- Which of these is mentioned in a tender?
- What is tender and its type?
- What goes into pre tender planning?
- What are the methods of tendering?
- What is tender reconciliation?
- What happens after a tender is awarded?
- How does a tender offer work?
- What is pre tendering and post tendering?
- What is a tender stage?
- How long does the tender process take?
- What is cost tender accounting?
- What is pre contract planning?
- How does the tender process work?
- How do you do tendering in construction?
- What is post tender?
- What is a two stage tender?
Which of these is mentioned in a tender?
Where is the designation of the authority giving the tender mentioned.
Explanation: The name of the authority is mentioned in the bottom right corner along with the organization’s name and branch..
What is tender and its type?
In other words, once accepted, a tender is a binding contract. … Actually there are several types of tender including open tender, selective tender, negotiated tender, serial tender and term tendering. 2.2.1 Open tender. Open tendering is the main tendering procedures employed by both the government and private sector.
What goes into pre tender planning?
Overall programme and phasing ▪ Design and tendering periods. Key date of commencement and completion of construction. Stage and phased handover dates. the appointments of consultants and contractors and commission the occupancy phase of the scheme.
What are the methods of tendering?
The following are the principal tendering methods available: Open tendering • Restrictive open tendering • Selective tendering • Negotiated tendering • Serial tendering • Two-stage tendering. The press often carries advertisements which are open invita- tions for any contractor to apply for a set of tender documents.
What is tender reconciliation?
It is the quantity surveyors final costing of the works before tenders are received. … The pre-tender estimate allows a reconciliation of the cost plan with the tender information from which any deviations to be identified.
What happens after a tender is awarded?
Once the government accepts a tender, it is binding to both the government and the winning tenderer. Therefore, the person or company has to provide the goods or services in the manner agreed to and at the price offered; and the government must pay the agreed price at the agreed time.
How does a tender offer work?
A tender offer is a public solicitation to all shareholders requesting that they tender their stock for sale at a specific price during a certain time. The investor normally offers a higher price per share than the company’s stock price, providing shareholders a greater incentive to sell their shares.
What is pre tendering and post tendering?
See morePre-tender include all the activities prior to the announcement of tenders, which usually involves prparartion of documents and may/mayn’t include prequalification, while post tendering means the activities which follows the selection of the bidder/contractor until conclusion of the contract and take over the …
What is a tender stage?
Tendering is the process by which bids are invited from interested contractors to carry out specific packages of construction work. … The two most commonly used methods of tendering are single-stage selective tendering or two-stage selective tendering.
How long does the tender process take?
Normally 35 calendar days, however, this can be reduced to 30 days if tender responses are submitted electronically. However, if a Prior Information Notice (PIN) has been published, the tender window can be reduced to 15 calendar days.
What is cost tender accounting?
Cost of tender is the total charges associated with the delivery and certification of commodities underlying a futures contract. The cost of tender represents the total costs related to taking the physical delivery of a commodity.
What is pre contract planning?
Pre-contract planning: analysis of tenders and exchange of contracts between the client and the successful contractor to construct the building as designed; confirmation of construction methodology and construction programming.
How does the tender process work?
A business tender is an offer to do work or supply goods at a fixed price. The tender or bid process is designed to ensure that the work to be done is given out in a fair way. … Once the client entity accepts a tender, it is binding on both parties.
How do you do tendering in construction?
Open tender Giving detail and key information about the proposed works and inviting interested contractor to tender. In the legal sense such tender notices constitute invitation to treat, a mere request by the employer for suitable contractor to submit their bids or offers.
What is post tender?
PTN is contact between the procurement officer and the bidder(s) to refine and improve the bid(s) received in order to ensure that prices, delivery or associated terms of the contract are competitive. PTN is conducted after the receipt of formal tenders by the procurement officer, and before the award of any contract.
What is a two stage tender?
Two stage tendering is a method of procurement where the employer seeks to appoint a contractor at an initial stage of the project based on an outline scope of work. … There is then a second stage when the employer seeks to appoint a contractor for the construction works under a building contract.