Serial Tendering Advantages And Disadvantages

It is recommended that the number of tenderers should be limited to between five and eight, depending on the size of the contract. Names may be selected from an approved list or panel maintained by the client. Selective Tendering A short list drawn up of contractors who are considered to be suitable to carry out the proposed work.

There is no guarantee that the lowest tenderer is sufficiently capable or financially stable. Usually a deposit is required to discourage irresponsible applicants, the deposit being returnable on the submission of the tender.ĭisadvantages There is a danger that a firm inexperienced in preparing tenders may submit the lowest tender. Open Tendering Initiated by clients architect quantity surveyor advertising in newspapers andor inviting contractors to apply for tender documents and to tender in competition for carrying out the work. There are three principal methods for choosing a contractor: (a) open tendering, (b) selective tendering, (c) nomination. That has a reputation for good quality workmanship and efficient organization. The clients professional advisers should find a contracting company That is financially stable and has a good business record.įor which the size of project is neither too small nor too large. Serial Tendering Advantages And Disadvantages Professional Advisers Should Serial Tendering Advantages And Disadvantages Professional Advisers Should.