Selective Tendering method: Under this, the buyer advertises his project and invites contractors to apply, based on a selected list of contractors who will be invited to bid for the project. Open- Tendering Method: Under this, the buyer advertises his proposed project, and permits as many contractors as are interested to apply for tender documents. A detailed description of each of these methods is as follows. There are five types of Construction Tenders and they are Open- Tendering Selective Tendering Negotiation Tendering Term Tendering Serial Tendering Tendering methods are selected based on the type of the construction projects. The article will throw some light on types of construction tenders and conventional tender process for government construction projects. In this article we will be focusing on Traditional procurement method used for government construction projects or contracts. Depending on the language in the bid proposal the construction companies make their bids for submission, and if accepted, a legally enforceable contract is created. Government Construction projects and Contracts Tendering Process under construction is a process of submitting a proposal to undertake government construction projects.
Three Types of Tendering Methods used in Construction Industry: 1. Tendering should adopt and observe the key values of fairness, integrity, honesty, clarity, simplicity and accountability keeping in mind the value for money. Tendering is the process by which bids are invited from interested contractors to carry out specific packages of construction work. Bidding is an offer(often competitive) of setting a price for specific work or service to be provided. Bid: A bid is a quoted tender either in the specified form of the employer or contractor. 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).
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