Tendering: A Modest Proposal

456 Words1 Page

Tendering is the process of making an offer, bid or proposal, or expressing interest in response to an invitation or request for tender. Organisations will select an offer or tender that meets their needs and provides the best value for money.  Main purpose of tendering • to select a suitable and capable contractor at a time appropriate to the circumstances of the project. • to obtain from the contractor selected at the proper time, an acceptable tender or offer upon which a contractor can be let or award.  Tendering method: • Opening tendering - The employer advertises his proposed project, and permits as many contractors as are interested to apply for tender documents. Open tendering has been criticised for attracting tenders / expressions of interest from large numbers of suppliers, some of whom may be entirely unsuitable for the contract and as a result it can waste a great deal of time, effort and money. …show more content…

These Contractors are selected on their integrity, ability and characteristics before they are invited to tender. It follows that only firms of sufficient standing and experience in that particular type of work will be approached. The lowest tender will generally have to be accepted.Selective tendering can give clients greater confidence that their requirements will be satisfied and should reduce the wasted effort that can be involved in open tendering. • Negotiated tendering - employer inviting a contractor of his choice to submit prices for a project. Usually this is for specialized work or when particular equipment is needed as an extension of existing works, or for further work following a previous contract. negotiated tenders can be used when there is a very tight deadline, or emergency works are necessary. A negotiated tender has a good chance of being satisfactory because, more often than not, it is based on previous satisfactory working together by the employer and the

More about Tendering: A Modest Proposal

Open Document