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Tender is a formal invitation to suppliers to make an offer to the buyer for the supply of goods and services as set out in the specification document within the formal tender document.
Contract is the formal agreement between the buying organisation and the supplier setting out what services and products the supplier is contracted to deliver and within the timeline and contract price.
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What is the difference between a contract document and a tender document?
A contract is an agreement between two parties for any means, typically involving some sort of exchange. A tender document is a document that indications the specification of a customer.
What is the difference between a tender and auction?
what is the difference between an auction and a tender
What is a formal contract?
It is an agreement between the chicken and the tender.
What is tender drawing?
Tender Drawing means which drawing issued project tendering stage.
What is the difference between a quotation and a tender?
tender is a own organisation format but quotation is a organisation format.
What is tender drawing in construction?
Drawings that are used for estimating/pricing the cost of the building to be constructed.
What is difference between variation and provisional sum?
Provisional sum is an amount quoted for an item in a tender document where all of the design information is not fully specified. The provisional sum should be as accurate as possible with the information to hand A variation is an item within a construction project that was not originally specified in the contract tender document and so is a 'variation to contract'.
What is the difference between tender drawing and construction drawing?
Tender drawings are preliminary designs prepared to solicit bids from contractors, focusing on the overall layout, dimensions, and specifications necessary to provide an estimate for the project. In contrast, construction drawings are detailed and finalized documents used during the actual building process, including comprehensive information on materials, construction methods, and specific measurements. While tender drawings outline the project's intent, construction drawings provide the precise instructions needed for execution.
How is a contract discharged by tender of performance?
the parties do what they said they would do under the contract
What is the difference between bid and tender?
A bid is making a financial offer for something or the amount of money that you will pay for something. A tender is offering a service at a specific price.
What does it mean to non tender someone?
to not offer them a contract
What does it mean to submit a tender for a business contract?
i am in a small business which is going up for tender soon what does that entail
