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what is Tender ? Necessity of Tender .

Quantity Surveying and Contracts Management

Answer in Short

Tender is an officer which incorporates the sum of money, time,and other conditions required to carry out the contract obligations in order to complete a project or a part of consisting of specified works.... View full answer

Explanation

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Tender 

Tender is an officer which incorporates the sum of money, time,and other conditions required to carry out the contract obligations in order to complete a project or a part of consisting of specified works.

 Necessity of Tender 

  • Lower bids that may be obtained due to competition among the contractors. 
  • Selection of contractors can be made based upon their experience in their line.

More Questions from Quantity Surveying and Contracts Management Module 4

<p><strong>Explain  Processing of works </strong></p>
<p><strong>Security Deposit (SD)</strong></p>
<p><strong>Pre-qualification  of  Contractors </strong></p>
<p><strong>Publicity of Tenders </strong></p>
<p><strong>Submission and opening of bids </strong></p>