Page 192 - BASIC GUIDELINE FOR QS

Quantity Surveying: Guideline for Quantity Surveyor Chapter 6

6.2.1 1st Evaluation Stage

First stage assessment on lowest tender until several tender in reasonable range of
values in order to meet pre condition subsequently:

1. Tender perfection
 Only the tenders are complete and free from defects in terms of law and

contract that may affect their entitlement to be considered in accordance with
current practice.
 Among the revisions made on the signature affixed to the right place, a

record price in the tender form, the registration of a contractor with
CIDB/PKK is still valid.

2. Adequancy of the document
 The document must be submitted by the tenderer is a copy of the audited

accounts / Statement of Bank Account Monthly/Financial Report and
Performance Report by Supervising Officers Projects Current Projects.

 Evaluation is important to know that the tenderer has adequate financial
resources and current performance is in good condition.

3. Satisfactory financial position
 Having satisfactory financial position by assessor officer tenderer.

 Any tenderer who have less capital than the minimum capital is not eligible to
be considered for recommendation. Minimum capital is 3% of the value of
work.

 The minimum capital can be examined from the last 3 month statement of
bank account, the trust shares, fixed deposits, bond and credit balances or

 Copy of the Company’s Statement of Account (balance Sheet) which has
been audited by a certified accountant for the last two (2) financial years.

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