Windows 7 greek 32 bit iso. Dec 16, 2011 advantages of tendering v As advertisement is given in 3 prominent newspapers society will get good offers from reputed developers. V As offers are invited in a sealed tender form, there is a severe competition among the bidders. Tendering systems, their merits and demerits, and eventually a comparison in relation to cost, time, quality and performance. Serial Tendering.
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.