Page 113 - BASIC GUIDELINE FOR QS

Professional Practice: Guideline for Quantity Surveyor Chapter 4

4.1 Definition of Tender

To invite bids for a project, or to accept a formal offer such as a takeover bid. Tender
usually refers to the process whereby governments invite bids for large projects that
must be submitted within a stipulated deadline.

What is Tendering?

Tender is:
 an offer to contractor to do the work for a certain amount of money
 in corporate time and other conditions

 to carry out the contract requirements

 main reason is to complete a project
 The tender which is submitted by the contractor is generally based on a bill of
quantities & specification soft he statement of work

4.2 Types of Tender

Figure 4.1: Types of Tender

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