Invitation to Tender in Construction Sample
August 27, 2016
Tendering constitutes a formal offer to execute the contract work in accordance with the various contract documents for the contract price as quoted in BOQ. It usually includes the contract period within which the contractor is to complete the work.
The contractor is generally asked to enter into a bond whereby he provides to sureties who are prepared to pay upto 10-15% of the contract price if…