Cpntracts and Accounts Microproject PDF
Cpntracts and Accounts Microproject PDF
Cpntracts and Accounts Microproject PDF
Brief description :
Tendering is the process by which bids are invited from
interested contractors to carry out specific packages of construction
work. In this
project, tendering process and its documents are mentioned.
1. Open tender
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 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.
2. Selective tender
Selective tendering is the one alternatives developed to address the
limitations of
the open tendering procedure. In this method, a short list of contractor
is drawn
up and they are invited to submit tenders. The purpose of the elective
tendering
are to improve the quality of the bids received, to ensure that
contractors with
the necessary experience and competence are given the opportunity to
submit
the necessary bids, due to urgency work involved, for specific reasons
of the
employer, e.g. security reasons in government projects, Etc. and to
make the
tendering procedure more manageable and less a burden on the parties
involved.
Such list may be prepared through recommendation from the Client’s
professional adviser whom have knowledge of the Contractors
undertaking the
work in the past or advertisement through the newspaper (pre-
qualification).
The advantages and disadvantages of the selective tendering are stated
below.
Only the competent contractors were invited to tender, then the
lowest can be
accepted.
Reduces the availability of work for other contractors especially
new contractors.
3. Negotiation Tender
The contractor can be selected either from the employer’s own list
of preferencesor on the advice of the professional team.
Tendering process:
There are some significant differences between public and private
sector
tenders.
requirements and they invite you to tender. Here comes the most
crucial step-
submitting your tender response.
Skill Developed/Conclusion:
1) A tender can be described as an offer to perform some task or
supply goods
at predetermined prices.
2) Once the client accepts the tender, it is binding on both the parties
involved.
Tenders are accepted while adhering to the policies that guide the
procurement
framework.
3) E-tendering process was designed to get away with wrongdoings
involved in
traditional methods of bidding. The development of e-procurement
software
has further