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Wiki User
∙ 14y ago
Wiki User
∙ 13y agoDepends what you tender for, but they should all be similar I guess. Construction tendering Example.
1. What happens is that the Client (person who wants somthing built) publishes an Invitation to Tender in the paper or on a website.
2. Companies who would like the job (it is really vital to decide whether you would like to tender before you start getting into it) show interest and get the Tender Documentation. It includes, designs, drawings...
3. Then they hire specialists to test the site (soil, water, etc), QSurveyor to build up the costs of the project.
4. When testing, costing... is done, the company submits the tender price.
5. All the tenders are reviewed one by one, pros and cons of each tenderer are counted and weighted.
6. All of the reputable tenderers are shortlisted and invited for an interview. There can be a number of the interviews where a client gets more and more info on the tenderer, which at some stage allows the client to make a decision on who is going to be building the project.
I think:D
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What are the 6 steps to the engineering process?
Surveying Architectural works or design Structural works Approval Tendering Construction
What are the limitations of tendering as a method of purchasing?
credit
Define tender and types of tender?
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
What is tendering?
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 followsTender according to their SectorGovernment Sector TenderPrivate Sector TenderPSU(Public Sector Undertaking) TenderTender according to its boundaryOpen TenderingRestricted TenderingOpen Tenders: In an open tenders system, the publisher publishes the tender publicly via a public medium like local or national newspaper, government portal, website etc where any eligible party can participate. The eligibility to participate tenders has been decided by the publisher and few other authorities. Restricted Tenders: In Restricted tender system the publisher invite to some of the specific parties to participate in the tender. No other individual is able to participate in the tender. Tenders according to stageSingle Stage TenderingMulti Stage TenderingSingle Stage Tendering: In single stage tendering, the best bid done by an aspirant will win the tender. Multi Stage Tendering: Multi stage tendering is further classified in two parts. According to the Technical and financial selection:In this type of system there are two proposals placed, one for technical proposal and financial proposal. First the technical proposal is reviewed and evaluated followed by financial ProposalAccording to the Open tendering and then restricted tendering:In this type of system first the tender is being published as open tender and then the few selected individual will be invited to take part further.Tenders can be issued through:Expressions of interest (EOI) - The participants are shortlisted before detailed declaration of project.Request for information (RFI) - It is similar to EOI in which the publisher wants to gather information about some specific parties/companies and then the eligible one will be invited to participate.Request for proposal (RFP) - The companies/Parties has to submit only technical proposal as innovative solution is needed.Request for quotation (RFQ) -Used when there is a specific requirement of goods or service. The best priced quotation get the tender.Request for tender (RFT) - It is just an open tendering and the advertisement has been given in public media like newspaper, Website, etc.It is observed that many aspirants who fulfill the eligibility to participate in tender will lose the tender just because of lack of perfect documentation. The perfect documentation will improve your chance to win the tender. We will discuss later about the "Things to keep in mind while filling a tender".
What is the possessive form of the word process?
The possessive form for the noun process is process's.
What are the advantages and disadvantages of tendering systems?
The disadvantage of tendering systems is that they are very competitive. The advantage to tendering systems is that they always guarantee performance.
What are the 6 steps to the engineering process?
Surveying Architectural works or design Structural works Approval Tendering Construction
Briefly discuss the Tendering process in South Africa economy?
its where only black people companies get selected to bid for the tenders
What is the difference between estimating and tendering in the construction trade?
The process of cost estimating is working out how much a building or other construction will cost to make. The costs are usually divided into materials and labor costs. Tendering is the process of making a priced offer to construct the building. This is a legally enforcable offer made within the conditions of the tender documentation.
What are the methods and procedures used in procurement?
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.
Is tendering a word?
Yes.
WHAT IS open bidding or tendering?
A bidding process that is open to all qualified bidders and where the seales bids are opened in public for scrutiny and are chosen on the basis of price and quality.
Where can you get tendering articles of dr irfan ahmad?
you can find tendering articles of dr irfan ahmad on http://ezinearticles.com and http://www.articlesbase.com
What are the advantages and disadvantages of selective tendering?
Selective tendering has a low cost for production of tender documents since there is a small list of selected firms to tender. Price will be the main determinant for selection, since all other considerations would have been done already making the analysis process simple and faster.
What are tenders when referring to construction?
Tendering is the process by which bids are invited from interested contractors to carry out specific packages of construction work. These sometimes involve temp agencies as well.
Is e-tendering a good process to select vendors?
I suppose a good negotiation process is centered on compromising and not entering a negotiation with a win/lose frame of mind...it will more than likely end up being a tug of war process leading to nowhere..
What are the limitation of tendering as a method of purchasing?
credit
