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Quantity Surveying: Guideline for Quantity Surveyor Chapter 6
CHAPTER
TENDER
6
REPORT &
ACCEPTANCE
GENERAL OBJECTIVES
To understand the tender report and
letter acceptance preparation process
SPECIFIC OBJECTIVE
By the end of the unit, the students
should be able to :
Understand the procedure in tender
evaluation process
Understand the factors in selection of
contractor
Understand the failure factors in tender
participation
Understand importance of letter of
acceptance
Understand performance bond and
retention money
Understand related insurance for
construction project
Understand contract price and
construction period
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