Tenders – calling

Read time: 20 minutes

A tender is an offer to perform work and/or supply goods at a given price, usually made in writing. Most tenders for construction projects result from an invitation to a number of qualified contractors, who are supplied with the necessary documents on which to base their tendered prices, and a set of conditions of tendering to ensure validity of their tenders.

The tender documents should clearly identify how the successful contractor will be selected, for example: 100% on price, or a more detailed criteria such as 20% previous project history, 20% program, 20% staff suitability/qualifications and 40% price.