Tender: It is an invitation from owner/client calling for a formal written offer to undertake/execute some specific work or provide services( at a specified cost and in specified time with a set of requirements or specifications) from prospective tenderers in the specified tender form (RFP). Bid: A bid is a quoted tender either in the specified form of the employer or contractor. Bidding is an offer(often competitive) of setting a price for specific work or service to be provided. Tendering is the process by which bids are invited from interested contractors to carry out specific packages of construction work. Tendering should adopt and observe the key values of fairness, integrity, honesty, clarity, simplicity and accountability keeping in mind the value for money. Three Types of Tendering Methods used in Construction Industry: 1.

Serial Tendering Advantages And Disadvantages Serial Tendering Advantages And Disadvantages The system has disadvantages but does give contractors new to an. Task 9.1.2 Types of Tendering Discuss the advantages and limitations of. What are the advantages and disadvantages of selective tendering? What are advantages and disadvantages of. What are the advantages and disadvantages of sex. Advantages Of Open Tendering Construction Essay.

Disadvantages of open tendering. Advantages Of Open Tendering Construction Essay. Negotiated tendering achieves a contract between a client and a contractor by direct negotiation, rather than competitive bidding. This type of negotiation is used to. Open Tendering Methods in Construction: Under open tendering the employer advertises his proposed project, and permits as many contractors as are interested to apply.

Advantages Of Open Tendering Construction Essay. 2373 words (9 pages) essay in Construction. Advantages of open tendering. No favourism (everyone can apply for the tender). Disadvantages of Selective tender. Less price competition. Cartel tendering. New firms cannot enter in to.

Advantages and disadvantages of competitive. The advantages of competitive tendering. What are the Advantages and disadvantages of competitive bidding for. Advantages of Open Tendering No favoritism Introduction to new firms. Microsoft PowerPoint - Chapter 7 - Tendering. Tendering Procedures.ppt Types Of Tenders And Tendering Process Construction Essay. Published: 2.

A tender can be said as an offer to do work or supply goods at a fixed price. Initiating step of a tendering process in which qualified contractors are invited to submit sealed bids for construction or for supply of specific and clearly defined goods or services during a specified timeframe. The tender process is designed to ensure that the work to be done for client/government is given out in a fair way. For example in Malaysia, there are a number of policies known as procurement policies which guide government of Malaysia on how to make decisions on which tender to accept. Although price is very important in the decision on which tender or bid to accept, it is not the only factor taken into account. Once client/government accepts a tender, it is binding on both parties. This means that the person or company that won the tender has to provide the goods or services in the manner agreed to and at the price offered, and client/government must pay the agreed price at the agreed time.

In other words, once accepted, a tender is a binding contract. Types of tendering. When talk about tendering, it is involved some kind of complicated process and procedure. Before any tendering process can be done, professional team and employer must make sure all necessary tender documents have been prepared, checked and approved. The source of the funding also must have been identified and the project financing put in place. The procedures for subsequent stages should have been established with the express consent of the employer to ensure the tendering process will go smoothly.

What types of tendering that employer want to choose is depends on nature of contract, complexity of the construction, expertise needed and several reasons. But usually for the government project all over the world, is tend to make open tender to ensure the procurement and works to be done in fairly manner without prejudice. As the researcher mention before, open tender is one of the types of tendering that commonly used in this world. Actually there are several types of tender including open tender, selective tender, negotiated tender, serial tender and term tendering. Open tendering is the main tendering procedures employed by both the government and private sector.

The client advertises the tender offer in the local newspaper giving detail and key information of 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. Instrukciya po ohrane truda dlya rezhissera massovih predstavlenij. If the pre- requisite to tendering on the form of possession of the necessary registration has been identified in the tender notice, then the advertisement is directed to only that particular class of the public having the said qualifications. In order to reduce number of enquiries, earnest money is deposited (for private project). Until the receipt of a bone fide tender selected then it will be returned. Although price is very important in the decision on which tender or bid to accept, it is not the only factor taken into account.