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A tender An offer to perform work and/or supply goods at a given price, usually made in writing. View full glossary 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 A builder or other trade who carries out the construction work under a construction contract. A contractor can be a head contractor or a subcontractor. View full glossary 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.