what is Tender ? Necessity of Tender .


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.


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More Questions from Quantity Surveying and Contracts Management Module 4

Types of contract 


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Publicity of Tenders 


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Evaluation of bids 


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Security Deposit (SD)


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Explain  Processing of works 


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what is Tender ? Necessity of Tender .


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Submission and opening of bids 


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