tender guaranty
DESCRIPTION
Guaranty of tender for project executionTRANSCRIPT
Tender
‘A written offer to contract goods or services at a specified cost or rate; a bid’ (http://www.thefreedictionary.com)
‘A structured invitation to vendors for the supply of goods or services’ (http://en.wikipedia.org/wiki)
04/19/2023 [email protected]
6 cornerstone principles of tendering
Transparency
Equity
Value of money
Probity
Fair-play
Accountability04/19/2023 [email protected]
Methods of Tendering
Open or Public
- Advertisement in daily newspaper Selective
- Contractors chosen from Pre-Qual register
Sole or Direct
- Sole bid invited without competitive bids
04/19/2023 [email protected]
Tender Process
1. Invitation to tender
2. Pre/post qualification questionnaire
3. Bid bond
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Tender Process
7. Withdrawal of offer
8. Tender opening
9. Evaluation of tenders
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Tender Process
10. Recommendation for award
11. Letter of award
12. Conditions of award
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Insurance
Performance bond
Tender Process
10. Recommendation for award
11. Letter of award
12. Conditions of award
04/19/2023 [email protected]
Insurance
Performance bond
Bibliography
http://tamanasciencepark.com// www.mof.gov.tlwww.fstb.gov.hk/tb/eng/procurement/
esprwww.gioproject.org.ukwww.investni.com/tendering_guidehttp://toolkit.smallbiz.nsw.gov.au/part/
26/134/627
04/19/2023 [email protected]
