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1. Tendering Phase –
Features and Benefits
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2. What is tendering?
Tendering is the process which involves acceptance of bids of interested
contractors to carry out specific packages of a construction project. A tendering
process should work keeping in mind key values:
• fairness
• clarity
• simplicity
• accountability
as well as reinforces the distribution of risk to the party which can manage and
assess it in the best possible way and guides the project to success.
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A project management consultant strongly adheres to the core values and invites
and assesses bids.
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3. Typical CHARACTERISTICS of tenders are:
➔A tender request document is written.
➔Tender responses are requested from more than one organisation.
➔A fixed time period is allocated to respond.
➔Then responses are evaluated following predetermined criteria.
➔The successful tenderer is awarded the contract.
Tendering is a part of a wider business strategy. Tenders can be considered as a
mark of good governance in an organisation. It is a practise process that results in
numerous benefits.
The BENEFITS of carrying out the tendering process are:
• Adequate attention: It provides the best possible value for money from the
acquisition activity.
• It makes compliance and regulatory requirements simpler for government
organisations and other industry sectors that involve legislative obligations.
• A competitive marketplace is maintained as companies fight for your
business.
• It helps your organisation to understand the alternatives and options that
are available.
• Current suppliers remain active and focused.
• You can drive the agenda on your terms and not the suppliers.
• You can involve key stakeholders in the selection process to obtain their
buy-in.
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4. • Better value is a guarantee in the form of price reductions, better service,
higher quality products or other value adds.
• Commitment prevails on both sides: Seller commits to run the process
formally, responders commit to investing the time to respond.
Shah and Talati believes every activity in the tendering phase has a time and cost
implication on the entire project. Bearing this in mind, we are the best project
management consultant and structural consultant in Vadodara. We have an
expert team of architects, engineers, surveyors, project managers and, structural
designers and consultants who ensure that true competition is achieved.
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