Are you familiar with the word TENDER in the construction industry and what role Quantity Surveyors play during this process??
Allow me take you through.
Tendering in construction refers to the process of submitting a proposal or bid to undertake a construction project. Here's a note on the process:
Tendering Process:
1. Project Announcement: The client announces the project and invites contractors to participate in the tendering process.
2. Pre-Qualification: Contractors submit their credentials and experience to demonstrate their suitability for the project.
3. Tender Documents: The client issues tender documents, including project specifications, drawings, and contract terms.
4. Bid Submission: Contractors submit their bids, including their proposed price, project timeline, and methodology.
5. Evaluation: The client evaluates the bids based on criteria such as price, experience, and technical capability.
6. Contract Award: The client awards the contract to the successful bidder.
you can see the following stages of Contract Tenders in Construction:
- Project Announcement
- Pre-Qualification
- Tender Documents
- Bid Submission
- Evaluation
- Contract Award
Quantity Surveyors play a crucial role in the tendering process, and their responsibilities include:
1. Pre-Tender Estimation: Preparing initial cost estimates and feasibility studies to determine project viability.
2. Tender Documentation: Assisting in preparing tender documents, including bills of quantities, specifications, and contract conditions.
3. Tender Evaluation: Analyzing and evaluating tenders received from contractors, including assessing compliance with tender requirements.
4. Contractor Pre-Qualification: Assessing contractors' technical and financial capabilities to shortlist suitable bidders.
5. Tender Risk Assessment: Identifying and assessing potential risks and opportunities in the tender process.
6. Value Engineering: Identifying opportunities for cost savings and optimization during the tender stage.
7. Tender Report: Compiling and presenting tender reports to clients, including recommendations for contract award.
8. Contract Negotiation: Assisting in negotiations with the successful contractor to finalize contract terms.
9. Post-Tender Cost Control: Establishing cost control systems and procedures to monitor project expenditure during construction.
10. Contract Administration: Administering contracts, including processing claims, variations, and final accounts.
Quantity Surveyors' expertise in cost management, contract administration, and risk assessment ensures a thorough and efficient tendering process, enabling clients to make informed decisions and achieve project success.
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