Hey guys welcome to civil experience in today's article I am going to discuss What is Tendering, The differences between tender and contract documents briefly to understand the difference between tender documents and contract documents
First, you have to understand What is Tendering, What these documents contain so read the complete article
What is Tendering
Tender is an offer in writing to contractors to execute some specified works or to supply specified materials within a fixed time frame and is for conditions of contract and agreement between the contractor and the owner or the department for the party
The tender documents contain the bill of quantities, specifications of the works to be carried out the timeframe for the completion of the work conditions of the contract and plans and drawings
These documents are provided to the contractor on the payment of certain fees the contractor who quotes the lowest rates for the overall works are offered the contract to execute the work what our contract documents
Contract documents are the agreement between the owner or the party or the department and the contractor to execute the works is specified in the tender documents as for conditions of the contract on the rates quoted by the contractor
Difference Between Tender And Contract Documents
The difference here to be noted is that tender documents are offered to as many contractors as possible to get the lowest quotes for the work specified
While the contract documents are signed only with the contractor with the lowest tender or rates the tender documents contain the conditions of contract and all the details for the specified work there is not much difference between these two in terms of contents the tender documents cannot be submitted as a letter of acceptance as these are two different types of documents
A tender document cannot bind the contractor to do the work a contract document binds the contractor to complete the work as per the agreement simple example to understand the difference between tender and contract documents
When you are selected for a job in a company you are offered an offer letter to join the company but getting selected in a company does not mean that you join the same company you may have other offer letters as well but when you sign the letter of acceptance for the job you are bound to join the company so here offer letter from the company is a tender document and letter of acceptance is the contract document
The Tender Documents Outline
- Buyer requirements;
- Budgets available;
- Timescales involved;
- Response requirements;
- And specified requirements (to name a few)
It’s then up to a supplier of the specific goods or services to respond to the contract usually via a written proposal and a suitable cost or quote to undergo the works at hand.
This tendering process is designed to achieve maximise transparency in the evaluation process and make sure that the best supplier is selected fairly in an open, honest, objective and neutral selection process.
This allows the buyer to maximise their expenditure and ensure they receive true value for money regarding an affordable supplier who has provided a strong response to the technical elements of the work.
What is Tendering Process?
Tendering process is quite simple and starts with these basic below steps:-
- Publication date of any tender
- Submit your best bid after reading and checking all the T&C and submit the documents accordingly
- Date of Tender opening
- Technical bid submission
- Financial bid submission
- End date for the engagement of work
Tender is Good or Bad?
Well the tender project process is good in all most condition but in a present time its convert in generating money instead of providing quality but we will talk about this in detail in next article so able Push Notification by clicking on bell icon which is at below right corner
FAQ 1: what is The Tender Documents Outline?
1. Buyer requirements; 2. Budgets available; 3. Timescales involved; 4. Response requirements; 5. And specified requirements (to name a few)
FAQ 2: What is Tendering Process?
Tendering process is quite simple and starts with these basic below steps:- 1. Publication date of any tender 2. Submit your best bid after reading and checking all the TandC and submit the documents accordingly 3 .Date of Tender opening 3.1 Technical bid submission 3.2 Financial bid submission 4. End date for the engagement of work