When talk about tendering, it is involved some sort of complicated procedure and process. Before any tendering procedure can be done, professional squad and employer must do certain all necessary stamp paperss have been prepared, checkered and approved. The beginning of the support besides must hold been identified and the undertaking funding put in topographic point. The processs for subsequent phases should hold been established with the express consent of the employer to guarantee the tendering procedure will travel swimmingly.
What types of tendering that employer want to take is depends on nature of contract, complexness of the building, expertness needed and several grounds. But normally for the authorities undertaking all over the universe, is tend to do unfastened stamp to guarantee the procurance and works to be done in reasonably mode without bias. As the research worker reference before, unfastened stamp is one of the types of tendering that normally used in this universe. Actually there are several types of stamp including unfastened stamp, selective stamp, negotiated stamp, consecutive stamp and term tendering.
If the pre-requisite to tendering on the signifier of ownership of the necessary enrollment has been identified in the stamp notice, so the advertizement is directed to merely that peculiar category of the public holding the said makings. In order to cut down figure of questions, earnest money is deposited ( for private undertaking ) . Until the reception of a bone fide stamp selected so it will be returned. Although monetary value is really of import in the determination on which stamp or command to accept, it is non the lone factor taken into history. Client does non adhere to accept the lowest or any offer. The advantages and disadvantages of unfastened stamp are stated below:
Selective tendering is the one options developed to turn to the restrictions of the unfastened tendering process. In this method, a short list of contractor is drawn up and they are invited to subject stamps. The intent of the elected tendering are to better the quality of the commands received, to guarantee that contractors with the necessary experience and competency are given the chance to subject the necessary commands, due to urgency work involved, for specific grounds of the employer, eg security grounds in authorities undertakings. etc. and to do the tendering process more manageable and less a load on the parties involved. Such list may be prepared through recommendation from the Client & A ; acirc ; ˆ™s professional advisor whom have knowledge of the Contractors set abouting the work in the yesteryear or advertizement through the newspaper ( prequalification ) . The advantages and disadvantages of the selective tendering are stated below.
In stamp notice will advert the clip and day of the month of stamp shutting procedure. If the contractors fail to subject their commands within specific clip and day of the month, it considers the contractors refuse to offer for the stamp. At that clip besides tender cogency period is started. At this period, contractors can retreat back their commands if they are no more interested to contend for the stamp. Consultant usage this period to do appraisal and rating each of the offers.
Measure surveyors normally will manage stamp gap procedure. In order to continue the unity of the competitory procedure, it is imperative that the rating of proposals is undertaken objectively, systematically and without bias towards peculiar suppliers. & A ; Acirc ; Tenders are normally evaluated against a pre-determined set of standards. The rating of the stamps shall be prepared the soonest possible after the stamp gap. A study prepared by the Quantity Surveyor will depict the findings of the said rating and it will be supported by tabular arraies and graphs. In the terminal, the Quantity Surveyor will urge which tenderer, who in his sentiment, is the most suited to set about to put to death the undertaking.
An rating squad will analyze each stamp received and do recommendations as to which stamp represents best value for money. & A ; Acirc ; Once the contract has been awarded, both the successful and unsuccessful tenderers will be notified. Once the concluding determination has been made on the stamp award, the stamp decision maker creates the stamp consequences presentment which is in missive signifier, and so sent to all take parting contractors.