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…
A tender is a submission made by a prospective supplier in response to an invitation to tender. It makes an offer for the supply of goods or services.Invitation to Tender
The inviting of tenders for civil engineering works is usually performed by one of the following three…