Tender Process
Tendering is a process by which bids are invited by building and ancillary contractors to carry out the build. The tender package is based on the detailed plans, specifications, construction drawings, schedules, Bill of Quantities or a Schedule of Work, allowing contractors to quote realistically for the work.
The process starts with an invitation to tender (ITT) a construction project [may also be called a request for proposal (RFP), invitation to bid (ITB), or request for qualifications (RFQ)]. The tender document includes all the information needed to provide pricing on the proposed scope of work. Based on the tender documents, contractors provide pricing to the owner. The owner or other parties involved reviews the tenders and selects the best one that fits their needs.
There are several types of tender processes that may be used to select a contractor: open, selective, negotiated, serial, framework, single-stage, and two-stage tendering, these are as follows:
- Open tendering
- Selective tendering
- Negotiated tendering
- Serial Tendering
- Framework tendering
- Single and two stage tendering.
Selective and Negotiated tendering are two of the most common form of tendering we deal with for the majority of our projects.
Once tenders are returned, we prepare a report for our clients to help inform their choice of contractor. We encourage clients to use contractors who demonstrate the highest level of quality, familiarity with the type of project, and boasting exemplary references.