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What is tender documentation?
tender document is a document submitted by a contractor bidding for a construction project.some components of the document include,Bill of Quantity,Company's Profile,Working Drawing etc.
How would you describe the construction tender process?
i want to know how to prepare tender
What is open tender?
Bidding process that is open to all qualified bidders and where the sealed bids are opened usually in public for scrutiny and are chosen on the basis of price and quality. Also called competitive tender or public tender.
What is the difference between tender document and tender notice?
A tender notice is a public announcement inviting bids from potential suppliers, while a tender document contains detailed information about the project, requirements, terms, and conditions for the bidding process. The tender notice alerts potential bidders to the opportunity, while the tender document provides the specific guidelines for submitting a bid.
What is tender figure?
A tender figure refers to an estimate or proposal submitted in response to a request for tender, often in a competitive bidding process for contracts or projects. It typically outlines the costs, timelines, and specifications for the work to be performed. The tender figure is crucial as it helps clients evaluate and compare different bids to select the best offer based on price and capability.
What is tender drawing in construction?
Drawings that are used for estimating/pricing the cost of the building to be constructed.
What are synonyms for bidding?
attempt, try, effort, shot, stab, offer, price, advance, proposal, tender
What does dnit stands for in construction tenders?
DNIT stands for DETAIL NOTICE INVITING TENDER(DNIT)
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.
What is a tender contract?
A Tender is an open offer "to Make an offer". Ex: A Company wants to buy 1000 computers. It will give a tender notice in News papers with all the specifications it wants, for manufacturers to respond to it. Many manufacturers respond bidding their price for the 1000 computers. The most competitive bid wins the tender (deal/contract).
What is unbalanced tender?
Unbalanced tender refers to a situation where the distribution of resources or benefits is unevenly weighted in favor of one party over another in a business transaction or contract bidding process. This can create an unfair advantage for one party and may lead to disputes or legal challenges. It is important for organizations to ensure fairness and transparency in their tendering processes to promote healthy competition and integrity.
Floating of tender?
Floating a tender refers to the process of inviting bids or proposals from contractors or suppliers for a specific project or service. This typically involves publishing a tender document that outlines the project specifications, requirements, and evaluation criteria. Once the tender is floated, interested parties can submit their bids, which are then reviewed and assessed based on predefined criteria to select the most suitable contractor. This process is common in public procurement and construction projects to ensure transparency and competitiveness.
