised against open tendering because it often leads to excessive tender lists where the cost of abortive tendering is considerable. There are instances of selection criteria being applied after the tender has been submitted, so a bid could be rejected if a contractor does not belong to an approved trade association.Advantages of Open TenderThe main advantage of such tendering is as follow:Give high level of competition and contractors tend to give best prices as compare to other tendering methodThere is no list of restrictive tenderer, which does not allow favoritismIt is very transparent process which ensures that only the contractor with the best price and meeting all the technical requirements will win the tender.This process is usually manage by procurement board where its staff are trained for such exercises and board ensure that all the procedures involved in tender are followed.Disadvantages of Open TenderThe low price usually detriment of quality and often result in the client obtaining poor quality job and late completion of work.Given that its open tender and thus there are no restrictions on the number of contractor who can bid and become bulky and lengthy job for tender analyses which often result in delays and high cost.Selective tender: Selective tendering consists of drawing up a list of chosen firms and asking them to tender. It is by far the most common arrangement because it allows price to be the deciding criterion; all other selection factors will have been dealt with at the pre-qualification stage. There are three ways in which selective tendering lists are drawn up:An advertisement may produce several interested contractors and suitable Firms are selected to tender.The consultants may contact those they would wish to put on an ad-hoc list.Many local authorities and national bodies keep approved lists of contractors in certain categories, such as work type and cost range. Contractors who ask to be included on select lists of tenderer are usually asked to provide information about their financial and technical performance, particularly about the type of work under consideration. The National Joint Consultative Committee for Building (NJCC) has written the 'Standard form of tendering questionnaire - private edition' so contractors can prepare answers to relevant questions in advance. The questions mainly deal with projects carried out during the previous three years. Once the form has been completed, it can be used for specific projects or for those compiling lists of selected contractors.Ngotiated Tender :under this method normally one contractor is approached and such tender mainly used for specialist work such as lift system or airport project at big level, in such case there are limited number of contractor who do such work in the market .it is based on one-to-one discussion with contractors to negotiated the terms of contract
Our eProcurement Offering (abcProcure.com) includes the following;* Reverse Auction Application * Forward Auction Application* eTendering Application* eSourcing Application* Team Buying Application* RFQ, RFI, RFP ApplicationsOur Listing Services (TenderTiger.com) includes the following;* Global Tender Portal* Indian Project Portal* Indian Catalogue Portal * Market Making Services * OneTender, The Daily Tender Magazine
a client's quantity surveyor will act on behalf of the client to ensure value for money and check the accuracy of the relevant contractors applications for payment. The building contractors quantity surveyor will be responsible for the appointment of sub contractors accounts and ensuring that there applications for payment are reasonable and accurate and also dealing with any variations that occur. Also the contractors QS will have to submit applications for payment to the client in line with the dates agreed in the original contract.
The disadvantage of tendering systems is that they are very competitive. The advantage to tendering systems is that they always guarantee performance.
There are many methods and procedures in procurement. Some of these methods and procedures include open tendering, restricted tendering, two page tendering, and request for proposals.
Yes.
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Wow, just wow.
selection contract wil be competitive open tendering
tendering a helping hand is this a correct sentence?
Latest tenders from Pakistan on www.ts42.com
Tender Drawing means which drawing issued project tendering stage.
Morris Davies has written: 'Consultation and user satisfaction' 'Tendering processes' 'Benchmarking'